Directions of Payments. (a) Project Co hereby irrevocably directs Contracting Authority to make any Substantial Completion Payment, together with applicable HST, to the Lenders’ Agent or as the Lenders’ Agent may direct. Contracting Authority shall pay the Substantial Completion Payment as directed by Project Co in accordance with this Section 4.4(a) and shall not accept any redirection without the consent of the Lenders’ Agent. Contracting Authority will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by Contracting Authority of the Substantial Completion Payment to the Lenders’ Agent in accordance with this Section 4.4(a) constitutes payment by Contracting Authority to Project Co in satisfaction of Contracting Authority’s obligation to pay the Substantial Completion Payment to Project Co under this Project Agreement and in satisfaction of any trust obligation of Contracting Authority with respect to such payments under section 7 of the CLA pursuant to section 10 of the CLA.
Directions of Payments. (a) Project Co hereby irrevocably directs Contracting Authority to make any Milestone Payment, and the Substantial Completion Payment, together with applicable HST, to the Lenders’ Agent or as the Lenders’ Agent may direct. Contracting Authority shall pay the First Milestone Payment, Second Milestone Payment, and Substantial Completion Payment as directed by Project Co in accordance with this Section 4.4(a) and shall not accept any redirection without the consent of the Lenders’ Agent. Contracting Authority will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by Contracting Authority of the First Milestone Payment, Second Milestone Payment, and Substantial Completion Payment to the Lenders’ Agent in accordance with this Section 4.4(a) constitutes payment by Contracting Authority to Project Co in satisfaction of Contracting Authority’s obligation to pay the First Milestone Payment, Second Milestone Payment, and Substantial Completion Payment, to Project Co under this Project Agreement and in satisfaction of any trust obligation of Contracting Authority with respect to such payments under Section 7 of the Construction Act pursuant to Section 10 of the Construction Act.
Directions of Payments. (a) Project Co hereby irrevocably directs Contracting Authority to make any Milestone Payment to the Lenders’ Agent or as Lenders’ Agent may direct. Contracting Authority shall pay the Milestone Payments as directed by Project Co in accordance with this Section 4.4(a) and shall not accept any redirection without the consent of the Lenders’ Agent. Contracting Authority will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by Contracting Authority of the Milestone Payments to the Lenders’ Agent in accordance with this Section (a) constitutes payment by Contracting Authority to Project Co in satisfaction of Contracting Authority’s obligation to pay the Milestone Payments to Project Co under this Project Agreement and in satisfaction of any trust obligation of Contracting Authority with respect to such payments under section 7 of the Construction Act pursuant to section 10 of the Construction Act.
Directions of Payments. (a) Project Co hereby irrevocably directs Contracting Authority to make any Milestone Payment, together with applicable HST, to the Lenders’ Agent or as Lenders’ Agent may direct. Contracting Authority shall pay the First Milestone Payment and the Second Milestone Payment, as applicable, as directed by Project Co and shall not accept any redirection without the consent of the Lenders’ Agent. Contracting Authority will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by Contracting Authority of the First Milestone Payment and Second Milestone Payment, as applicable, to the Lenders’ Agent in accordance with this Section 4.4(a) constitutes payment by Contracting Authority to Project Co in satisfaction of Contracting Authority’s obligation to pay the First Milestone Payment and Second Milestone Payment, as applicable, to Project Co under this Project Agreement and in satisfaction of any trust obligation of Contracting Authority with respect to such payments under section 7 of the CLA pursuant to section 10 of the CLA.
Directions of Payments. (a) Project Co hereby irrevocably directs JBH to make any Tower Interim Completion Payment, together with applicable HST, to the Lenders’ Agent or as the Lenders’ Agent may direct, as security for the Financing. JBH shall pay the Tower Interim Completion Payment as directed by Project Co and shall not accept any redirection without the consent of the Lenders’ Agent. JBH will pay the amounts that Project Co is entitled to hereunder once the conditions for payment set out in this Project Agreement, if any, have been satisfied. Project Co acknowledges and agrees that payment by JBH of the Tower Interim Completion Payment to the Lenders’ Agent in accordance with this Section 4.4(a) constitutes payment by JBH to Project Co in satisfaction of JBH’s obligation to pay the Tower Interim Completion Payment to Project Co under this Project Agreement and in satisfaction of any trust obligation of JBH with respect to such payments under Section 7 of the CLA pursuant to Section 10 of the CLA.
Directions of Payments. (a) [Intentionally Deleted]
