Phase II Effective Date definition
Examples of Phase II Effective Date in a sentence
Each of the representations and warranties made by each party hereto shall be true and correct as of the Phase II Effective Date in all material respects.
In the event that the Phase II Effective Date occurs prior to the Phase I Effective Date, WKEC shall pay to Big Rivers on the Phase II Effective Date, as an initial rental payment (the "Initial Rental Payment"), an amount equal to $[REDACTED], subject to adjustment as set forth in Section 9.3 of the Participation Agreement (PP Price adjustment).
COBANK, ACB, as Administrative Agent Name: Title: Dated as of: , 2013 CoBank, ACB ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: Administrative Agent Ladies and Gentlemen: This Phase II Effective Date Request is delivered to you under Section 2.1(b) of the Credit Agreement dated as of May 30, 2013 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among ▇▇▇▇▇ Limited Finance Corp.
In the event that the Phase II Effective Date occurs following the Phase I Effective Date but prior to the second anniversary of the Phase I Effective Date, an amount equal to the amount actually refunded by Big Rivers to LEM pursuant to Section 3.3(a) of the Power Purchase Agreement shall be due and payable hereunder by WKEC to Big Rivers on the Phase II Effective Date.
The proceeds of Loans made on the Phase II Effective Date shall be used (to the extent necessary) to repay in full the “Tranche A Loans” under and as defined in the 2012 Credit Agreement.
Upon the first to occur of the Phase I Effective Date or the Phase II Effective Date pursuant to Article 3 of this Agreement, if such date occurs prior to termination of this Agreement, the Original Participation Agreement shall terminate.
The proceeds of Loans made on the Phase II Effective Date (as defined in the Prior Credit Agreement) were used (to the extent necessary) to repay in full the “Tranche A Loans” under and as defined in the 2012 Credit Agreement (as defined in the Prior Credit Agreement).
Each of the conditions set forth in Section 4.3 shall be true as of the Phase II Effective Date.
The LG&E Parties have informed Big Rivers that they believe that, prior to the date hereof, the LG&E Parties received all applicable approvals from the FERC that were required from that commission for the Phase II Effective Date and the consummation by the LG&E Parties of the transactions contemplated in the Phase II Agreements.
Notwithstanding the foregoing, on the Phase II Effective Date, obligations outstanding under the Tax Note shall be consolidated into the Amended and Restated Note.