Gen Lead Account. The Borrower and the Security Agent have established with the Securities Intermediary an account entitled the “Stetson Gen Lead Account” (account number 0000000) (the “Gen Lead Account”). All proceeds paid or payable to or for the account of the Borrower or any Project Company or otherwise received by any Affiliate of the Borrower in connection with the Permitted Transmission Lien Transfer shall be deposited in the Gen Lead Account. Immediately, but in no event no later than the following Business Day after the Gen Lead Distribution Test conditions have been satisfied, which shall remain satisfied after giving effect to any proposed distribution, the funds on deposit in the Gen Lead Account shall be transferred to Member, or any other Affiliate designated by Borrower, as a distribution.
Appears in 4 contracts
Samples: Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.)
