Upwind Array definition
Examples of Upwind Array in a sentence
In the event that an Upwind Array Event shall occur, then within ninety (90) days of such event (such date the “Adjustment Date”), Borrower shall calculate and deliver to the Administrative Agent a Projected Debt Service Coverage Ratio as of such date using the applicable Base Case Project Projections updated with any changes needed solely to take into account the effect, if any, of such Upwind Array Event on the expected power production of any Project, as determined by the Independent Engineer.
Administrative Agent (in consultation with the Independent Engineer) shall notify Borrower in writing of any corrections, changes or adjustments relating solely to the Upwind Array Event to be made to such Projected Debt Service Coverage Ratios.
Upon any full or partial payment of the Upwind Array Event Amount, the Amortization Schedule shall be amended and revised to take into account the amount of such prepayment.
Permit the Sponsor and its Subsidiaries to cause an Upwind Array Event.
In the event that there occurs an Upwind Array Event and the Projected Debt Service Coverage Ratio, calculated as of each remaining Repayment Date, fails to demonstrate at least the Minimum Projected Debt Service Coverage Ratio for either production scenario, then Borrower shall make a mandatory prepayment in accordance with Section 2.8(c)(vi).
To the extent that the aggregate amount of Notes and any other Senior Indebtedness permitted under Section 10.5 that has a substantially similar provision requiring repayment in such event tendered pursuant to an Offer to Prepay is less than the amount of the Upwind Array Prepayment Amount, the Company shall subsequently prepay the remainder of the Notes and such other Senior Indebtedness that are so tendered, until the Minimum DSCR can be achieved after giving effect to such prepayment.