Deposits into the Debt Payment Account Sample Clauses

Deposits into the Debt Payment Account. On each Monthly Transfer Date, to the extent funds are available in the Revenue Account for such purpose, the Depositary Agent shall transfer the amounts specified in the applicable Withdrawal Certificate to the Interest Payment Sub-Account and the Principal Payment Sub-Account as set forth in clauses (ii) and (iii) of Section 3.2(c), as applicable.
Sample 1
AutoNDA by SimpleDocs
Deposits into the Debt Payment Account. (a) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Revenue Account to the Debt Payment Account on any Annual Scheduled Payment Dates in accordance with Section 4.1.2.
Sample 1
Deposits into the Debt Payment Account. (a) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Revenue Account to the Debt Payment Account on any Annual Scheduled Payment Dates in accordance with Section 4.1.2. (b) The Swap Counterparty shall deposit all scheduled amounts payable by it to the Issuer pursuant to the Swap Agreement into the Debt Payment Account. (c) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Excess Cash Flow Account to the Debt Payment Account in accordance with Section 4.15.2. (d) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Debt Service Reserve Account to the Debt Payment Account in accordance with Section 4.3.2. (e) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Acquisition Indemnity/Performance LD Reserve Account to the Debt Payment Account in accordance with Section 4.5.2. (f) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Major Maintenance Reserve Account to the Debt Payment Account in accordance with Section 4.10.2. (g) The Collateral Agent shall direct the Depositary Agent to deposit the Equity Reimbursement Payment made by NRG Energy on any Annual Scheduled Payment Date pursuant to Section 2.1 of the Parent Agreement into the Debt Payment Account. 14 <PAGE> (h) The Collateral Agent shall direct the Depositary Agent to transfer funds from the Cash Collateral Deposit received by the Collateral Agent pursuant to Section 12.3 of the Parent Agreement to the Debt Payment Account. (i) The Collateral Agent shall direct the Depositary Agent to transfer the Account Funds from the EMS Letter of Credit Account to the Debt Payment Account in accordance with Section 4.16.2. (j) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the NRG Claim Settlement Account to the Debt Payment Account in accordance with Section 4.14.2. (k) The Collateral Agent shall direct the Depositary Agent to deposit any amounts drawn under (x) the Policy, in the event and to the extent not paid directly to the Trustee, and (y) the Swap Policy, in the event and to the extent not paid directly to the Swap Counterparty, into the Debt Payment Account. (l) Other than as set forth in clauses (a) through (k) of this Section 4.2.1, no deposits shall be made into the Debt Payment Account. 4.2.2
Sample 1

Related to Deposits into the Debt Payment Account

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Distributions from Certificate Account and Special Payments Account (a) On each Regular Distribution Date with respect to a series of Certificates or as soon thereafter as the Trustee has confirmed receipt of the payment of all or any part of the Scheduled Payments due on the Equipment Notes held (subject to the Intercreditor Agreement) in the related Trust on such date, the Trustee shall distribute out of the applicable Certificate Account the entire amount deposited therein pursuant to Section 4.01(a). There shall be so distributed to each Certificateholder of record of such series on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.01 concerning the final distribution) by check mailed to such Certificateholder, at the address appearing in the Register, such Certificateholder’s pro rata share (based on the Fractional Undivided Interest in the Trust held by such Certificateholder) of the total amount in the applicable Certificate Account, except that, with respect to Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such distribution shall be made by wire transfer in immediately available funds to the account designated by such Clearing Agency (or such nominee).

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Payments from Paying Agent Account The Escrow Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.