Fuel Supply Coverage Event Sample Clauses

Fuel Supply Coverage Event. (a) Upon the Disbursement Agent's receipt of a written notice from the LOC Provider and the Debt Service Reserve LOC Provider that there has occurred and is continuing a Fuel Supply Coverage Event, the Disbursement Agent shall, provided that the Partnership certificate referred to in Section 5.24 of the Indenture has been delivered to the Disbursement Agent, transfer monies on the Interest Payment Date next succeeding the date on which the Disbursement Agent receives the notice specified above (unless such notice is received on an Interest Payment Date in respect of an Indexation Event, in which case such transfer shall be made on such Interest Payment Date) from the Partnership Distribution Account (i) first, to the DSR LOC Collateralization Fund in an amount up to the then Outstanding Amount of the Debt Service Reserve Letter of Credit (which such amount may not exceed $29,925,906) less (A) any amount then on deposit in the DSR LOC Collateralization Fund and (B) any amount then on deposit in the trust account described in Section 3.10(d)(ii) of this Disbursement Agreement, and (ii) second, to (A) the ESA LOC Collateralization Fund in an amount up to the then Outstanding Amount of the ESA Letter of Credit (which such amount may not exceed $10,000,000) less any amount then on deposit in the ESA LOC Collateralization Fund, and (B) the QF LOC Collateralization Fund in an amount up to the then Outstanding Amount of the FPL QF Letter of Credit (which such amount may not exceed $5,000,000) less any amount then on deposit in the QF LOC Collateralization Fund and, in the cases of clauses (ii)(A) and (B) above, less (without duplication) any amount then on deposit in the trust account described in Section 3.10(d)(i) of this Disbursement Agreement; provided, however, that if monies in the Partnership Distribution Account are insufficient on any date to make the payments specified in this Section 4.3(a), distribution of monies shall be made first, to the recipient specified in Section 4.3(a)(i) up to the maximum amount required thereunder and, second, ratably to the recipients specified in Sections 4.3(a)(ii)(A) and (B), based on the respective amounts owing such recipients; provided further that with respect to any Fuel Supply Coverage Event that is an Indexation Event, the Disbursement Agent shall not transfer any monies to the DSR LOC Collateralization Fund, the ESA LOC Collateralization Fund, or the QF LOC Collateralization Fund to the extent such monies were cr...
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Related to Fuel Supply Coverage Event

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Payments within Six (6) Months Except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company has not made any direct or indirect payments (in cash, securities or otherwise) to: (i) any person, as a finder’s fee, consulting fee or otherwise, in consideration of such person raising capital for the Company or introducing to the Company persons who raised or provided capital to the Company; (ii) any FINRA member; or (iii) any person or entity that has any direct or indirect affiliation or association with any FINRA member, within the six (6) months immediately prior to the original filing of the Registration Statement, other than the payment to the Underwriters as provided hereunder in connection with the Offering.

  • Asset Coverage The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • MINIMUM CESSION The minimum amount of reinsurance per cession that THE REINSURER will accept is shown in Schedule A.

  • Cash Flow Coverage The Borrower shall maintain at all times a Cash Flow Coverage of not less than one hundred twenty five percent (125%), calculated at the end of each fiscal quarter (using a rolling four quarters of Net Income).

  • Tolling Period If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

  • Tail Coverage In the event of a Change of Control or the Company’s becoming insolvent (including being placed into receivership or entering the federal bankruptcy process and the like), the Company shall maintain in force any and all insurance policies then maintained by the Company in providing insurance (directors’ and officers’ liability, fiduciary, employment practices or otherwise) in respect of Indemnitee, for a period of six years thereafter.

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

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