Mechanics for Funding Equity Contributions. (a) The Shareholder shall be entitled to make or effect, or cause to be made or effected, any Equity Contribution hereunder through any combination of (i) a subscription and payment in cash by the Intermediate Shareholder for additional shares in the Share Capital of the Borrower and (ii) Subordinated Affiliate Loans to the Borrower. The Shareholder hereby agrees that all Equity Contributions through any combination of (i) a subscription and payment in cash by the Intermediate Shareholder for additional shares in the Share Capital of the Borrower and (ii) Subordinated Affiliate Loans to the Borrower shall always be subject and subordinate in all respects to the interest in the Secured Obligations as set forth in Section 3.
Mechanics for Funding Equity Contributions. All Equity Contributions to be made pursuant to Sections 2.01(b), 2.01(c), 2.02(a), 2.02(b), 2.02(c) and 2.02(d) shall be made by deposit of immediately available funds into the Onshore Revenue Account, the Offshore Construction Account or such other account as the Senior Lenders shall from time to time designate in writing.
Mechanics for Funding Equity Contributions. (a) If the Sponsor is required to make an Equity Contribution pursuant to this Agreement, the Borrower shall submit to the Sponsor an Equity Contribution Request no later than five Business Days prior to the due date thereof, indicating the Section of this Agreement pursuant to which such Equity Contribution is required, the date on which such Equity Contribution must be made and the amount thereof, and the Project Account into which the proceeds of the Equity Contribution must be deposited. Failure by the Borrower to timely deliver an Equity Contribution Request shall not release any Sponsor Entity from its obligation to make any Equity Contribution pursuant to and in accordance with the terms hereof. Unless the Collateral Agent or DOE have delivered an Equity Contribution pursuant to clause (b) below with respect to any Equity Contribution required to be made by the Sponsor Entities, the Borrower’s delay in delivering an Equity Contribution Request will only extend the due date for the making of such Equity Contribution on a day-for-day basis.
