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

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