Unlimited Sponsor Overrun Equity Commitment. The Sponsor irrevocably commits to provide to the Borrower, in accordance with Section 2.3.2, Overrun Equity in the aggregate amount equal to 100% of all Overrun Project Costs incurred at any time prior to the Operational Completion Date; provided, however, that all Overrun Project Costs shall be funded to the extent available (i) first, from Available Owner’s Contingency (as defined in Section 2.2.3(c) below), (ii) second, from Funded Overrun Equity, and (iii) thereafter, by additional funds provided by the Sponsor.
Appears in 7 contracts
Samples: Equity Funding Agreement, Equity Funding Agreement (BrightSource Energy Inc), Equity Funding Agreement (BrightSource Energy Inc)
