Common use of Possession of Project Clause in Contracts

Possession of Project. Enter into possession of the Projects and operate and maintain the Projects, and all sums expended by Administrative Agent in so doing, together with interest on such total amount at the Default Rate, shall be repaid by Borrower to Administrative Agent upon demand and shall be secured by the Financing Documents to the extent provided therein, notwithstanding that such expenditures may, together with amounts advanced under this Financing Agreement, exceed the amount of the Total Commitment.

Possession of Project. Enter into possession of the Projects Project and perform any and all work and labor necessary to operate and maintain the ProjectsProject, and all sums expended by Administrative Agent, Collateral Agent or Depositary Agent in so doing, together with interest on such total amount at the Default Rate, shall be repaid by Borrower to Administrative Agent, Collateral Agent or Depositary Agent, as the case may be, upon demand and shall be secured by the Financing Documents to the extent provided thereinCredit Documents, notwithstanding that such expenditures may, together with amounts advanced under this Financing Agreement, exceed the aggregate amount of the Total Term Loan Commitment.