Loan by Authority. Upon the terms and conditions of this Agreement, the Authority will make the Loan to the Company on the Issue Date in a principal amount equal to the aggregate principal amount of the Bonds. The Loan shall be deemed fully advanced upon deposit of the proceeds of the Bonds (net of any underwriting discount) in the Bond Fund and the Project Fund pursuant to Section 2.3.
Appears in 3 contracts
Samples: Exempt Facilities Loan Agreement (PPL Energy Supply LLC), Exempt Facilities Loan Agreement (PPL Electric Utilities Corp), Series 2008b Exempt Facilities Loan Agreement (PPL Energy Supply LLC)
Loan by Authority. Upon the terms and conditions of this Agreement, the Authority will make the Loan to the Company on the Issue Date in a principal amount equal to the aggregate principal amount of the Bonds. The Loan shall be deemed fully advanced upon deposit disbursement of the Bond proceeds in accordance with Section 4.01 of the Bonds (net of any underwriting discount) in the Bond Fund and the Project Fund pursuant to Section 2.3Indenture.
Appears in 3 contracts
Samples: Series 2009a Exempt Facilities Loan Agreement (PPL Energy Supply LLC), Exempt Facilities Loan Agreement (PPL Energy Supply LLC), Series 2009c Exempt Facilities Loan Agreement (PPL Energy Supply LLC)
Loan by Authority. Upon the terms and conditions of this Agreement, the Authority will make the Loan to the Company on the Issue Date in a principal amount equal to the aggregate principal amount of the Bonds. The Loan shall be deemed fully advanced upon deposit disbursement of the Bond proceeds in accordance with Section 4.1 of the Bonds (net of any underwriting discount) in the Bond Fund and the Project Fund pursuant to Section 2.3Indenture.
Appears in 2 contracts
Samples: Control Facilities Loan Agreement (PPL Electric Utilities Corp), Control Facilities Loan Agreement (PPL Electric Utilities Corp)
Loan by Authority. Upon the terms and conditions of this Agreement, the Authority will make the Loan to the Company on the Issue Date in a principal amount equal to the aggregate principal amount of the Bonds. The Loan shall be deemed fully advanced upon deposit disbursement of the Bond proceeds in accordance with Section 4.02 of the Bonds (net of any underwriting discount) in the Bond Fund and the Project Fund pursuant to Section 2.3Indenture.
Appears in 2 contracts
Samples: Pollution Control Facilities Loan Agreement (PPL Corp), Pollution Control Facilities Loan Agreement (PPL Electric Utilities Corp)
