Common use of Participant Payment Obligations Clause in Contracts

Participant Payment Obligations. Each Participant agrees to pay to NCPA each month its respective portion of the Project Costs. In addition, each Participant shall maintain working capital in accordance with NCPA’s Annual Budget, and maintain its Security Account as provided in this Agreement.

Appears in 3 contracts

Samples: Third Phase Agreement, Third Phase Agreement, Third Phase Agreement

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Participant Payment Obligations. Each Participant agrees to pay to NCPA each month its respective portion of the Project Costs, Administrative Services Costs, scheduling coordination costs, and all other costs for services provided in accordance with this Agreement and the Amended and Restated Facilities Agreement. In additionaddition to the aforementioned monthly payment obligations, each Participant shall maintain working capital is obligated to fund: (i) any and all required Security Deposits calculated in accordance with NCPA’s Section 5, and (ii) any working capital requirements for the Project maintained by NCPA as set forth in the Annual Budget, and maintain its Security Account as provided in this Agreement.

Appears in 1 contract

Samples: Third Phase Agreement

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