Common use of Preliminary Determination Clause in Contracts

Preliminary Determination. The Intercreditor Agent and the Credit Facility Agent shall have received (i) a preliminary determination (together with reasonably detailed calculations therefor) at least 15 Business Days prior to the proposed Project Phase 2 Completion Date and (ii) a final determination (together with reasonably detailed calculations therefor) at least five Business Days prior to the proposed Project Phase 2 Completion Date, in each case, of the amount of the final advance of Term Loans and the payments and transfers to be applied pursuant to Section 14.4(c) (Project Phase 2 Completion Date Waterfall), in each case, in form and substance reasonably satisfactory to the Credit Facility Agent acting in consultation with the Independent Engineer.

Appears in 2 contracts

Sources: Common Terms Agreement (Venture Global, Inc.), Common Terms Agreement (Venture Global, Inc.)

Preliminary Determination. The Intercreditor Agent and the Credit Facility Agent shall have received (i) a preliminary determination (together with reasonably detailed calculations therefor) at least 15 10 Business Days prior to the proposed Project Phase 2 1 Completion Date and (ii) a final determination (together with reasonably detailed calculations therefor) at least five Business Days prior to the proposed Project Phase 2 1 Completion Date, in each case, of the amount of the final advance of Term Loans and the payments and transfers to be applied pursuant to Section 14.4(c14.2(c) (Project Phase 2 1 Completion Date Waterfall), in each case, in form and substance reasonably satisfactory to the Credit Facility Agent acting in consultation with the Independent Engineer.

Appears in 1 contract

Sources: Common Terms Agreement (Venture Global, Inc.)