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.