Common use of Financing Modifications Clause in Contracts

Financing Modifications. Upon the request of PPL Montana delivered at least 90 days prior to financing a portion of the Unit Percentage of the cost of any Modification, the Owner Lessor, the Lease Indenture Trustee and the Pass Through Trustee agree to cooperate with PPL Montana to (a) issue Additional Lessor Notes under the Lease Indenture to finance such Modification that will rank pari passu with the Lessor Note and/or any Additional Lessor Notes then outstanding as to the Indenture Estate; (b) execute and deliver one or more supplements to the Lease Indenture for the purpose of subjecting any such Modifications to the Liens thereof; and (c) execute and deliver an amendment to the Facility Lease to reflect the adjustments required by clause (iii) below; provided, however, that (x) the Owner Participant shall have been given the opportunity, but shall have no obligation, to provide all or part of the funds required to finance the Unit Percentage of the cost of any such Modification by making an Additional Equity Investment in such amount, if any, as it may determine in its sole and absolute discretion, but PPL Montana shall have no obligation to accept such Additional Equity Investment; and (y) the conditions set forth below and in Section 2.12 of the Lease Indenture shall have been satisfied. The obligation to finance such Modifications through the issuance of Additional Lessor Notes under Section 2.12 of the Lease Indenture (any financing of Modifications through the issuance of such Additional Lessor Notes under the Lease Indenture being called a "Supplemental Financing") is subject to the following additional conditions:

Financing Modifications. Upon the request of PPL Montana AEE delivered to the Indenture Trustee at least 90 120 days prior to the proposed financing a portion of the Unit Lessor's Percentage of the cost of any ModificationNonseverable Modification or Required Modification to the Facility, the Owner LessorTrust, the Lease Indenture Trustee Owner Participant and the Pass Through Indenture Trustee agree to cooperate with PPL Montana AEE to (a1) issue Additional Lessor Notes under the Lease Indenture to finance such Modification that which will rank pari passu with the Lessor Note and/or any Additional Lessor Notes then outstanding as to the Indenture Estate; (b2) execute and deliver one or more supplements to the Lease Indenture and the Mortgage for the purpose of subjecting any such Modifications to the Liens thereof; and (c3) execute and deliver an amendment to the Facility Lease to reflect the adjustments required by clause (iii) below; provided, however, that (xa) the Owner Participant shall have been given the opportunity, but shall have no obligation, to provide all or part of the funds required to finance the Unit Lessor's Percentage of the cost of any such Modification by making an Additional Equity Investment in such amount, if any, as it may determine in its sole and absolute discretion, but PPL Montana AEE shall have no obligation to accept such Additional Equity Investment; Investment and (yb) the conditions set forth below and in Section 2.12 of the Lease Indenture shall have been satisfied. The obligation to finance such Modifications through the issuance of Additional Lessor Notes under Section 2.12 of the Lease Indenture (any financing of Modifications through the issuance of such Additional Lessor Notes under the Lease Indenture being called a "Supplemental Financing") is subject to the following additional conditions: