Common use of Proposed Underlying Financing Clause in Contracts

Proposed Underlying Financing. Borrower Agent may from time to time request financing of a Nominated Financing that does not meet the requirements of an Eligible Nominated Financing by delivering a written request to Administrative Agent (each, a “Proposed Nominated Financing”). Administrative Agent shall endeavor to notify Borrower Agent within five (5) Business Days whether Administrative Agent will agree or decline to review and diligence the Proposed Nominated Financing for potential financing under this Loan Facility. The Borrowers agree that any such decision shall be in the sole discretion of Administrative Agent. If Administrative Agent agrees to review and diligence the Proposed Nominated Financing (such review at all times subject to Section 7.2.1), Borrower Agent shall present to Administrative Agent a complete Proposal Package, including all reports, documents and information specified on Appendix 2A, B or C, as applicable, and all other documents and information requested by Administrative Agent. Borrowers and Administrative Agent will thereafter agree as to the period of time Administrative Agent shall have to review and diligence such Proposal Package.

Proposed Underlying Financing. Borrower Agent may from time to time request financing of a Nominated Financing that does not meet the requirements of an Eligible Nominated Financing (including, without limitation, a financing request in respect of a project other than solar or wind) by delivering a written request to Administrative Agent (each, a “Proposed Nominated Financing”). Administrative Agent shall endeavor to notify Borrower Agent within five (5) Business Days whether Administrative Agent will agree or decline to review and diligence the Proposed Nominated Financing for potential financing under this Loan Facility. The Borrowers agree that any such decision shall be in the sole discretion of Administrative Agent. If Administrative Agent agrees to review and diligence the Proposed Nominated Financing (such review at all times subject to Section 7.2.1), Borrower Agent shall present to Administrative Agent a complete Proposal Package, including all reports, documents and information specified on Appendix 2A, B or C, as applicable, 2 and all other documents and information requested by Administrative Agent. Borrowers and Administrative Agent will thereafter agree as to the period of time Administrative Agent shall have to review and diligence such Proposal Package.