Conditions to Commitments. There are no conditions precedent or other contingencies related to the funding of the full amount of the Equity Financing, other than the applicable Financing Conditions. As of the date hereof and assuming the satisfaction of the conditions set forth in Section 6.1 and Section 6.2, Parent has no reason to believe the Equity Financing will not be made available to Parent on the Closing Date.
Conditions to Commitments. The Lender’s respective commitments hereunder are subject to:
a. the Agent’s receipt of counterparts of this Commitment Letter duly executed by the Agent, the Borrower and the Lenders;
b. the satisfaction of each condition precedent set forth in the Term Sheet in the section titled “Initial Conditions”; and
c. your compliance with the terms of this Commitment Letter. The terms and conditions of the Lenders’ commitment hereunder are limited to those set forth herein and in the Term Sheet. Those matters that are not covered by the provisions hereof and of the Term Sheet are subject to the approval and agreement of the Agent, the Lenders and the Borrower.
Conditions to Commitments. MA DOER acknowledges and agrees that Commonwealth Wind’s commitments set forth herein are subject to (1) the Project obtaining all federal, state and local permits needed to construct and operate the Project, (2) the Project achieving financial close with such lenders and tax equity investors as are necessary to finance the Project (“Financial Close”), and (3) with respect to the commitments in Section 2, satisfaction of the relevant conditions and Partner Organization commitments set forth in the applicable Ancillary Agreements.
Conditions to Commitments. The Term Loan Commitment and the Replacement Facility Commitment are subject solely to the satisfaction (or waiver by all of the Commitment Parties) of the conditions precedent set forth in the Conditions Annex and the Limited Conditionality Provision (as defined below) set forth below. The Revolving Increase Commitment is subject to the satisfaction (or waiver by all of the Commitment Parties) of the conditions precedent set forth in Section 5.13 and Section 6.2 of the Credit Agreement and the Conditions Annex.
Conditions to Commitments. There are no conditions precedent related to the funding of the full amount of the Equity Financing and the Debt Financing, other than the Financing Conditions. Investor has no reason to believe that it or any other party thereto will be unable to satisfy on a timely basis any term of the Debt Commitment Letter or Equity Commitment Letter. The Debt Commitment Letter provides that the only conditions precedent related to the funding of the Debt Financing on the Closing Date that will be included in the Debt Financing Documents will be the Financing Conditions contained in the Debt Commitment Letter. Investor has no reason to believe that, subject to the satisfaction of the conditions precedent set forth in Section 6.1 and Section 6.3, (i) any of the Financing Conditions will not be satisfied or (ii) the Debt Financing or Equity Financing will not be made available to Investor on the Closing Date.
