Common use of Capacity Revenues Clause in Contracts

Capacity Revenues. In the event that after June 30, 2010, the Borrower or the Project Companies fail to qualify in respect of the capacity revenue level as set forth in the Debt Sizing Base Case (which includes a capacity revenue price of $1 per kilowatt per month) for each 6-month period after June 30, 2013, then Borrower shall make a mandatory prepayment in accordance with Section 3.2(c)(iii) not later than the next Payment Date after June 30, 2010 to the Administrative Agent, for the account of each Lender, in an amount equal to the difference between the capacity revenue level as set forth in the Debt Sizing Base Case for the applicable 6-month period and the actual capacity revenue level for which the Projects have qualified for such 6-month period.

Appears in 4 contracts

Samples: Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.)

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