Common use of Amount of Fundings Clause in Contracts

Amount of Fundings. Subject to the terms and conditions of this Participation Agreement and in reliance on the representations and warranties of each of the parties hereto contained herein or made pursuant hereto, upon receipt of an Advance Request, on each Advance Date Lessor shall, to the extent it has received amounts from the Participants, make the requested Advance and each Participant will fund its portion of such Advance, as and to the extent provided herein, in each case by making available to the Administrative Agent by wire transfer of immediately available funds in accordance with the instructions set forth in the Advance Request, an amount equal to (i) with respect to any Rent Assignee, the product of such Rent Assignee’s Commitment Percentage and the aggregate amount of the requested Advance and (ii) with respect to Lessor, the product of Lessor’s Commitment Percentage and the aggregate amount of the requested Advance. Notwithstanding the foregoing, (i) the Funding by each Participant (x) on any Advance Date shall not exceed such Participant’s Available Commitment and (y) of any Advance required to be made by such Participant on such Advance Date, together with all prior Fundings and future Advances to be made by such Participant as set forth in the Project Budget shall not exceed such Participant’s Commitment and (ii) the Advance to be made by the Participants on such Advance Date, together with all prior Fundings and future Advances to be made as set forth in the Project Budget, shall not exceed the Aggregate Commitment Amount. No amounts paid or prepaid with respect to Lessor Amount or the Rent Assignment Contributions may be readvanced.

Appears in 2 contracts

Samples: Participation Agreement (Norfolk Southern Corp), Participation Agreement

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Amount of Fundings. Subject to the terms and conditions of this Participation Agreement and in reliance on the representations and warranties of each of the parties hereto contained herein or made pursuant hereto, upon receipt of an Advance Request, on each Advance Date Lessor shall, to each Certificate Holder shall acquire its interest in the extent it has received amounts from the Participants, make the requested Advance Trust Estate and each Participant Lender will fund its portion of such assist in Funding Lessor's Advance, as and to the extent provided herein, in each case by making available to the Administrative Agent Lessor by wire transfer of immediately available funds in accordance with the instructions set forth in the Advance Request, Request an amount equal to (i) with respect to any Rent Assignee, the product of such Rent Assignee’s Participant's Commitment Percentage and of the aggregate amount of the requested Advance and (iiunless any portion of such Advance consists of amounts described in clause (iii) with respect of the next sentence of this Section 3.1(a), in which case such Participant will so make available funds equal to Lessor, the product of Lessor’s such Participant's Commitment Percentage and the aggregate amount of the requested Advanceportion of such Advance not consisting of Noneligible Accrued Amounts and each Certificate Holder will also make available funds equal to such Certificate Holder's Noneligible Accrued Amounts Commitment Percentage of the portion of the Advance consisting of Noneligible Accrued Amounts). Notwithstanding the foregoing, (i) the Funding by each Participant (x) on any such Advance Date shall not exceed such Participant’s 's Available Commitment and (y) of any Advance required to be made by such Participant on such Advance DateCommitment, together with all prior Fundings and future Advances to be made by such Participant as set forth in the Project Budget shall not exceed such Participant’s Commitment and (ii) before giving effect to such Advance, (x) the Advance to be made by the Participants Lessor to Lessee on such Advance Date, together with all prior Fundings and future Advances to be made as set forth in the Project Budget, shall Date does not exceed the Aggregate Commitment AmountAvailable Commitments and the Aggregate Available Commitments shall not be less than the Unfunded Future Payment Amounts and (iii) with respect to any Noneligible Accrued Amounts otherwise payable on any Advance Date, the Certificate Holders shall (subject to clauses (i) and (ii) above) Fund on a pro rata basis the portion of such Advance equal to the aggregate amount of such Noneligible Accrued Amounts. No amounts paid or prepaid with respect to Lessor any Certificate Amount or the Rent Assignment Contributions Loans may be readvanced, except amounts distributed to the Participants in reduction of their Loans pursuant to Section 5.3, but only to the extent such distribution is made from proceeds from a purchase by Lessee of a portion of the Assets pursuant to Section 18.1(d), 18.1(f), 18.1(h) or 18.1(i) of the Lease or the repayment of Excepted Costs pursuant to Section 3.5 of the Supervisory Agreement.

Appears in 1 contract

Samples: Participation Agreement (PPL Electric Utilities Corp)

Amount of Fundings. Subject to the terms and conditions of this Participation Transaction Agreement and in reliance on the representations and warranties of each of the Table of Contents parties hereto contained herein or made pursuant hereto, upon receipt of an Advance Request, on each Advance Date Lessor Administrative Agent shall, to the extent it has received amounts from the Participants, make the requested Advance Advance, and each Participant will fund its portion of such Advance, as and to the extent provided herein, in each case by making available to the Administrative Agent by wire transfer of immediately available funds in accordance with the instructions set forth in the Advance Request, an amount equal to (i) with respect to any Rent AssigneeParticipant Interest Party, the product of such Rent AssigneeParticipant Interest Party’s Commitment Percentage and the aggregate amount of the requested Advance and (ii) with respect to the Lessor, the product of Lessor’s Commitment Percentage and the aggregate amount of the requested Advance. Notwithstanding the foregoing, (i) the Funding by each Participant (x) on any Advance Date shall not exceed such Participant’s Available Commitment and (y) of any Advance required to be made by such Participant on such Advance Date, together with all prior Fundings and future Advances to be made by such Participant as set forth in the Project Budget shall not exceed such Participant’s Commitment and (ii) the Advance to be made by the Participants on such Advance Date, together with all prior Fundings and future Advances to be made as set forth in the Project Budget, shall not exceed the Aggregate Commitment Amount. No amounts paid or prepaid with respect to the Lessor Amount or the Rent Assignment Participant Interest Contributions may be readvanced.

Appears in 1 contract

Samples: Transaction Agreement (Corning Inc /Ny)

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Amount of Fundings. Subject to the terms and conditions of this Participation Agreement and in reliance on the representations and warranties of each of the parties hereto contained herein or made pursuant hereto, upon receipt of an the Advance Request, on each Advance the Document Closing Date the Lessor shall, to the extent it has received amounts from the Participants, make the requested Advance and each Participant will fund its portion of such the Advance, as and to the extent provided herein, in each case by making available to the Administrative Agent by wire transfer of immediately available funds in accordance with the instructions set forth in the Advance Request, an amount equal to (i) with respect to any Rent AssigneeLender, the product of such Rent AssigneeLender’s Commitment Percentage and the aggregate amount of the requested Advance and (ii) with respect to the Lessor, the product of Lessor’s Commitment Percentage and the aggregate amount of the requested Advance. Notwithstanding the foregoing, (ix) the Funding by each Participant (x) on any Advance the Document Closing Date shall not exceed such Participant’s Available Commitment and (y) of any Advance required to be made by such Participant on such Advance Date, together with all prior Fundings and future Advances to be made by such Participant as set forth in the Project Budget shall not exceed such Participant’s Commitment and (iiy) the Advance to be made by the Participants on such Advance the Document Closing Date, together with all prior Fundings and future Advances to be made as set forth in the Project Budget, shall not exceed the Aggregate Commitment Amount. No amounts paid or prepaid with respect to Lessor Amount or the Rent Assignment Contributions Loans may be readvanced.

Appears in 1 contract

Samples: Participation Agreement (Regeneron Pharmaceuticals Inc)

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