Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. (a) In accordance with the provisions of the Credit Agreement and the Trust Agreement, in order to request Advances, the Construction Agent shall deliver to the Investors and the Administrative Agent a requisition (each a "Requisition"), appropriately completed, in the form of Exhibit C hereto. (b) Each Requisition shall: (i) be irrevocable; (ii) request funds in an amount of at least $1,000,000 (or such lesser amount as shall be equal to the total aggregate of the Available Commitments at such time) for the payment of Property Acquisition Costs or other Project Costs, including any of the foregoing which have previously been incurred and were not the subject of and funded pursuant to a prior Requisition, in each case as specified in the Requisition; and (iii) comply with the terms and conditions of Section 2.3 of the Credit Agreement and Section 3 of the Trust Agreement. (c) So long as no Default or Event of Default has occurred and is continuing and subject to the Lessor and the Administrative Agent having each received the materials required by Section 6.1, 6.2 and/or 6.3, as applicable, on each Funding Date (i) the Lenders shall make Loans to the Lessor in an aggregate amount equal to (x) in the case of the Initial Closing Date, the amount PARTICIPATION AGREEMENT of funds specified in the Requisition therefor minus the Investor Contributions contributed pursuant to Section 3.1, and (y) thereafter in an amount equal to the amount specified in a Requisition, up to an aggregate principal amount equal to the Available Commitments; (ii) in the case of the Initial Closing Date, the Investors shall make Investor Contributions pursuant to Section 3.1; and (iii) the total amount of such Loans and Investor Contributions, if any, made on such date shall be paid to the Construction Agent to pay the Project Costs specified in such Requisition.

Procedures for Funding. (a) In accordance with Not less than three Business Days prior to each proposed Closing Date (other than the provisions of the Credit Agreement and the Trust Agreement, in order to request AdvancesInitial Closing Date), the Construction Agent Lessee shall deliver to the Investors and the Administrative Agent Agent, a requisition (each a "Requisition"), appropriately completed, in the form of Exhibit C D hereto. (b) Each Requisition shall: (i) be irrevocable; and (ii) request funds in an amount of at least $1,000,000 200,000 (or such lesser amount amounts as shall be equal to the total aggregate of the Available Commitments plus the Available Investor Commitment at such time) for the payment of Property Equipment Acquisition Costs or other Project Costs, including any of the foregoing Equipment Acquisition Costs which have previously been incurred and were not the subject of and funded pursuant to a prior Requisition, in each case as specified in the Requisition; and (iii) comply with the terms and conditions of Section 2.3 of the Credit Agreement and Section 3 of the Trust Agreement. (c) So long as no Default or Event of Default has occurred and is continuing and subject to the Lessor and the Administrative Agent having each received the materials required by Section 6.1, 6.2 6.1 and/or 6.36.2, as applicable, on each Funding Closing Date (i) the Lenders shall make Loans to the Lessor in an aggregate amount equal to (x) in the case 97% of the Initial Closing Date, the amount PARTICIPATION AGREEMENT of funds specified in the Requisition therefor minus the Investor Contributions contributed pursuant to Section 3.1, and (y) thereafter in an amount equal to the amount specified in a any Requisition, up to an aggregate principal amount equal to the Available Commitments; (ii) in the case of the Initial Closing Date, the Investors shall make an Investor Contributions pursuant Contribution in an amount equal to Section 3.13% of the funds specified in any Requisition, up to an amount equal to the Available Investor Commitment; and (iii) the total amount of such Loans and Investor Contributions, if any, Contribution made on such date shall be paid to the Construction Agent used to pay the Project Costs specified Equipment Acquisition Costs. (d) Notwithstanding anything to the contrary in this Agreement, (i) the Lenders shall not be required to make Loans with respect to a piece of Equipment in an aggregate amount in excess of 97% of the amount allocated to such piece of Equipment in the Requisition, and (ii) the Investors shall not be required to make Investor Contributions with respect to a piece of Equipment in an aggregate amount in excess of 3% of the amount allocated to such piece of Equipment in the Requisition.

Procedures for Funding. (a) In accordance with the provisions of the Credit Agreement and the Trust Agreement, in order Not less than three Business Days prior to request Advanceseach proposed Closing Date, the Construction Agent Lessee shall deliver to the Investors Investor and the Administrative Agent Agent, a requisition (each a "Requisition"), appropriately completed, in the form of Exhibit C D hereto. (b) Each Requisition shall: (i) be irrevocable; and (ii) request funds in an amount of at least $1,000,000 200,000 (or such lesser amount amounts as shall be equal to the total aggregate of the Available Commitments plus the Available Investor Commitment at such time) for the payment of Property Equipment Acquisition Costs or other Project Costs, including any of the foregoing Equipment Acquisition Costs which have previously been incurred and were not the subject of and funded pursuant to a prior Requisition, in each case as specified in the Requisition; and (iii) comply with the terms and conditions of Section 2.3 of the Credit Agreement and Section 3 of the Trust Agreement. (c) So long as no Default or Event of Default has occurred and is continuing and subject to the Lessor and the Administrative Agent having each received the materials required by Section 6.1, 6.2 6.1 and/or 6.36.2, as applicable, on each Funding Closing Date (i) the Lenders shall make Loans to the Lessor in an aggregate amount equal to (x) in the case 97% of the Initial Closing Date, the amount PARTICIPATION AGREEMENT of funds specified in the Requisition therefor minus the Investor Contributions contributed pursuant to Section 3.1, and (y) thereafter in an amount equal to the amount specified in a any Requisition, up to an aggregate principal amount equal to the Available Commitments; (ii) the Investor shall make an Investor Contribution in the case an amount equal to 3% of the Initial Closing Datefunds specified in any Requisition, up to an amount equal to the Investors shall make Available Investor Contributions pursuant to Section 3.1Commitment; and (iii) the total amount of such Loans and Investor Contributions, if any, Contribution made on such date shall be paid to the Construction Agent used to pay the Project Costs specified Equipment Acquisition Costs. (d) Notwithstanding anything to the contrary in this Agreement, (i) the Lenders shall not be required to make Loans with respect to a piece of Equipment in an aggregate amount in excess of 97% of the amount allocated to such piece of Equipment in the Requisition, and (ii) the Investor shall not be required to make Investor Contributions with respect to a piece of Equipment in an aggregate amount in excess of 3% of the amount allocated to such piece of Equipment in the Requisition.