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Common use of Payment of Project Costs Clause in Contracts

Payment of Project Costs. All Project Costs and other costs set forth in the Project Budget scheduled to have been paid from the proceeds of amounts to be funded under this Agreement and the Sponsor Pre-Sale Capacity Commitments shall have been paid in full, or other support arrangements which are satisfactory to the Administrative Agent shall have been made for the payment thereof.

Appears in 3 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Global Telesystems Group Inc), Credit Agreement (Flag Telecom Holdings LTD)

Payment of Project Costs. All Project Costs and other costs set forth in the Project Budget Budget, scheduled to have been paid from the proceeds of amounts to be funded under this Agreement and from the Sponsor Cash Equity Contributions, the Level 3 Proceeds or the Advance Pre-Sale Capacity Commitments Sales Equity shall have been paid in full, including Residual Project Costs funded from the Construction Account in accordance with Sections 8.9(b), or other support arrangements which are satisfactory to the Administrative Agent shall have been made for the payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)