Funding Mechanics for Equipment Component Costs Sample Clauses

Funding Mechanics for Equipment Component Costs. The parties hereto acknowledge that financing of the costs of acquisition and installation of the items comprising the Equipment Component will, subject to Section 2.2.3(b) and Section 2.6.1(d) be made available to the Company through Approved Equipment Funding Commitments and that advances of funds under such commitments will not be made pursuant to this Agreement but, instead, will be made pursuant to separate agreements entered into between the Company and the providers of such financings. In order to account for such funding commitments for purposes of tracking the progress and status of the Project hereunder, including the amount of Available Funds from time to time, (i) it is contemplated that the providers of the Approved Equipment Funding Commitments will agree, pursuant to the Equipment Funding Providers' Intercreditor Agreements to, among other things, notify the Disbursement Agent from time to time of the amounts drawn and amounts available to be drawn under their respective commitments, (ii) the Company has represented that the Project Budget, Project Schedule and Plans and Specifications include and reflect the work to be performed in connection with the Equipment Component, (iii) the Advance Requests to be submitted by the Company hereunder require the Company to, among other things, certify as to the Project Costs incurred and work from time to time performed in connection with the Equipment Component, and (iv) the Construction Consultant has and will confirm the Company's certifications and representations to the extent set forth in the Construction Consultant's Closing Certificate and in the other certificates to be submitted by the Construction Consultant hereunder from time to time.
Sample 1
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Related to Funding Mechanics for Equipment Component Costs

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