Common use of Funds Advanced Clause in Contracts

Funds Advanced. If any Drawstop Notice has been issued, funds delivered to the Administrative Agent in its capacity as the Collateral Agent pursuant to Section 2.4.1(b) shall not be applied and shall be returned promptly to the respective Credit Parties.

Appears in 2 contracts

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

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Funds Advanced. If any Drawstop Notice has been issued, funds delivered to the Administrative Agent in its capacity as the Collateral Agent pursuant to Section 2.4.1(b) shall not be applied and shall be returned promptly to the respective Credit PartiesFFB.

Appears in 1 contract

Samples: Common Agreement (First Wind Holdings Inc.)

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Funds Advanced. If any Drawstop Notice has been issued, funds delivered to the Administrative Agent in its capacity as the Collateral Agent pursuant to Section 2.4.1(b) shall not be applied and shall be returned promptly to the respective Credit Parties.

Appears in 1 contract

Samples: Common Agreement (Solyndra, Inc.)

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