Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. Unless the Closing Date has 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 at the time of Closing on the Scheduled Closing Date by transferring or delivering such amount, in funds immediately available on the Scheduled Closing Date to the Owner Lessor, PROVIDED, HOWEVER, that the Owner Participant may elect at its sole discretion to make available all or any portion of the Owner Participant's Commitment by transferring or delivering any such amount, in funds immediately available at the time of the closing on the Closing Date, directly to an account maintained by ▇▇▇▇▇ City specified by ▇▇▇▇▇ City for such purpose.

Appears in 2 contracts

Sources: Participation Agreement (Eme Homer City Generation Lp), Participation Agreement (Eme Homer City Generation Lp)

Procedures for Funding. Unless the Closing Date has been postponed pursuant to SECTION Section 2.2(c), subject to the terms and conditions of this Agreement, the Owner Participant shall make the Owner Participant's Commitment available at the time of Closing on the Scheduled Closing Date by transferring or delivering such amount, in funds immediately available on the Scheduled Closing Date to the Owner Lessor, PROVIDEDprovided, HOWEVERhowever, that the Owner Participant may elect at its sole discretion to make available all or any portion of the Owner Participant's Commitment by transferring or delivering any such amount, in funds immediately available at the time of the closing on the Closing Date, directly to an account maintained by ▇▇▇▇▇ City specified by ▇▇▇▇▇ City for such purpose.

Appears in 1 contract

Sources: Participation Agreement (Eme Homer City Generation Lp)

Procedures for Funding. Unless the Closing Date has been postponed pursuant to SECTION 2.2(c2.2(C), subject to the terms and conditions of this Agreement, the Owner Participant shall make the Owner Participant's Commitment available at the time of Closing on the Scheduled Closing Date by transferring or delivering such amount, in funds immediately available on the Scheduled Closing Date to the Owner Lessor, PROVIDED, HOWEVER, that the Owner Participant may elect at its sole discretion to make available all or any portion of the Owner Participant's Commitment by transferring or delivering any such amount, in funds immediately available at the time of the closing on the Closing Date, directly to an account maintained by ▇▇▇▇▇ City specified by ▇▇▇▇▇ City for such purpose.

Appears in 1 contract

Sources: Participation Agreement (Eme Homer City Generation Lp)