Common use of Construction Advances Clause in Contracts

Construction Advances. Certificate Trustee shall establish and maintain at Shawmut Bank Connecticut, National Association, in Hartford, Connecticut, or at such other place as Certificate Trustee shall designate by written notice to Lessee and the Participants, a deposit account in the name of Certificate Trustee into which any Advances made in order to fund any portion of the cost of constructing Equipment shall be directly paid. All such funds placed in such deposit account shall at all times be for the account of Construction Agent. Certificate Trustee hereby grants Construction Agent a power of attorney, which shall be effective so long as no Lease Event of Default exists, to withdraw funds from such account for the performance of its agency duties under the Lease. Neither Certificate Trustee nor either Agent shall account for or inquire into Construction Agent's use of funds so withdrawn from the deposit account.