Common use of Proceeds of Equity Contributions Clause in Contracts

Proceeds of Equity Contributions. (a) Each Equity Contribution required to be made in cash shall be made in immediately available funds in Dollars. (b) Proceeds of any Equity Contribution (other than in connection with an Accelerated Equity Contribution) shall be made available to the Borrower in accordance with Section 2.4 and Article 9 of the Common Agreement. (c) Proceeds of any Accelerated Equity Contribution shall be applied in accordance with Section 8.2 of the Common Agreement.

Appears in 7 contracts

Samples: Equity Funding Agreement, Equity Funding Agreement (BrightSource Energy Inc), Equity Funding Agreement (BrightSource Energy Inc)

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Proceeds of Equity Contributions. (a) Each Equity Contribution required to be made in cash shall be made in immediately available funds in Dollars. (ba) Proceeds of any Equity Contribution (other than in connection with an Accelerated Equity Contribution) shall be made available to the Borrower in accordance with Section 2.4 and Article 9 2.4.2 of the Common Agreement and the terms of the Collateral Agency Agreement. (cb) Proceeds of any Accelerated Equity Contribution shall be applied in accordance with Section 8.2 of the Common Agreement.

Appears in 2 contracts

Samples: Equity Funding Agreement, Equity Funding Agreement (Solyndra, Inc.)

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