Common use of The Phase Clause in Contracts

The Phase. I Equity Financing shall have been consummated, and the Borrower shall have received, as a common capital contribution from Holdings, gross cash proceeds of not less than $655,000,000 from the Phase I Equity Financing. The Administrative Agent shall have received copies of all instruments, agreements or other documents evidencing the Phase I Equity Financing, certified by a Financial Officer as complete and correct.