Lien Releases. With respect to only a Construction Borrowing or a Vista Expansion Borrowing all or a portion of the proceeds of which are used for the payment of any Project Costs payable under any EPC Contract, the Administrative Agent shall have received duly executed acknowledgments of payments and partial releases of mechanics’ and materialmen’s liens, in the form attached to such EPC Contract, from such EPC Contractor to the extent provided to the applicable Project Company pursuant to such EPC Contract; provided that such releases may be conditioned upon receipt of payment with respect to the work, services and materials to be paid for with the requested funds.
Appears in 3 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Lien Releases. With respect to only a Construction Borrowing or a Vista Expansion Borrowing all or a portion of the proceeds of which are used for the payment of any Project Costs payable under any the EPC Contract, the Administrative Agent shall have received duly executed acknowledgments of payments and partial releases of mechanics’ and materialmen’s liens, in the form attached to such the EPC Contract, from such the EPC Contractor to the extent provided to the applicable Project Company Borrower pursuant to such the EPC Contract; provided that such releases may be conditioned upon receipt of payment with respect to the work, services and materials to be paid for with the requested funds.
Appears in 2 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
