Phase One Revenue Bond Matters Sample Clauses

Phase One Revenue Bond Matters. Immediately prior to the Phase One Closing, Mon Power and AE Supply shall (i) determine the principal amount, as of the Phase One Closing Date, of those debt obligations contemplated by Section 2.3(g) to be assumed by Mon Power at the Phase One Closing, and (ii) determine the principal amount, as of the Phase One Closing Date, of those debt obligations contemplated by Section 3.3(g) to be assumed by AE Supply at the Phase One Closing. To the extent that the principal amount to be assumed by Mon Power exceeds the principal amount to be assumed by AE Supply, AE Supply shall, at its option, either (x) prior to the Phase One Closing, repay, satisfy or defease such portion of such debt obligations as is necessary to cause the principal amount of those debt obligations contemplated by Section 2.3(g) to equal the principal amount of those debt obligations contemplated by Section 3.3(g), (y) at the Phase One Closing, make an additional payment to Mon Power equal to the amount by which the principal amount to be assumed by Mon Power exceeds the principal amount to be assumed by AE Supply, or (z) make such other arrangements as are reasonably acceptable to Mon Power to address any such excess. To the extent that the principal amount to be assumed by AE Supply exceeds the principal amount to be assumed by Mon Power, Mon Power shall, at its option, either (x) prior to the Phase One Closing, repay, satisfy or defease such portion of such debt obligations as is necessary to cause the principal amount of those debt obligations contemplated by Section 3.3(g) to equal the principal amount of those debt obligations contemplated by Section 2.3(g), (y) at the Phase One Closing, make an additional payment to AE Supply equal to the amount by which the principal amount to be assumed by AE Supply exceeds the principal amount to be assumed by Mon Power, or (z) make such other arrangements as are reasonably acceptable to AE Supply to address any such excess.
Sample 1
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Related to Phase One Revenue Bond Matters

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