Aggregate Advances Clause Samples

Aggregate Advances. Receipt of evidence by DOE that the aggregate principal amount of all Advances, after giving effect to the Advances to be made on such Requested Advance Date, do not exceed the Maximum Loan Amount.

Aggregate Advances. Receipt of evidence that the aggregate principal amount of all outstanding Advances made with respect to any Project under the Loans, after giving effect to such Advance, does not exceed the Project Maximum Loan Amount with respect to such Project and that the aggregate principal amount of all outstanding Advances made with respect to all Projects under the Loans, after giving effect to such Advance, does not exceed the Maximum Total Loan Amount;

Aggregate Advances. A certificate of a Responsible Officer of the Borrower and supporting information that the aggregate principal amount of all Advances (together with all capitalized interest thereon), after giving effect to the Advances to be made on such Requested Advance Date and application of the proceeds thereof to the payment of Eligible Project Costs contemplated in the Master Advance Notice, does not exceed the Maximum Loan Amount.

Aggregate Advances. Receipt of evidence by DOE that the aggregate principal amount of all Advances, after giving effect to the Advances to be made on such Requested Advance Date, 1 For the avoidance of doubt, below is an illustrative example. If: (1) [***] in total capex (without contingency) to reach COD; (2) DOE Advances are [***] (calculated for this example as 55% of total capex costs, not including DSRA funding or contingency); (3) total forecasted equity required to reach COD is [***]; (4) cash on hand is $[***]. Then the Phase 2 Equity Cap would equal [***]. If on a future date the calculation of the Phase 2 Equity Cap would be equal to [***], then the Phase 2 Equity Cap would be decreased by the product of [***] (the difference between the Phase 2 Equity Cap as originally calculated and the calculation of the Phase 2 Equity Cap on such future date) and 10%. do not exceed the Maximum Guaranteed Loan Amount or the Maximum Tranche Amount for the Tranche under which such Advance is being made.

Aggregate Advances. Evidence that (i) the aggregate principal amount of all outstanding Advances made with respect to any Project under the Notes, after giving effect to the Advances to be made on the Requested Advance Date, do not exceed the Project Maximum Loan Amount with respect to such Project, (ii) the aggregate principal amount of all outstanding Advances made with respect to all Projects under the Notes, after giving effect to such Advances, do not exceed the Maximum Total Loan Amount, (iii) the aggregate principal amount of all outstanding Advances made under Note A does not exceed the Maximum Total Loan A Amount, (iv) the aggregate principal amount of all outstanding Advances made under Note B does not exceed the Maximum Total Loan B Amount and (v) the Borrower has made all Borrower Project Payments required pursuant to Section 7.13 (Borrower Project Commitment).

Aggregate Advances. In the case of each Advance, a certificate of a Responsible Officer of the Borrower and supporting information that the aggregate principal amount of: (i) all Note A Advances (together with all capitalized interest thereon), after giving effect to the Advances to be made on such Requested Advance Date, does not exceed the Note A Maximum Loan Amount, and (ii) all Note B Advances (together with all capitalized interest thereon), after giving effect to the Advances to be made on such Requested Advance Date, does not exceed the Note B Maximum Loan Amount.

Aggregate Advances. DOE shall have received evidence satisfactory to it that (i) the aggregate principal amount of all outstanding Advances made with respect to any Project under the Notes, after giving effect to the Advances to be made on the Requested Advance Date, do not exceed the Project Maximum Loan Amount with respect to such Project, subject to adjustment as provided in Section 2.12(h) to the extent applicable, and (ii) the aggregate principal amount of all outstanding Advances made with respect to all Projects under the Notes, after giving effect to such Advances, do not exceed the Maximum Total Loan Amount, subject to adjustment as provided in Section 2.12(h) to the extent applicable.