Common use of Scheduled Senior Debt Service Payment Date Clause in Contracts

Scheduled Senior Debt Service Payment Date. Except during a Default Period, on any Scheduled Senior Debt Service Payment Date on which there shall be insufficient funds in the Project Control Account, the Delay Damages Subaccount and the Additional Collateral Account to make all of the transfers required pursuant to clauses fourth through sixth of Section 5.3(a), the Security Agent shall, on such Scheduled Senior Debt Service Payment Date, transfer from the Debt Service Reserve Account to the Persons or into the Accounts, as the case may be, specified in such clauses fourth through sixth of Section 5.3(a), in the order of priority set forth therein, the amounts then due and payable to such Persons and into such Accounts pursuant to such clauses (after giving effect to transfers by the Security Agent from the Project Control Account, the Delay Damages Subaccount and the Additional Collateral Account on such Scheduled Senior Debt Service Payment Date of all funds on deposit therein in accordance with Sections 5.3(a), 5.7(e) and 5.5(a), respectively).

Scheduled Senior Debt Service Payment Date. Except during a Default Period, on any Scheduled Senior Debt Service Payment Date on which there shall be insufficient funds in the Project Control Account, Account and the Delay Damages Subaccount and of the Additional Collateral Special Payment Account to make all of the transfers required pursuant to clauses fourth through sixth of Section 5.3(a), the Security Agent shall, on such Scheduled Senior Debt Service Payment Date, transfer from the Debt Service Reserve Additional Collateral Account to the Persons or into the Accounts, as the case may be, specified in such clauses fourth through sixth of Section 5.3(a), in the order of priority set forth therein, the amounts then due and payable to such Persons and or into such Accounts pursuant to such clauses (after giving effect to transfers by the Security Agent from the Project Control Account, Account and the Delay Damages Subaccount and of the Additional Collateral Special Payment Account on such Scheduled Senior Debt Service Payment Date of all funds on deposit therein in accordance with Sections 5.3(a), 5.7(e) and 5.5(a5.7(e), respectively).

Scheduled Senior Debt Service Payment Date. Except during a Default Period, on any Scheduled Senior Debt Service Payment Date on which there shall be insufficient funds in the Project Control Account, the Delay Damages Subaccount and the Additional Collateral Account to make all of the transfers required pursuant to clauses fourth fifth through sixth seventh of Section 5.3(a), the Security Agent shall, on such Scheduled Senior Debt Service Payment Date, transfer from the Debt Service Reserve Account to the Persons or into the Accounts, as the case may be, specified in such clauses fourth fifth through sixth seventh of Section 5.3(a), in the order of priority set forth therein, the amounts then due and payable to such Persons and into such Accounts pursuant to such clauses (after giving effect to transfers by the Security Agent from the Project Control Account, the Delay Damages Subaccount and the Additional Collateral Account on such Scheduled Senior Debt Service Payment Date of all funds on deposit therein in accordance with Sections 5.3(a), 5.7(e) and 5.5(a), respectively).

Scheduled Senior Debt Service Payment Date. Except during a Default Period, on any Scheduled Senior Debt Service Payment Date on which there shall be insufficient funds in the Project Control Account, Account and the Delay Damages Subaccount and of the Additional Collateral Special Payment Account to make all of the transfers required pursuant to clauses fourth fifth through sixth seventh of Section 5.3(a), the Security Agent shall, on such Scheduled Senior Debt Service Payment Date, transfer from the Debt Service Reserve Additional Collateral Account to the Persons or into the Accounts, as the case may be, specified in such clauses fourth fifth through sixth seventh of Section 5.3(a), in the order of priority set forth therein, the amounts then due and payable to such Persons and or into such Accounts pursuant to such clauses (after giving effect to transfers by the Security Agent from the Project Control Account, Account and the Delay Damages Subaccount and of the Additional Collateral Special Payment Account on such Scheduled Senior Debt Service Payment Date of all funds on deposit therein in accordance with Sections 5.3(a), 5.7(e) and 5.5(a5.7(e), respectively).