EOP Project Owner Structure and EOP Capital Sample Clauses

EOP Project Owner Structure and EOP Capital. All EOP Projects (or the interest of the Company and the EOP Investor therein) will be held through a Project Entity in which the Company is the manager or general partner, as the case may be, and the Company and the EOP Investor are the members or limited partners (an "EOP PROJECT ENTITY"). The EOP Investor will provide the Specified Equity and the Company will provide the Company Share of Equity. If Wilsxx xxx conditioned its obligation to provide capital to the Company relating to the applicable EOP Project pursuant to SECTION 5.2.1, the date on which the Specified Equity and Company Share of Equity shall be due shall be the date Wilsxx xxxomes obligated to provide such capital to the Company, but may, in each party's respective sole and absolute discretion, be funded prior to such date. All such equity for an EOP Project will be funded pari passu by the EOP Investor and the Company on a ratable basis. Notwithstanding the above and notwithstanding anything to the contrary contained herein, (a) the EOP Investor shall not have to fund the Specified Equity in response to any Project Capital Call which the Company does not fund, provided such failure of the Company to fund is not due to EOP's failure to provide its required capital to the Company; and (b) the Company shall not have to fund the Company Share of Equity (nor shall Wilsxx xx EOP have to contribute to the Company their allocable shares of the Company Share of Equity) in response to any Project Capital Call which the EOP Investor does not fund. Any equity, in addition to the Specified Equity and the Company Share of Equity, that turns out to be required for the EOP Project shall be handled as described in SECTION 5.2. The interests of the EOP Investor and the Company in the EOP Project Entity are referred to herein as the "DIRECT EOP INTEREST" and the "COMPANY INTEREST," respectively. Each EOP Project Entity Agreement will contain the analogous provisions and remedies for the failure of a member to make required contributions of Project Equity as are contained in SECTION 5.3 (Failure to Make Contributions), except as otherwise expressly provided herein. Such agreements shall provide that the Project Distributable Cash Flow and Project Distributable Capital Proceeds from an EOP Project (which shall be determined after paying interest and principal on Project Required Funds Loans) shall be distributed as set forth below.
Sample 1
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Related to EOP Project Owner Structure and EOP Capital

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