Facilities, Etc. You have advised us that you wish to obtain the multi-draw term loan facility described in the Term Sheet in an aggregate principal amount of (x) $5,937,000,000 less (y) $136,000,000 for which the Applicant is seeking Federal Funding (as such term is defined in the Term Sheet) in the form of a grant and with respect to which amount the Applicant agrees that approval has not been sought hereunder until final resolution of such grant application, to finance Eligible Project Costs (as defined in the Term Sheet) for the Projects (as defined below). The facility will consist of two loans, one of which (“Loan A”) will consist of Advances (as defined in the Term Sheet) the proceeds of which are to be used to finance Eligible Project Costs consisting of (i) approximately 60% of the cost of acquisition by the Applicant of property or assets and (ii) all Eligible Project Costs that do not consist of the cost of acquisition of property or assets, and the second of which (“Loan B” and, together with Loan A, the “Loans”) will consist of Advances the proceeds of which are to be used to finance Eligible Project Costs in an amount equal to approximately 40% of the cost of acquisition by the Borrower of property or assets.
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