Financial Close

Financial Close

The time when the documentation has been executed and conditions precedent have been satisfied or waived. Drawdowns are now permissible.

Financial Close

The period of time after an agreement has been entered when all conditions have been fulfilled (or waived) and all documents have been properly filed and executed. After the financial close, drawdowns are allowed.
References in periodicals archive ?
ISLAMABAD -- Private Power and Infrastructure Board (PPIB) Wednesday allowed extension in Financial Close deadlines of two 660 MW Thar coal based power projects and 660 kV HVDC Matiari-Lahore Transmission Line being processed under China Pakistan Economic Corridor (CPEC).
KARACHI -- The China Power Hub Generation Company (CPHGC), a Project of the China Pakistan Economic Corridor (CPEC), achieved financial close for its $2 billion project.
He said that he had discussed its financial close with the CPEC authorities, including him, the ambassador but it could not be started on the birth anniversary of Quaid-e-Azam Mohammad Ali Jinnah, the founder of the nation.
Shah said that he had discussed KCR's financial close with the China-Pak Economic Corridor (CPEC) authorities, including the ambassador, but work on the KCR, as planned earlier, could not be started on the birthday of Quaid-i-Azam Mohammad Ali Jinnah.
ACWA Power has achieved the financial close of the three solar PV projects valued at US$190mn under the second round of Egypt Feed-in-Tariff programme II, with a total capacity of 165.
The intervention will trigger bankability and financial close of what will likely be the first utility-scale wind farm in Mozambique, contributing to reducing the significant peak-load gaps exhibited by the grid in Southern Maputo Province.
Saudi-based Acwa Power, a major developer, investor and operator of a portfolio of power generation and desalinated water production plants, has reached financial close of three solar PV projects under Round 2 of Egypt's Feed-in-Tariff programme II.
ACWA Power has reached financial close of the three solar PV projects under Round 2 of Egypt Feed-in-Tariff program II, with an aggregate capacity of 165.
Muscat: ACWA Power has reached financial close of the three solar PV projects under the second round of Egypt Feed-in-Tariff programme II, with an aggregate capacity of 165.
Eleven projects of 10,275MW achieved financial close and commenced construction.
Shah Jahan Mirza (SJM): The Suki Kinari Hydropower project in Khyber Pakhtunkhwa has recently achieved financial close.
BlackLine's cloud-based software platform helps organisations remain competitive, reduce risk and transform their existing finance and accounting (F&A) departments into modern finance organisations by automating key processes such as the financial close, account reconciliations, intercompany accounting and controls assurance.
Full browser ?