Requisition definition
Examples of Requisition in a sentence
Borrower shall have certified through delivery of a Construction Requisition and the Independent Engineer shall have confirmed through the delivery of the IE Requisition Certificate that the Available Construction Funds shall not be less than the aggregate unpaid amount required to cause the Commercial Operation Date to occur in accordance with all Legal Requirements and the Construction and Equipment Contracts prior to the Commercial Operation Longstop Date.
Borrower shall have certified through delivery of a Construction Requisition that the Loan-to-Eligible Project Costs Ratio is no greater than the Maximum Loan-to-Eligible Project Costs Ratio at the time of and immediately after giving effect to such Borrowing.
For the avoidance of doubt, ▇▇▇▇▇▇▇▇ shall not be required to deliver an amended IE Requisition in connection with a Notice of Non-Approved Amount.
Any Construction Requisition may be modified or revoked by Borrower by written notice thereof to Lender and Administrative Agent prior to the Minimum Notice Period, and shall thereafter be irrevocable.