Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. Unless the Closing Date shall have been postponed pursuant to SECTION 2.2(c), subject to the terms and conditions of this Agreement, the Owner Participant shall make the Owner Participant's Commitment available not later than 10:00 a.m., New York City time, on the Scheduled Closing Date, by transferring or delivering such amount, in funds immediately available on the Scheduled Closing Date to the Trust Company.

Appears in 2 contracts

Samples: Participation Agreement (Edison Mission Energy), Participation Agreement (Edison Mission Energy)

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Procedures for Funding. Unless the Closing Date shall have been postponed pursuant to SECTION 2.2(cSection 2.3(a), subject to the terms and conditions of this Participation Agreement, the Owner Participant shall make the Owner Participant's Commitment available not later than 10:00 a.m., New York City time, on the Scheduled Closing Date, by transferring or delivering such amount, in funds immediately available on the Scheduled such Closing Date to the Trust Company.

Appears in 2 contracts

Samples: Participation Agreement (PPL Montana LLC), Participation Agreement (PPL Montana LLC)

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Procedures for Funding. Unless the Closing Date shall have been postponed pursuant to SECTION Section 2.2(c), subject to the terms and conditions of this Agreement, the Owner Participant and the Original Lenders shall make the amount of their Commitments available to the Facility Owner Participant's Commitment available not later than 10:00 a.m., New York City time, on the Scheduled Closing Date, by transferring or delivering such amount, in funds immediately available on the Scheduled such Closing Date to the Trust CompanyFacility Owner in accordance with the applicable wire transfer instructions delivered prior to the Scheduled Closing Date.

Appears in 1 contract

Samples: Participation Agreement (Old Dominion Electric Cooperative)

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