Common use of Payments to the Company Clause in Contracts

Payments to the Company. Notwithstanding the provisions of Sections 5.1 and 5.3, unless and until the Corporate Trustee shall have given written notice to Entergy of the occurrence and continuance of any Default (as defined in the Indenture), all moneys paid or to be paid to the Company pursuant to Sections 1.2, 1.3 and 1.4 of this Agreement shall be paid directly to the Company and the Company need not separately identify the respective portions of payments as provided in Section 5.3 hereof, provided that notice as to the amount of any such payments or advances shall be given by the Company to the Corporate Trustee simultaneously with the demand by the Company for any such payment. If the Corporate Trustee shall have duly notified Entergy of the occurrence of any such Default, such payments shall be made in the manner and in the amounts specified in Section 5.3 hereof until the Corporate Trustee shall by further notice to Entergy give permission that all such payments may be made again to the Company, such permission being subject to revocation by a subsequent notice pursuant to the first sentence of this Section 5.4. The Corporate Trustee shall give such permission if no such Default continues to exist.

Payments to the Company. Notwithstanding the provisions of Sections 5.1 and 5.3, unless and until the Corporate Trustee Administrating Bank shall have given written notice to Entergy of the occurrence and continuance of any Reimbursement Event of Default (as defined in the Indenture)or Prepayment Event, all moneys paid or to be paid to the Company pursuant to Sections 1.2, 1.3 and 1.4 of this Agreement shall be paid directly to the Company and the Company need not separately identify the respective portions of payments as provided in Section 5.3 hereof, provided that notice as to the amount of any such payments or advances shall be given by the Company to the Corporate Trustee Administrating Bank simultaneously with the demand by the Company for any such payment. If the Corporate Trustee Administrating Bank shall have duly notified Entergy of the occurrence of any such DefaultReimbursement Event of Default or Prepayment Event, such payments shall be made in the manner and in the amounts specified in Section 5.3 hereof until the Corporate Trustee Administrating Bank shall by further notice to Entergy give permission that all such payments may be made again to the Company, such permission being subject to revocation by a subsequent notice pursuant to the first sentence of this Section 5.4. The Corporate Trustee Administrating Bank shall give such permission if no such Reimbursement Event of Default or Prepayment Event continues to exist.

Payments to the Company. Notwithstanding the provisions of Sections 5.1 and 5.3, unless and until the Corporate Trustee shall have given written notice to Entergy of the occurrence and continuance of any Event of Default (as defined in the Restated Indenture), all moneys paid or to be paid to the Company pursuant to Sections 1.2, 1.3 and 1.4 of this Agreement shall be paid directly to the Company and the Company need not separately identify the respective portions of payments as provided in Section 5.3 hereof, provided that notice as to the amount of any such payments or advances shall be given by the Company to the Corporate Trustee simultaneously with the demand by the Company for any such payment. If the Corporate Trustee shall have duly notified Entergy of the occurrence of any such Event of Default, such payments shall be made in the manner and in the amounts specified in Section 5.3 hereof until the Corporate Trustee shall by further notice to Entergy give permission that all such payments may be made again to the Company, such permission being subject to revocation by a subsequent notice pursuant to the first sentence of this Section 5.4. The Corporate Trustee shall give such permission if no such Event of Default continues to exist.