Common use of Payments to the Company Clause in Contracts

Payments to the Company. Notwithstanding the provisions of Sections 1.1 and 1.3, unless and until the Corporate Trustee shall have given written notice to the System Operating Companies 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 Section 4 of the Availability Agreement or advanced pursuant to Section 2.2(b) hereof with respect to Xxxx Xx. 0 xxx Xxxx Xx. 0 shall be paid or advanced directly to the Company and the Company need not separately identify the respective portions of payments or advances as provided in Section 1.3 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 payments or advances. If the Corporate Trustee shall have duly notified the System Operating Companies of the occurrence of any such Default, such payments or advances shall be made in the manner and in the amounts specified in Section 1.3 hereof until the Corporate Trustee shall by further notice to the System Operating Companies give permission that all such payments or advances 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 1.4. The Corporate Trustee shall give such permission if no such Default continues to exist.

Payments to the Company. Notwithstanding the provisions of Sections 1.1 and 1.3, unless and until the Corporate Trustee shall have given written notice to the System Operating Companies of the occurrence and continuance of any Event of Default (as defined in the IndentureRestated Mortgage), all moneys paid or to be paid to the Company pursuant to Section 4 of the Availability Agreement or advanced pursuant to Section 2.2(b) hereof with respect to Xxxx Xx. 0 xxx Xxxx Xx. 0 shall be paid or advanced directly to the Company and the Company need not separately identify the respective portions of payments or advances as provided in Section 1.3 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 payments or advances. If the Corporate Trustee shall have duly notified the System Operating Companies of the occurrence of any such Event of Default, such payments or advances shall be made in the manner and in the amounts specified in Section 1.3 hereof until the Corporate Trustee shall by further notice to the System Operating Companies give permission that all such payments or advances 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 1.4. The Corporate Trustee shall give such permission if no such Event of Default continues to exist.

Payments to the Company. Notwithstanding the provisions of Sections 1.1 5.1. and 1.35.3, unless and until the Corporate Trustee Administrating Bank shall have given written notice to the System Operating Companies Entergy of the occurrence and continuance of any Reimbursement Event of Default or Prepayment Event (as defined in the IndentureAmended and Restated Reimbursement Agreement), all moneys paid or to be paid to the Company pursuant to Section 4 Sections 1.2, 1.3 and 1.4 of the Availability this Agreement or advanced pursuant to Section 2.2(b) hereof with respect to Xxxx Xx. 0 xxx Xxxx Xx. 0 shall be paid or advanced directly to the Company and the Company need not separately identify the respective portions of payments or advances as provided in Section 1.3 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 payments or advancespayment. If the Corporate Trustee Administrating Bank shall have duly notified the System Operating Companies Entergy of the occurrence of any such DefaultReimbursement Event of Default or Prepayment Event, such payments or advances shall be made in the manner and in the amounts specified in Section 1.3 5.3 hereof until the Corporate Trustee Administrating Bank shall by further notice to the System Operating Companies Entergy give permission that all such payments or advances 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 1.45.4. 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 1.1 5.1. and 1.35.3, unless and until the Corporate Trustee Administrating Bank shall have given written notice to the System Operating Companies Entergy of the occurrence and continuance of any Reimbursement Event of Default or Prepayment Event (as defined in the IndentureAmended Reimbursement Agreement), all moneys paid or to be paid to the Company pursuant to Section 4 Sections 1.2, 1.3 and 1.4 of the Availability this Agreement or advanced pursuant to Section 2.2(b) hereof with respect to Xxxx Xx. 0 xxx Xxxx Xx. 0 shall be paid or advanced directly to the Company and the Company need not separately identify the respective portions of payments or advances as provided in Section 1.3 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 payments or advancespayment. If the Corporate Trustee Administrating Bank shall have duly notified the System Operating Companies Entergy of the occurrence of any such DefaultReimbursement Event of Default or Prepayment Event, such payments or advances shall be made in the manner and in the amounts specified in Section 1.3 5.3 hereof until the Corporate Trustee Administrating Bank shall by further notice to the System Operating Companies Entergy give permission that all such payments or advances 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 1.45.4. 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 1.1 and 1.3, unless and until the Corporate Trustee shall have given written notice to the System Operating Companies 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 Section 4 of the Availability Agreement or advanced pursuant to Section 2.2(b) hereof with respect to Xxxx XxUnit Nx. 0 xxx Xxxx Xx. 0 shall xxxxx be paid or advanced directly to the Company and the Company need not separately identify the respective portions of payments or advances as provided in Section 1.3 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 payments or advances. If the Corporate Trustee shall have duly notified the System Operating Companies of the occurrence of any such Default, such payments or advances shall be made in the manner and in the amounts specified in Section 1.3 hereof until the Corporate Trustee shall by further notice to the System Operating Companies give permission that all such payments or advances 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 1.4. The Corporate Trustee shall give such permission if no such Default continues to exist.

Payments to the Company. Notwithstanding the provisions of Sections 1.1 and 1.3, unless and until the Corporate Trustee shall have given written notice to the System Operating Companies 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 Section 4 of the Availability Agreement or advanced pursuant to Section 2.2(b) hereof with respect to Xxxx Xx. 0 xxx Xxxx Xx. 0 shall be paid or advanced directly to the Company and the Company need not separately identify the respective portions of payments or advances as provided in Section 1.3 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 payments or advances. If the Corporate Trustee shall have duly notified the System Operating Companies of the occurrence of any such Event of Default, such payments or advances shall be made in the manner and in the amounts specified in Section 1.3 hereof until the Corporate Trustee shall by further notice to the System Operating Companies give permission that all such payments or advances 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 1.4. The Corporate Trustee shall give such permission if no such Event of Default continues to exist.