Common use of or otherwise Clause in Contracts

or otherwise. The "Final Payment Date" means the earliest of (a) the date on which EDISON makes one or more payments of the Specified Indebtedness during the Partial Payment Period, as defined in Section 3.2.3.3, which together with all previous payments of Specified Indebtedness during the Partial Payment Period, causes the total amount of Specified Indebtedness paid during the Partial Payment Period to equal or exceed $3 billion; (b) the date on which EDISON makes payments and/or restructures the obligations (other than the $1.65 billion of bank indebtedness) constituting the Specified Indebtedness such that Edison is no longer in arrears or in a condition of default with respect to 80% or more of the obligations (other than the $1.65 billion of bank indebtedness) constituting the Specified Indebtedness; or (c) the date on which EDISON first obtains funds in an aggregate amount of $600 million or greater from any financing after the commencement of the Partial Payment Period, as defined in Section 3.2.3.

Appears in 4 contracts

Samples: Agreement Addressing Renewable Energy Pricing and Payment Issues (Zond Windsystem Partners LTD Series 85-B), Agreement Addressing Renewable Energy Pricing and Payment Issues (Zond Windsystem Partners LTD Series 85-A), Agreement Addressing Renewable Energy Pricing and Payment Issues (Zond Windsystem Partners LTD Series 85-A)

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