Common use of Subsequent Funding Clause in Contracts

Subsequent Funding. Unless Completion Guarantor shall agree otherwise in writing, the Minimum Remaining Funding Amount shall be funded by Beneficiary making Production Advances in U.S. Dollars following the Cash Flow Schedule (subject to possible acceleration as herein provided) by electronic funds transfer directly to the Production Account (except for the Guaranty Fee to the extent not previously paid, which will be paid directly to UniFi according to UniFi’s instructions or as otherwise instructed or agreed in writing by UniFi as agent for Completion Guarantor).

Appears in 5 contracts

Samples: Completion Guaranty, Completion Agreement, Completion Guaranty

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