Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment shall expire at 5:00 p.m., New York City time, on December 31, 2001. If the Closing Date has not occurred on or before December 31, 2001 the Transaction Parties shall have no obligation to consummate the transactions contemplated under this Agreement and, except as provided in Sections 2.3, 9.1 and 9.2, all obligations of the Transaction Parties shall cease and terminate.
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Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)
Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment shall expire at 5:00 11:59 p.m., New York City time, on December 31September 30, 20012000. If the Closing Date has not occurred on or before December 31September 30, 2001 2000, the Transaction Parties shall have no obligation to consummate the transactions contemplated under this Agreement Transaction and, except as provided in Sections 2.32.4, 9.1 11.1 and 9.211.2, all obligations of the Transaction Parties shall cease and terminate.
Appears in 2 contracts
Samples: Participation Agreement (PPL Montana LLC), Participation Agreement (PPL Montana LLC)
Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment shall expire at 5:00 p.m., New York City time, on December 31September 30, 20012007. If the Closing Date has not occurred on or before December 31, 2001 such date the Transaction Parties shall have no obligation to consummate the transactions contemplated under this Agreement and, except as provided in Sections 2.3, 9.1 and 9.2, all obligations of the Transaction Parties shall cease and terminate.
Appears in 2 contracts
Samples: Participation Agreement, Participation Agreement (Firstenergy Corp)
Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment and the obligation of the Lender to make the Loan shall expire at 5:00 11:59 p.m., New York City time, on December March 31, 20011997. If the Closing Date has not occurred on or before December March 31, 2001 1997, the Transaction Parties parties hereto shall have no obligation to consummate the transactions contemplated under this Agreement and, except as provided in Sections 2.3, 9.1 and 9.2, all obligations of the Transaction Parties shall cease and terminateAgreement.
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Expiration of Commitments. The obligation of the Owner Participant to make its Equity Investment shall expire at 5:00 11:59 p.m., New York City time, on December 31November 1, 20012003. If the Closing Date has not occurred on or before December 31November 1, 2001 2003, the Transaction Parties shall have no obligation to consummate the transactions contemplated under this Agreement Transaction and, except as provided in Sections 2.32.4, 9.1 and 9.2, all obligations of the Transaction Parties shall cease and terminate.
Appears in 1 contract
Samples: Participation Agreement (Tennessee Valley Authority)
Expiration of Commitments. The obligation of the Owner ------------------------- Participant to make its Equity Investment shall expire at 5:00 11:59 p.m., New York City time, on December 31September 30, 2001. If the Closing Date has not occurred on or before December 31September 30, 2001 2001, the Transaction Parties shall have no obligation to consummate the transactions contemplated under this Agreement Transaction and, except as provided in Sections 2.3, 2.4, 9.1 and 9.2, all obligations of the Transaction Parties shall cease and terminate.
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