Common use of Permitted Application Clause in Contracts

Permitted Application. Such Alternatively Sourced Equity Contributions shall be, or have been, disbursed in accordance with Section 4.1.2 of the Depositary Agreement and used to pay Project Costs in accordance with the Borrower Budget and/or the Project Budget for the Subject Project.

Appears in 2 contracts

Samples: Credit Agreement (Pg&e Corp), Credit Agreement (Pacific Gas & Electric Co)

AutoNDA by SimpleDocs

Permitted Application. Such (a) If such Alternatively Sourced Equity Contributions consist of Excess Cash Flow Contributions and/or Other Proceeds Contributions, such Alternatively Sourced Equity Contributions shall be, or shall have been, disbursed in accordance with Section 4.1.2 of the Depositary Agreement and used to pay Project Costs in accordance with the Borrower Budget and/or the Project Budget for the Subject Project.

Appears in 2 contracts

Samples: Waiver and Amendment Agreement (Pg&e Corp), Waiver and Amendment Agreement (Pacific Gas & Electric Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.