Requisition Amendment Clause Samples

Requisition Amendment. Section 510 of the Company Lease Agreement is hereby amended such that in addition to any existing authorized payee of properly requisitioned funds, such requisitions signed by an Authorized Officer of the Project Company may also designate that all or a portion of such requisitioned funds may be transferred to the Revenue Account of the Revenue Fund (or any other Fund including the Debt Service Fund), for eventual transfer to the Debt Service Fund, or any other fund or account under the Bond Resolution as determined by Authorized Officer in writing, as a set-off to any amounts otherwise due and owing to the Project Company under the EPC Contract.