Transfers from Accounts. During the Continuance of an Event of Default. During the existence and continuance of an Event of Default, the Collateral Agent shall not accept any instructions from the Company with respect to any transfer or withdrawal of funds on deposit in, or credited to, any Pledged Account and, in such circumstances, the Collateral Agent may direct the investment, transfer or withdrawal of funds in the Pledged Accounts without further consent by the Company.
Transfers from Accounts. 21 Section 5.1 Institutional Loan Proceeds Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 5.2 Construction Account; Bond Transfer Accounts . . . . . . . . . . . . . . . . . . . . . . . . . 22 Section 5.3 Project Control Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Section 5.4 Repair and Maintenance Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 5.5 Additional Collateral Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 5.6 Debt Service Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Section 5.7 Special Payment Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 5.8 Distributions Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Section 5.9 Final Completion Escrow Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Section 5.10 Accrued Interest Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Section 5.11 Insurance and Property Tax Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Section 5.12 Greenhouse Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Section 5.13 Delivery of Request Letters, Disbursement Requests . . . . . . . . . . . . . . . . . . . . . . 34 Section 5.14
Transfers from Accounts. Section 5.1 Institutional Loan Proceeds Account. (a) Except during a Default Period, on any Monthly Construction Disbursement Date on which Institutional Loans are borrowed under the Project Loan Agreement and deposited into the Institutional Loan Proceeds Account, if the Extension of Credit Request received by the Security Agent with respect to such borrowing specifies that all or a portion of the proceeds of such Institutional Loans are to be applied to pay Project Costs, or prepay Bank Loans and/or Equity Funding Loans, the Security Agent shall, on such Monthly Construction Disbursement Date, subject to the satisfaction of the conditions set forth in Section 9.2 of the Project Loan Agreement, transfer from the Institutional Loan Proceeds Account to the Construction Account, the amount specified in such Extension of Credit Request to be applied to the payment of Project Costs or the prepayment of Bank Loans and/or Equity Funding Loans, as the case may be. Any portion of Institutional Loans deposited into the Institutional Loan Proceeds Account on a Monthly Construction Disbursement Date which is not transferred from the Institutional Loan Proceeds Account on such date in accordance with this paragraph (a) shall be retained in the Institutional Loan Proceeds Account pending further application in accordance with paragraph (b) or (c) below or, during a Default Period, Section 5.15.
Transfers from Accounts. 23 SECTION 4.1. Revenue Account...................................................... 23 SECTION 4.2. [Reserved]........................................................... 24 SECTION 4.3. Environmental Capital Expenditure Account............................ 24 SECTION 4.4. Recovery Event Proceeds Account...................................... 25 SECTION 4.5. Loan Principal and Accrued Interest Accounts......................... 25 SECTION 4.6. Refinancing Indebtedness Principal and Accrued Interest Accounts..... 26
Transfers from Accounts. 21 Section 5.1 Institutional Loan Proceeds Account....................................................... 21 Section 5.2 Construction Account; Bond Transfer Accounts.............................................. 22 Section 5.3 Project Control Account................................................................... 24 Section 5.4 Repair and Maintenance Account............................................................ 27 Section 5.5 Additional Collateral Account............................................................. 28 Section 5.6 Debt Service Reserve Account.............................................................. 29 Section 5.7 Special Payment Account................................................................... 30 Section 5.8 Distributions Account..................................................................... 32 Section 5.9 Final Completion Escrow Account........................................................... 33 Section 5.10 Accrued Interest Account................................................................. 33 Section 5.11 Insurance and Property Tax Reserve Account............................................... 34 Section 5.13 Delivery of Request Letters, Disbursement Requests....................................... 34 Section 5.14
Transfers from Accounts
