True Up Funding Date definition

True Up Funding Date means, with respect to a Tranche, the first Business Day on which the satisfaction or waiver of all of the True Up Funding Date Conditions Precedent for such Tranche occurs.
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True Up Funding Date is defined in the ECCA.
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Examples of True Up Funding Date in a sentence

  • On each True Up Funding Date, subject to satisfaction of the conditions set forth in Section 6.4, the Equity Investors shall make capital contributions and deposits and apply funds in accordance with Section 2.6 hereof.

  • The Class B Member has previously delivered to the Investor true, correct and complete copies of the Facility Company’s organizational documents, with all amendments thereto, in effect as of the date thereof, and, except as otherwise delivered to the Investor, there have been no changes, amendments, modification or terminations of such organizational documents as of the Initial Funding Date or True Up Funding Date, as applicable.

  • Except as provided in Sections 3.3, 3.6 and 5.4(b), no Member shall be obligated to make Capital Contributions in excess of the amount of such Member’s required Capital Contribution made on any additional Initial Funding Date or True Up Funding Date.

  • The Parties acknowledge and agree that, in accordance with Section 6.4(j) of the ECCA, delivery to the Investor of an updated Base Case Model, including a compilation report, rerun to reflect actual applicable Facility Costs and all other updated model inputs (including the effect of any Tax Law Change), in form and substance reasonably satisfactory to the Investor, shall be a True Up Funding Date Condition Precedent to the True Up Funding Date for the Facility to be installed pursuant to the [***] PPA.

  • As of a True Up Funding Date, each Facility in the applicable Tranche has achieved Commercial Completion.

  • Notwithstanding anything contained herein to the contrary, (a) the aggregate amount paid as the Investor Initial Funding Date Contributions and the Investor True Up Funding Date Contributions shall not exceed the Investor Commitment Amount, (b) the Investor shall not be required to make more than one Investor Initial Funding Date Contribution per each [***] day period and (c) the Investor shall not be required to make more than one Investor True Up Funding Date Contribution per each [***] day period.

  • As of a True Up Funding Date, each Facility in the applicable Tranche has achieved Commercial Completion, and, as of the Initial Funding Date for such Facility, the Facility Purchase Conditions were true and correct for such Facility.

  • As of the True Up Funding Date, each Facility in the applicable Tranche has achieved Commercial Completion, and, as of the time the Facility Company purchased each such Facility, the Facility Purchase Conditions were true and correct for such Facility.

  • The Lender shall have received satisfactory evidence that the Required Equity Contribution with respect to the relevant System(s) has been funded and disposed of in accordance with the Equity Funding Agreement and the Pledgor LLC Agreement, and that all conditions to the True Up Funding Date under, and as defined in, the Equity Funding Agreement have been satisfied with respect to the relevant System(s).

  • Except as provided in Sections 3.3, 3.6 and 5.4(b), no Member shall be obligated to make Capital Contributions in excess of the amount of such Member’s required Capital Contribution made on the Effective Date or any additional Initial Funding Date or True Up Funding Date thereafter.

Related to True Up Funding Date

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Single Family Agreement, if applicable, or disposition of all Assets pursuant to this Agreement or the Single Family Agreement, if applicable. EXHIBIT 2.5

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Ending Date means the last day of each Offering Period.

  • Refunding Date as defined in Section 2.7.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Step-Out Date means the date that is 20 Business Days after the date of a Step-Out Notice;

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.02.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2020.

  • Step-Down Date The earliest of the Distribution Date in [MONTH/YEAR] or any succeeding Distribution Date on which the following conditions are satisfied as of the last day of the month preceding such Distribution Date:

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.