Common use of Partial Funding Clause in Contracts

Partial Funding. During the first six (6) years following the Date of this Agreement (the "Partially Funded Period") the O & M Reserve and the Asset Replacement Reserve, for any Remedial Work may be funded either: a. at the time funding is provided for the Remedial Work; or, b. at the earlier of the date that the construction of the Remedial Work is complete or two (2) years following approval of the funding for the construction of the Remedial Work, provided, in either such case, that in the reasonable opinion of the Corporate Trustee, based on its determination under subsection 9.6.4 of this Article, the assumption that the Tataskweyak Trust will be funded in accordance with the Financial Schedule, and in contemplation of the date that operations are scheduled to commence, there will be a sufficiency of Income and Capital available following completion of construction of the Remedial Work to fund the O & M Reserve and the Asset Replacement Reserve.

Partial Funding. During the first six (6) years following the Date of this Agreement (the "Partially Funded Period") the O & M Reserve and the Asset Replacement Reserve, for any Remedial Work may be funded either: a. at ▇. ▇▇ the time funding is provided for the Remedial Work; or, b. at ▇. ▇▇ the earlier of the date that the construction of the Remedial Work is complete or two (2) years following approval of the funding for the construction of the Remedial Work, provided, in either such case, that in the reasonable opinion of the Corporate Trustee, based on its determination under subsection 9.6.4 of this Article, the assumption that the Tataskweyak Trust will be funded in accordance with the Financial Schedule, and in contemplation of the date that operations are scheduled to commence, there will be a sufficiency of Income and Capital available following completion of construction of the Remedial Work to fund the O & M Reserve and the Asset Replacement Reserve.