Common use of Base Equity Contributions to Borrower Clause in Contracts

Base Equity Contributions to Borrower. Not later than the date on which the applicable Base Equity Contribution is required to be made pursuant to Section 2.4.2 of the Common Agreement (the “Base Equity Contribution Date”), each Equity Contributor shall cause its share of each Base Equity Contribution, in an amount equal to the product of (x) the Base Equity Percentage for such Equity Contributor, and (y) the aggregate Base Equity Contributions required on the applicable Base Equity Contribution Date, to be made to the Borrower, provided that no Equity Contributor shall be obligated to make Base Equity Contributions in excess of its Individual Base Equity Commitment Balance. Base Equity Contributions may be made by: (a) instructing the Collateral Agent in the applicable Master Advance Notice to draw on a Reserve Letter of Credit provided by such Equity Contributor in accordance with Section 2.6 in a specified amount for deposit by the Collateral Agent into the Disbursement Account; (b) instructing the Collateral Agent to draw funding from Cash Collateral provided by such Equity Contributor in accordance with Section 2.6 in the applicable Master Advance Notice in a specified amount for deposit by the Collateral Agent into the Disbursement Account; or (c) depositing cash into (i) the Disbursement Account or (ii) the Equity Funding Account. To the extent an Equity Contributor makes a Base Equity Contribution, such Equity Contributor’s Individual Base Equity Commitment Balance shall be reduced accordingly. Each Equity Contributor’s obligations under this Section 2.3.1 shall expire, and no Equity Investor will have any further obligation to make any Base Equity Contributions, from and after the PPA Required Performance Date.