Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. Subject to the terms and conditions of this Participation Agreement, the Owner Participant shall make the Owner Participant's Commitment available not later than 9:00 a.m., New York City time, on the Closing Date, by transferring or delivering such amount, in funds immediately available on the Closing Date to the Owner Trust.

Appears in 2 contracts

Sources: Participation Agreement (Aes Eastern Energy Lp), Participation Agreement (Aes Eastern Energy Lp)

Procedures for Funding. Subject to the terms and conditions of this Participation Agreement, the Owner Participant shall make the Owner Participant's Commitment available not later than 9:00 10:00 a.m., New York City time, on the Scheduled Closing Date, by transferring or delivering such amount, in funds immediately available on the Scheduled Closing Date to the Owner TrustTrust Company.

Appears in 2 contracts

Sources: Participation Agreement (Mirant Mid Atlantic LLC), Participation Agreement (Mirant Mid Atlantic LLC)

Procedures for Funding. Subject Unless the Closing Date shall have been ---------------------- postponed pursuant to Section 2.3(a), subject to the terms and conditions of this Participation Agreement, the Owner Participant shall make the Owner Participant's Commitment available not later than 9:00 10:00 a.m., New York City time, on the Closing Date, by transferring or delivering such amount, in funds immediately available on the such Closing Date to the Owner TrustTrust Company.

Appears in 1 contract

Sources: Participation Agreement (Dynegy Danskammer LLC)

Procedures for Funding. Subject Unless the Closing Date shall have been postponed pursuant to Section 2.2(c), subject to the terms and conditions of this Participation Agreement, the Owner Participant and the Lender shall make the Owner Participant's Commitment amount of their Commitments available not later than 9:00 10:00 a.m., New York City time, on the Scheduled Closing Date, by transferring or delivering such amount, in funds immediately available on the such Closing Date to the Owner TrustNon-Georgia Trust Company.

Appears in 1 contract

Sources: Participation Agreement (Oglethorpe Power Corp)

Procedures for Funding. Subject to the terms and conditions of this Participation Agreement, the Owner Participant shall make the its Owner Participant's Commitment available not later than 9:00 10:00 a.m., New York City time, on the Closing Date, by transferring or delivering such amount, in funds immediately available on the such Closing Date to the Owner TrustTrust Company; and the Pass Through Trustee shall make its payment for the purchase of Lessor Notes available to the Trust Company not later than 10:30 a.m., New York City time, on the Closing Date, by transferring or delivering such amount, in funds immediately available on such Closing Date.

Appears in 1 contract

Sources: Participation Agreement (Reliant Energy Mid Atlantic Power Services Inc)

Procedures for Funding. Subject Unless the Closing Date shall have been postponed pursuant to Section 2.3 (a), subject to the terms and conditions of this Participation Agreement, the Owner Participant shall make the Owner Participant's ’s Commitment available not later than 9:00 10:00 a.m., New York City time, on the Scheduled Closing Date, by transferring or delivering such amount, in funds immediately available on the such Closing Date Date, to the Owner TrustParticipant’s account with the Trust Company.

Appears in 1 contract

Sources: Participation Agreement (Tennessee Valley Authority)