Disbursements from the Accounts. (a) To the extent that the amount of funds in the TARC Disbursement Account is greater than zero, all disbursements from the Accounts (other than Special Purpose Disbursements) shall be made out of the TARC Disbursement Account until the amount of funds in such account is exhausted, and thereafter, as long as the TEC Disbursement Account contains any funds that have not been reserved in any of the Reserve Accounts, all disbursements from the Accounts (other than Special Purpose Disbursements) shall be made from the TEC Disbursement Account out of funds that have not been reserved in any of the Reserve Accounts. If the amount of funds in the TEC Disbursement Account that has not been reserved in any of the Reserve Accounts is zero, disbursements from the Accounts (other than Special Purpose Disbursements) shall be made first from the Contingency Reserve Account, until the amount of funds therein is exhausted, and second from the Feedstock Reserve Account, until the amount of funds therein is exhausted, third from the Operating Account, until the amount of funds therein is exhausted and fourth from the Interest Accumulation Account, until the amount of funds therein is exhausted.
Disbursements from the Accounts. Disbursements from the Escrow Accounts shall be made by the escrow holder as follows:
Disbursements from the Accounts. Any transfers or disbursements from the Accounts may only be made in accordance with the Account Requirements and the Account Control Agreements.
Disbursements from the Accounts. (a) So long as no Lockbox Period then exists, all funds in the Property Accounts shall be released to the Borrowers on each Business Day. During the continuance of a Lockbox Period, on each Monthly Payment Date, subject to Section 4(c) below, the Lockbox Bank shall, at the direction of the Agent or the Servicer, disburse the funds in the Lockbox Account in the following order of priority and in accordance with the amounts set forth in the Annual Budget
Disbursements from the Accounts. Prior to making a Disbursement, the Disbursement Agent shall telephone or email the Issuing Agent for the Title Insurer on the requested disbursement date to confirm that the Title Insurer is prepared to issue the Update Endorsement if an Update Endorsement is required under SECTIONS 4.2.2(d), 4.6.1(a)(iii), 4.6.2(b) OR 4.7 (d), as applicable. The Disbursement Agent shall disburse funds from the Securities Accounts, and the PFC Payment Account only upon satisfaction of the applicable conditions to disbursement set forth herein. Upon satisfaction of the applicable conditions to disbursement set forth herein, the Disbursement Agent shall disburse funds from the applicable Securities Account and the PFC Payment Account as specified in the applicable disbursement request or certificate.
Disbursements from the Accounts. (a) The Cash Management Bank shall, without the further consent of Borrower, comply with all written instructions (and, with respect to any Permitted Investments, all entitlement orders) received from Administrative Agent, including, without limitation, any instructions that amounts be disbursed therefrom to other Accounts and/or to other accounts specified by Administrative Agent (it being agreed by Administrative Agent, as directed by Required Lenders, for the benefit of Borrower, that such written instructions (and any entitlement orders) shall at all times be in conformance with the provisions of the Loan Agreement), which instructions or entitlement orders are anticipated to be substantially in the form of Exhibit 1 attached hereto (collectively, “Disbursement Instructions ”). Without limiting the generality of the foregoing, until Administrative Agent instructs the Cash Management Bank otherwise (it being agreed by Administrative Agent, for the benefit of Borrower, that such written instructions (and any entitlement orders) shall at all times be in conformance with the provisions of the Loan Agreement), the Cash Management Bank shall transfer, free and clear of all liens, to an account specified by Borrower, at the end of each Business Day (or, at Borrower’s election, on a less frequent basis), all collected and available funds deposited in the Cash Management Account in excess of the Peg Balance. Administrative Agent may from time to time, on one Business Day’s prior written notice to the Cash Management Bank and without the further consent of Borrower, instruct the Cash Management Bank to stop making transfers to Borrower and/or change the Peg Balance (it being agreed by Administrative Agent, for the benefit of Borrower, that Administrative Agent shall only exercise such right in accordance with the terms of the Loan Agreement, including any cure rights of Borrower provided for therein), and the Cash Management Bank is hereby irrevocably instructed by the parties to comply with such notice or instruction. The Cash Management Bank hereby agrees to deliver prompt written notice of any deficiency in the Cash Management Account (relative to any Disbursement Instruction) to Borrower and Administrative Agent within three Business Days prior to any applicable disbursement date specified in a Disbursement Instruction, but Borrower agrees that failure of the Cash Management Bank to deliver such notice shall not in any way alter the obligations of Borrower u...
Disbursements from the Accounts
