Common use of Mandatory Prepayment Events Clause in Contracts

Mandatory Prepayment Events. Upon the occurrence of a Mandatory Prepayment Event: (i) DOE may (A) suspend or terminate the commitment to guarantee any further Advances and (B) shall not be required to (1) review any Advance Notice or (2) forward to FFB any FFB Advance Request Approval Notice; and (ii) DOE may deliver a Mandatory Prepayment Notice to the Borrower.

Appears in 2 contracts

Sources: Loan Guarantee Agreement (Georgia Power Co), Loan Guarantee Agreement (Georgia Power Co)