Cash Release Date. Except during a Default Period, on any Quarterly Distribution Date which is a Cash Release Date, the Security Agent shall, on such date, transfer from the Additional Collateral Account to the Distributions Account all funds, if any, on deposit in the Additional Collateral Account (after giving effect to any transfers by the Security Agent from the Additional Collateral Account pursuant to paragraphs (a), (b) and (c) of this Section 5.5 on such date).
Appears in 2 contracts
Sources: Security Deposit and Intercreditor Agreement (Cogentrix Energy Inc), Security Deposit and Intercreditor Agreement (Cogentrix Energy Inc)