Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. Unless the Closing Date shall have been postponed pursuant to SECTION 2.2(c), subject to the terms and conditions of this Agreement, the Owner Participant shall make the Owner Participant's Commitment available not later than 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 Trust Company.

Appears in 2 contracts

Sources: Participation Agreement (Edison Mission Energy), Participation Agreement (Edison Mission Energy)

Procedures for Funding. Unless the Closing Date shall have been postponed pursuant to SECTION 2.2(cSection 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 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 such Closing Date to the Trust Company.

Appears in 2 contracts

Sources: Participation Agreement (PPL Montana LLC), Participation Agreement (PPL Montana LLC)