Common use of Available Construction Funds Clause in Contracts

Available Construction Funds. Available Construction Funds shall not be less than the aggregate unpaid amount of Project Costs required to cause the Completion Date of all Initial Projects and Funded Subsequent Projects that have not achieved Completion to occur in accordance with all Legal Requirements and the Construction Contracts prior to the guaranteed completion date with respect to each such Project set therefor in such Project's Project Schedule and to pay or provide for all anticipated non-construction Project Costs as to each such Project, all as set forth in the Project Budgets.

Appears in 1 contract

Samples: Subordination Agreement (Calpine Corp)

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Available Construction Funds. After taking into consideration the Turbine Purchase Loans being requested, Available Construction Funds shall not be less than the aggregate unpaid amount of Project Costs required to cause the Completion Date of all Initial Projects and Funded Subsequent Projects that have not achieved Completion to occur in accordance with all Legal Requirements and the Construction Contracts prior to the guaranteed completion date with respect to each such Project set therefor in such Project's Project Schedule and to pay or provide for all anticipated non-construction Project Costs as to each such Project, all as set forth in the Project Budgets.

Appears in 1 contract

Samples: Security Agreement (Calpine Corp)

Available Construction Funds. After taking into consideration the Construction Loans being requested, Available Construction Funds shall not be less than the aggregate unpaid amount of Project Costs required to cause the Completion Date of all Initial Projects and Funded Subsequent Projects that have not achieved Completion to occur in accordance with all Legal Requirements and the Construction Contracts prior to the guaranteed completion date with respect to each such Project set therefor in such Project's Project Schedule and to pay or provide for all anticipated non-construction Project Costs as to each such Project, all as set forth in the Project Budgets.

Appears in 1 contract

Samples: Security Agreement (Calpine Corp)

Available Construction Funds. After taking into consideration the Construction Loans being requested, Available Construction Funds shall not be less than the aggregate unpaid amount of Project Costs required to cause the Completion Date of all Initial Projects and Funded Subsequent Projects that have not achieved Completion to occur in accordance with all Legal Requirements and the Construction Contracts prior to the guaranteed completion date with respect to each such Project set therefor in such Project's Project Schedule and to pay or provide for all anticipated non-construction Project Costs as to each such Project, all as set forth in the Project Budgets.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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Available Construction Funds. After taking into consideration the Turbine Purchase Loans being requested, Available Construction Funds shall not be less than the aggregate unpaid amount of Project Costs required to cause the Completion Date of all Initial Projects and Funded Subsequent Projects that have not achieved Completion to occur in accordance with all Legal Requirements and the Construction Contracts prior to the guaranteed completion date with respect to each such Project set therefor in such Project's Project Schedule and to pay or provide for all anticipated non-construction Project Costs as to each such Project, all as set forth in the Project Budgets.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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