Common use of FFB Funding Clause in Contracts

FFB Funding. For any requested Advance for which a FFB Advance Request Approval Notice has been issued pursuant to this Section 2.4.1 and for which no Drawstop Notice has been issued pursuant to Section 2.4.3, in accordance with the terms of the FFB Note Purchase Agreement, FFB has agreed to fund such Advance on the Requested Advance Date in accordance with the DOE Credit Facility Documents. Such funds shall be applied as specified in the applicable FFB Advance Request; provided, however, that if any Drawstop Notice has been issued and is in effect on the Requested Advance Date with respect to any funds received by the Administrative Agent in its capacity as the Collateral Agent, such funds shall be applied pursuant to Section 2.4.3(c).

Appears in 2 contracts

Samples: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp)

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FFB Funding. For any requested Advance for which a FFB Advance Request Approval Notice has been issued pursuant to this Section 2.4.1 and for which no Drawstop Notice has been issued pursuant to Section 2.4.3, in accordance with the terms of the FFB Note Purchase Agreement, Agreement FFB has agreed to fund such Advance on the Requested Advance Date in accordance with the DOE Credit Facility Documents. Such funds shall be applied as specified in the applicable FFB Advance RequestCollateral Agency Agreement; provided, however, that if any Drawstop Notice has been issued and is in effect on the Requested Advance Date with respect to any funds received by the Administrative Agent in its capacity as the Collateral Agent, such funds shall be applied pursuant to Section 2.4.3(c).

Appears in 1 contract

Samples: Common Agreement (Solyndra, Inc.)

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FFB Funding. For any requested Advance for which a FFB Advance Request Approval Notice has been issued pursuant to this Section 2.4.1 and for which no Drawstop Notice has been issued pursuant to Section 2.4.3, in accordance with the terms of the FFB Note Purchase Agreement, Agreement FFB has agreed to fund such Advance on the Requested Advance Date in accordance with the DOE Credit Facility Documents. Such funds shall be applied as specified in the applicable FFB Advance RequestCollateral Agency Agreement; provided, however, that that, if any Drawstop Notice has been issued and is in effect on the Requested Advance Date with respect to any funds received by the Administrative Agent in its capacity as the Collateral Agent, such funds shall be applied pursuant to Section 2.4.3(c).

Appears in 1 contract

Samples: Common Agreement (First Wind Holdings Inc.)

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