Exceeding CAW Loan and CAW Credit Line Limits. If the Indebtedness shortfall or the Subordinated Indebtedness needed to minimize the weighted average cost of the Indebtedness exceeds the full amount of the CAW Loan and the full amount of the CAW Credit Line, CAW shall be under no obligation to extend any further CAW Financing, however, the Parties shall meet and confer in order to attempt to decide on a means of funding the shortfall and/or obtaining the Subordinated Indebtedness or other credit enhancement desired to minimize the weighted average cost of the Indebtedness. As one alternative and provided the conditions to the making of any CAW Financing are satisfied, the Parties shall consider seeking CPUC approval for a different or additional loan by CAW or an Affiliate of CAW on terms acceptable to all the Parties. The terms and conditions of such loan and the method of repayment must be approved by the CPUC. If the Parties agree to attempt to address an Indebtedness shortfall and/or a reduction in the weighted average cost of the Indebtedness which requires a CAW Loan greater than $17,500,000.00 and/or a CAW Credit Line greater than $8,000,000.00 or by some other means, CAW will use its reasonable efforts to timely obtain such approval from the CPUC.
Appears in 4 contracts
Samples: Water Purchase Agreement, Water Purchase Agreement, Water Purchase Agreement
