Common use of Drawdowns following Project Completion Clause in Contracts

Drawdowns following Project Completion. Each Drawdown under the Contingent Facility requested by the Principal Borrower following Project Completion shall only be used to fund, in whole or in part, Punch List Items, provided that, the maximum aggregate Equivalent Amount in Canadian Dollars of the Outstanding Principal of all Drawdowns requested under the Contingent Facility in respect of Punch List Items, together with all Drawdowns requested under the Construction Facility in respect of Punch List Items, shall not exceed Cdn.$200,000,000 (or the Equivalent Amount in US Dollars) unless otherwise agreed by the Agent, acting reasonably and in consultation with the Independent Engineer.

Drawdowns following Project Completion. Each Drawdown under the Contingent Construction Facility requested by the Principal Borrower following the Project Completion Date shall only be used to fund, in whole or in part, Punch List Items, provided that, the maximum aggregate the Equivalent Amount in Canadian Dollars of the Outstanding Principal of all Drawdowns requested under the Contingent Construction Facility in respect of Punch List Items, together with all Drawdowns requested under the Construction Contingent Facility in respect of Punch List Items, shall not exceed Cdn.$200,000,000 (or the Equivalent Amount in US Dollars) unless otherwise agreed by the Agent, acting reasonably and in consultation with the Independent Engineer.