Action Memoranda Clause Samples
Action Memoranda. Receipt by DOE of one or more action memoranda executed by the Secretary of Energy approving and authorizing:
(A) the execution by DOE of the Financing Documents to which it is a party and the transactions contemplated thereby;
(B) any provisions in the Transaction Documents that constitute material changes to the terms and conditions set forth in the Term Sheet; and
(C) the apportionment of the Credit Subsidy Cost.
Action Memoranda. DOE shall have received an action memorandum executed by the Secretary of Energy authorizing: (i) the execution by DOE of the Financing Documents to which it is a party and (ii) any material changes to the terms and conditions set forth in the Term Sheet.
Action Memoranda. The Guarantor shall have received one or more action memoranda executed by the Secretary of Energy approving and authorizing:
(i) the execution by the Guarantor of the Financing Documents to which it is a party and the transactions contemplated thereby;
(ii) any provisions in the Transaction Documents that constitute material changes to the terms and conditions set forth in the Term Sheet; and
(iii) the apportionment of the Credit Subsidy Cost pursuant to Section 5.01(gg) (Credit Subsidy Cost).