Payment to the Authority. The Authority may elect to receive its share of any Refinancing Gain as: (a) a single payment, in accordance with Section 10.1 (Payments), in an amount no greater than any Distribution made by Project Co arising as a result of the Refinancing; (b) a reduction, in accordance with Section 10.3 (Adjustments to Service Payments), in the Service Payments over the remainder of the Term; or (c) a combination of (a) and (b).
Appears in 6 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Payment to the Authority. The Authority may elect to receive its share of any Refinancing Gain as:
(a) a single payment, in accordance with Section 10.1 (Lump Sum Payments), in an amount no greater than any Distribution made by Project Co arising as a result of the Refinancing;
(b) a reduction, in accordance with Section 10.3 (Adjustments to Service Payments), in the Service Payments over the remainder of the Term; or
(c) a combination of (a) and (b).
Appears in 5 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Payment to the Authority. The Authority may elect to receive its share of any Refinancing Gain as:
(a) a single payment, in accordance with Section 10.1 (Payments), in an amount no greater than any Distribution made by Project Co arising as a result of the Refinancing;Refinancing;
(b) a reduction, in accordance with Section 10.3 (Adjustments to Service Payments), in the Service Payments over the remainder of the Term; oror
(c) a combination of (a) and (b).
Appears in 1 contract
Samples: Project Agreement
Payment to the Authority. The Authority may elect to receive its share of any Refinancing Gain as:
(a) a single payment, in accordance with Section 10.1 (Lump Sum Payments), in an amount no greater than any Distribution made by Project Co arising as a result of the Refinancing;Refinancing;
(b) a reduction, in accordance with Section 10.3 (Adjustments to Service Payments), in the Service Payments over the remainder of the Term; oror
(c) a combination of (a) and (b).
Appears in 1 contract
Samples: Project Agreement
Payment to the Authority. The Authority may elect to receive its share of any Refinancing Gain as:
(a) a single payment, in accordance with Section 10.1 ([Lump Sum Payments)], in an amount no greater than any Distribution made by Project Co arising as a result of the Refinancing;
(b) a reduction, in accordance with Section 10.3 ([Adjustments to Service Payments)], in the Service Payments over the remainder of the Term; oror
(c) a combination of (a) and (b).
Appears in 1 contract
Samples: Project Agreement
