Common use of tenth (Availability Period Lender Obligations Clause in Contracts

tenth (Availability Period Lender Obligations. (a) if an Amortization Event (Solar Loans) shall have occurred and be continuing, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations related to the Advances (Solar Loans) (calculated on the basis of the outstanding Obligations on such date multiplied by the quotient of the Borrowing Base (Solar Loans) divided by the Borrowing Base on such date) then due and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding of Advances (Solar Loans) (as applicable and as allocated among such Obligations as selected by the Agent; provided that payment of the principal balance of such outstanding Advances (Solar Loans) shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until such Advances (Solar Loans) are paid in full, (b) if an Amortization Event (Solar Assets) shall have occurred and be continuing, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations related to the Advances (Solar Assets) (calculated on the basis of the outstanding Obligations on such date multiplied by the quotient of the Borrowing Base (Solar Assets) divided by the Borrowing Base on such date) then due and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding of Advances (Solar Assets) (as applicable and as allocated [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed. among such Obligations as selected by the Agent; provided that payment of the principal balance of such outstanding Advances (Solar Assets) shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until such Advances (Solar Assets) are paid in full, and (c) if an Amortization Event described in clause (iii) of the definition thereof shall have occurred and be continuing, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations then due and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding of Advances (as applicable and as allocated among such Obligations as selected by the Agent; provided that payment of the principal balance of such outstanding Advances shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until paid in full;

Appears in 4 contracts

Samples: Credit Agreement (Sunnova Energy International Inc.), Credit Agreement (Sunnova Energy International Inc.), Credit Agreement (Sunnova Energy International Inc.)

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tenth (Availability Period Lender Obligations. (a) if an Amortization Event (Solar Loans) shall have occurred and be continuing, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations related to the Advances (Solar Loans) (calculated on the basis of the outstanding Obligations on such date multiplied by the quotient of the Borrowing Base (Solar Loans) divided by the Borrowing Base on such date) then due and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding of [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed. Advances (Solar Loans) (as applicable and as allocated among such Obligations as selected by the Agent; provided that payment of the principal balance of such outstanding Advances (Solar Loans) shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until such Advances (Solar Loans) are paid in full, (b) if an Amortization Event (Solar Assets) shall have occurred and be continuing, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations related to the Advances (Solar Assets) (calculated on the basis of the outstanding Obligations on such date multiplied by the quotient of the Borrowing Base (Solar Assets) divided by the Borrowing Base on such date) then due and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding of Advances (Solar Assets) (as applicable and as allocated [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed. among such Obligations as selected by the Agent; provided that payment of the principal balance of such outstanding Advances (Solar Assets) shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until such Advances (Solar Assets) are paid in full, and (c) if an Amortization Event described in clause (iii) of the definition thereof shall have occurred and be continuing, to the Agent and each Funding Agent on behalf of itself and the Lenders in its related Lender Group, for application to the aggregate amount of all Obligations then due and payable from the Borrower to the Agent, such Funding Agent and each such Lender in the Lender Group, including the payment of the principal balance of the outstanding of Advances (as applicable and as allocated among such Obligations as selected by the Agent; provided that payment of the principal balance of such outstanding Advances shall be allocated ratably among the Lender Groups based on their Lender Group Percentages) until paid in full;

Appears in 1 contract

Samples: Credit Agreement (Sunnova Energy International Inc.)

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