Examples of Master Advance Notice in a sentence
Promptly after receipt of a Master Advance Notice complying with Section 2.03 (Mechanics for Requesting Advances), DOE shall review such Master Advance Notice and the attachments thereto to determine whether all certificates and documentation required to be attached thereto pursuant to Section 2.03 (Mechanics for Requesting Advances) have been delivered to DOE.
A certificate of a Responsible Officer of the Borrower and supporting information that the aggregate principal amount of all Advances (together with all capitalized interest thereon), after giving effect to the Advances to be made on such Requested Advance Date and application of the proceeds thereof to the payment of Eligible Project Costs contemplated in the Master Advance Notice, does not exceed the Maximum Loan Amount.
All representations and warranties made hereunder, in the other Financing Documents and in any document, certificate or statement delivered pursuant hereto or thereto or in connection herewith or therewith (including, without limitation, any Master Advance Notice) shall survive the execution and delivery of this Agreement and the making of the Advances under the Funding Agreements.
DOE shall have received from the Borrower not less than 18 Business Days prior to any Requested Advance Date with respect to any Advance (but not more than 20 Business Days prior to the applicable Requested Advance Date), a Master Advance Notice.
No later than ten Business Days after receipt of such Master Advance Notice, DOE shall determine whether DOE has received all such certificates and documentation and shall so notify FFB and the Borrower.
If the First Advance Date has not occurred on or prior to the end of the Availability Period, DOE (i) shall not be obligated to approve any Master Advance Notice, and (ii) may terminate this Agreement upon no less than ten Business Days’ prior written notice to the Borrower.
DOE shall have received, simultaneously with the delivery of the Master Advance Notice, an updated Project Execution Plan, which shall include, in form and substance satisfactory to DOE and the Independent Engineer, the then currently anticipated completion date for each of the Project Milestones and anticipated costs and expenses that the Borrower expects will be incurred in connection with, and upon the completion of, each Project Milestone, and such other updated terms as may be requested by DOE.