Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.
Existing Facility. The Existing Facility shall be repaid in full and terminated.
Existing Facility. The Administrative Agent shall have received a certificate, signed by an Authorized Officer of APA, stating that APA or its Subsidiaries have terminated in full and reduced to zero all Commitments under, and as defined in, the Existing Credit Facility.
Existing Facility. The Interconnection Customer will design and construct the GSU Transformer Station, the Chautauqua Line and the Interconnection Customer Interconnection Facilities, in accordance with the Facilities Study Report dated March 5, 2009, and to the extent not inconsistent with the terms of this Agreement and the NYISO OATT, in accordance with (1) the applicable requirements of the Connecting Transmission Owner, as set out in National Grid Electric System Bulletin 756, and (2) the Connecting Transmission Owner’s project specific electrical requirements, as documented in the project’s Specification for Electrical Installation dated March 5, 2009 and as such specifications may be amended or superseded during final design under this Interconnection Agreement. The Interconnection Customer has elected to design and construct the Chautauqua Line that will run from the receiving structure at the GSU Transformer Station to the POI on the Xxxxxxxxx-South Dow Line #859. Line design must be completed by a Connecting Transmission Owner approved New York State licensed design professional and submitted to the Connecting Transmission Owner for review and approval. Construction of the line must be completed by a Connecting Transmission Owner approved contractor. Design and construction shall be in accordance with the National Grid Electric System Bulletin 756: Requirements for Parallel Generation Connected to National Grid Owned EPS (“ESB 756”), the latest edition of applicable ANSI and IEEE Standards, the “National Electrical Safety Code,” and good engineering practice. The Interconnection Customer is responsible for: (i) obtaining all permits and easements associated with the Chautauqua Line construction, and (ii) completing all clearing required. The Interconnection Customer will transfer ownership of the Chautauqua Line to the Connecting Transmission Owner upon completion and commissioning for $1.00 (one dollar). The Interconnection Customer will complete the line tap at GSU Transformer Station, as part of the line construction. The Interconnection Customer will provide and install the two (2) high-accuracy- extended-range Xxxxxxx (CXM 200) CTs and two (2) Xxxxxxx (POF 200) PTs on the 34.5 kV side and the metering socket. The Interconnection Customer will mount the RTU, and wire AC & DC to it.
Existing Facility. The Connecting Transmission Owner will design and construct the line tap at the Point of Interconnection to the Xxxxxxxxx-South Dow Line #859. The Connecting Transmission Owner will provide, install, test and commission the revenue metering in the Interconnection Customer’s GSU Transformer Station. The Connecting Transmission Owner will wire in the Meter RS-485 communication loop to the RTU, make final termination of the Telco circuit into the Communication Gateway, and test and commission the RTU.
Existing Facility. All indebtedness (including, without limitation, all accrued interest and fees) under the Existing Facility (other than indebtedness with respect to Existing Letters of Credit) shall be refinanced and replaced by the Revolving Credit Facility and the Administrative Agent shall make such transfers of funds as are necessary in order that the outstanding balance of such Loans, together with any Loans funded on the Closing Date, reflect the respective Revolving Credit Commitment of the Lenders hereunder.
Existing Facility. On the Closing Date, all revolving credit loans under the Existing Facility (the "Existing Revolving Credit Loans") shall be deemed Revolving Credit Loans hereunder and such Revolving Credit Loans shall be reallocated to each Lender according to the Commitment Percentage of such Lender hereunder, (ii) there shall have been paid in cash in full all accrued but unpaid interest due on the Existing Revolving Credit Loans to but excluding the Closing Date, (iii) there shall have been paid in cash in full all accrued but unpaid fees due under the Existing Facility to but excluding the Closing Date and all other amounts, costs and expenses then owing to any of the lenders and/or the agent under the Existing Facility and (iv) all outstanding revolving credit notes issued by the borrowers to the lenders under the Existing Facility shall be deemed canceled and the originally executed copies thereof shall be promptly returned to the Administrative Agent who shall forward such revolving credit notes to the Borrower.
Existing Facility. Evidence that all amounts outstanding under the Existing Facility have been or will be repaid and cancelled in full on or before the first Utilisation Date.
Existing Facility. The Administrative Agent shall have received a written confirmation from Citibank N.A. in its capacity as administrative agent under the Existing Facility that all amounts due and payable under the Existing Facility have been unconditionally and irrevocably discharged in full and no lender thereunder shall be obliged to make any further advances.
Existing Facility. The Existing Facility shall be repaid in full and terminated and all collateral security therefore shall be released, and the Bank shall have received a pay-off letter in form and substance satisfactory to it evidencing such repayment, termination, reconveyance and release.
