Common use of Application of Advances Clause in Contracts

Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;

Appears in 2 contracts

Samples: Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp)

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Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New the AD48 FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;; (j)

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New the AB-8 FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New the AC-8 FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New V-8 FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

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Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New R-8 FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New S-8 FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

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