Common use of Final Distribution of Reserve Fund Clause in Contracts

Final Distribution of Reserve Fund. Following the expiration or earlier termination of this Agreement, and upon payment and satisfaction of any and all liabilities and obligations to make payments of the SCPPA Participating Members under this Agreement and upon satisfaction of all remaining costs and obligations of SCPPA under this Agreement and in connection with the Facility, any amounts then remaining in the Reserve Fund shall be paid to the SCPPA Participating Member pro rata in accordance with their respective SCPPA Participant Entitlement Share .

Appears in 2 contracts

Samples: Sb 859 Purchase Agreement, legistarweb-production.s3.amazonaws.com

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Final Distribution of Reserve Fund. Following the expiration or earlier termination of this Agreement, and upon payment and satisfaction of any and all liabilities and obligations to make payments of the SCPPA Participating Members by Purchaser under this Agreement and upon satisfaction of all remaining costs and obligations of SCPPA under this Agreement and in connection with the FacilityProject, any amounts then remaining in the Reserve Fund shall be paid to the SCPPA Participating Member pro rata in accordance with their respective SCPPA Participant Entitlement Share Purchaser.

Appears in 1 contract

Samples: Power Sales Agreement

Final Distribution of Reserve Fund. Following the expiration or earlier termination of this Agreement, and upon payment and satisfaction of any and all liabilities and obligations to make payments of the SCPPA Participating Members Project Participants under this Agreement and upon satisfaction of all remaining costs and obligations of SCPPA under this Agreement and in connection with the Facility, any amounts then remaining in the Reserve Fund shall be paid to the SCPPA Participating Member pro Project Participants per rata in accordance with their respective SCPPA Participant Entitlement Share Project Cost Shares.

Appears in 1 contract

Samples: Power Sales Agreement

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Final Distribution of Reserve Fund. Following the expiration or earlier termination of this Agreement, and upon payment and satisfaction of any and all liabilities and obligations to make payments of the SCPPA Participating Members Participants under their respective Power Sales Agreements, including this Agreement Agreement, and upon satisfaction of all remaining costs and obligations of SCPPA under this Agreement and in connection with the FacilityProject and under the Power Sales Agreements, including this Agreement, with each SCPPA Participant, any amounts then remaining in the Reserve Fund shall be paid to the SCPPA Participating Member Participants pro rata in accordance with their respective SCPPA then-current Participant Entitlement Share Facility Output Shares.

Appears in 1 contract

Samples: Power Sales Agreement

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