Common use of Amendments; New Agreements Clause in Contracts

Amendments; New Agreements. It shall not, and shall cause each Eligible Qualified Project Company not to, without the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed), (i) cancel or terminate, or accept or consent to a cancellation or termination of, any Material Project Document to which it is a party or such Eligible Qualified Project Company is a party, if such Material Project Document relates to revenues received by the Guarantor or such Eligible Qualified Project Company with respect to the applicable Eligible Qualified Project in an amount equal to or greater than $15,000,000 calculated over the term of the agreement, unless any such termination or cancellation is being effectuated contemporaneously with the execution of a new replacement Material Project Document providing for revenues to be received with respect to the applicable Eligible Qualified Project that, when aggregated with revenues under the Material Project Document being replaced, are in an amount equal to or greater than $15,000,000 calculated over the term of both agreements; (ii) until the earlier to occur of the Budget Termination Event or the Release Event, amend, supplement or modify, or enter into any amendment, supplement or modification to, any Material Project Document to which it is a party or such Eligible Qualified Project Company is a party, the effect of which results in increased scheduled payments to be made by it or the applicable Eligible Qualified Project Company in an amount equal to or greater than $3,000,000 calculated over the term of the amended agreement; or (iii) until the earlier to occur of the Budget Termination Event or the Release Event, enter into any new Material Project Document to which it would be a party or such Eligible Qualified Project Company would be a party, which would result in scheduled payments to be made by it or the applicable Eligible Qualified Project Company in an amount equal to or greater than $15,000,000 over the term of such new agreement, unless, in the case of this clause (iii), entry into such Material Project Document is permitted under Section 3(f).

Appears in 4 contracts

Samples: www.sec.gov, Confidential Treatment (First Wind Holdings Inc.), Confidential Treatment (First Wind Holdings Inc.)

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