If Approved as Company Projects Sample Clauses

If Approved as Company Projects. If any such Existing Project is approved as a Company Project, at the time such Project is transferred to the Owner, the Owner shall pay EOP the applicable Existing Project Contribution Amount. Concurrent with such transfer, the Company shall be obligated to contribute to the Owner (through the Project Entity, if applicable) an amount in cash equal to the Company's Project Percentage Interest in the Owner multiplied by the applicable Existing Project Contribution Amount. If the Owner and Project Entity are not the same the Project Entity shall be deemed to have made a contribution to the Owner in such amount. Concurrent with such contribution, any parties other than the Company or Project Entity that have an interest in the Owner shall contribute to the Owner an amount in cash equal to their percentage interests in the Owner multiplied by the Existing Project Contribution Amount.
Sample 1
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