Common use of Construction Requisition Clause in Contracts

Construction Requisition. At least five Business Days prior to such date, the Borrower shall have provided the Administrative Agent and the Independent Engineer with a Construction Requisition, dated the date of delivery of such certificate, setting forth the date of the proposed Construction Credit Event, certifying, among other things, that the Project is reasonably expected to achieve the Commercial Operation Date by the Date Certain and the Borrower is reasonably expected to achieve Term Conversion by the Term Conversion Date Certain and that the Loan Parties have sufficient funds (taking into account amounts on deposit in the Construction Account and the Local Accounts, and remaining availability under the Construction Facility) to achieve Term Conversion.