Common use of Funded Projects Clause in Contracts

Funded Projects. In the event such Turbine Purchase Credit Event occurs after the second anniversary of the Closing Date, at least three Subsequent Projects and all Initial Projects shall be Funded Projects.

Appears in 1 contract

Sources: Credit Agreement (Calpine Corp)

Funded Projects. (a) In the event such Turbine Purchase Credit Event occurs after the first anniversary of the Closing Date, at least ten Initial Projects shall be Funded Projects. (b) In the event such Turbine Purchase Credit Event occurs after the second anniversary of the Closing Date, at least three two Subsequent Projects and all Initial Projects shall be Funded Projects.

Appears in 1 contract

Sources: Credit Agreement (Calpine Corp)