Construction Account. (a) The Administrative Agent shall, upon receipt by it of a Borrowing Notice with attached payment instructions or a certificate of the Company setting forth the costs due and payable and to be paid from the Construction Account, distribute, from the cash available in the Construction Account, to the Company for the benefit of the Persons entitled thereto, all amounts then due and owing as set forth in such certificate. In order to fund the payment of such costs, the Administrative Agent shall transfer the requisite funds into the Construction Account from the following sources (in the indicated priority): 136 FIRST, from the Pre-Sale Proceeds Account, all funds on deposit therein (or such lesser amount as may be required to cover such costs); SECOND, to the extent such costs are not fully covered by the amounts transferred from the Pre-Sale Proceeds Account, from the Debt Proceeds Account, all funds on deposit therein (or such lesser amount as may be required to cover such costs); and THIRD, to the extent such costs are not fully covered by the amounts transferred from the Pre-Sale Proceeds Account and the Debt Proceeds Account and PROVIDED that the Company shall have obtained (whether by way of Capacity Commitments or actual cash proceeds) not less than $200,000,000, in Requisite Qualifying Pre-Sales, from the Equity Proceeds Account, all funds on deposit therein (or such lesser amount as may be required to cover such costs).
(b) On the Conversion Date, the Administrative Agent shall, upon receipt by it of a certificate of the Company stating that all costs to be paid from the Construction Account have been paid or are no longer payable, distribute, from the cash available in the Construction Account, the amounts set forth in such certificate in the following order of priority: FIRST, to the Administrative Agent, to be applied to the payment of all accrued but unpaid interest on the Construction Loans or the Term Loans, as applicable; SECOND, to the Administrative Agent, to be applied to the payment of all accrued but unpaid interest on the Revolving Credit Loans, if any; THIRD, to the Administrative Agent, to be applied to the prepayment of the unpaid principal of the Revolving Credit Loans, if any; FOURTH, to the Administrative Agent, to be applied to the prepayment of the unpaid principal of the Construction Loans or the Term Loans, as applicable; FIFTH, to the Administrative Agent, to be applied to the cash collateralization of the unused Revolving C...
Construction Account. The proceeds of the borrowing hereby authorized not disbursed contemporaneously with loan closing for incurred Facility costs, and at least the amount of to be contributed by the Organization from the collection of initial connection fees, membership fees or contributions shall be deposited in the Construction Account which shall be established as required by the Government. Withdrawals from the construction account shall be made only on checks signed by the as a "supervised bank account". Amounts in the supervised bank account exceeding $100,000 shall be secured by the depository bank in advance in accordance with U.S. Treasury Department Circular No. 176. Withdrawals from a supervised bank account shall be made only on checks signed by the of the Organization and countersigned by an authorized official of the Department of Agriculture. The Organization’s share of any insurance or liquidated damages and other monies paid by defaulting contractors or their sureties will be deposited in the Construction Account to assure completion of the Facility. When all construction costs have been paid in full, any balance remaining in the Construction Account may be applied on the loan or used for other authorized purposes that have been approved by the Government and the Construction Account shall be closed.
Construction Account. The Company shall deposit into the Construction Account the amounts required to be deposited pursuant to this Article VIII.
Construction Account. (2) Pre-Sale Proceeds Account; (3) Debt Proceeds Account; (4) Equity Proceeds Account; (5) Revenue Account; (6)
Construction Account. No later than 2:00 p.m. on the date specified in each Notice of Borrowing, if the applicable conditions precedent listed in Article 3 have been satisfied and to the extent Administrative Agent shall have received the appropriate funds from the Banks, Administrative Agent will make available the Loans requested in such Notice of Borrowing (or so much thereof as the Banks shall have approved pursuant to this Agreement) in Dollars and in immediately available funds, at Administrative Agent's New York Branch, and shall deposit such Loans into the Construction Account.
Construction Account. “Construction Account” shall have the meaning assigned to that term in paragraph 5.5 of this Agreement.
Construction Account. 109 7.1.1 Establishment of Account............................................................. 109 7.1.2 Disbursements from Construction Account.............................................. 109 7.1.3 Rights of Administrative Agent....................................................... 110 7.2 Revenue Account............................................................................... 111 7.2.1 Establishment of Account; Priority of Payments....................................... 111 7.2.2 O&M Costs............................................................................ 112 7.2.3 Subordinated O&M Costs............................................................... 113 7.2.4 Mandatory Prepayment................................................................. 113 7.3 Operating Account............................................................................. 113 7.3.1 Establishment of Account............................................................. 114 7.3.2 Funding.............................................................................. 114 7.3.3 Withdrawals.......................................................................... 114 7.3.4
Construction Account. The Trustee shall establish, maintain and hold in trust a separate account designated as the “Construction Account” and within the Construction Account, one or more subaccounts as established by the Supplemental Indenture with respect to each Series of Bonds. The moneys in the subaccounts of the Construction Account shall be disbursed by the Trustee as set forth in the Supplemental Indenture with respect to each Series of Bonds. Investment earnings on amounts on deposit in a subaccount of the Construction Account shall remain
Construction Account. No later than 2:00 p.m. Denver time on the date specified in each Notice of Borrowing, if the applicable conditions precedent listed in Article 3 have been satisfied or waived in accordance with the terms thereof and, subject to Section 2.1.7(d), to the extent Administrative Agent shall have received the appropriate funds from the Lenders, Administrative Agent shall make available the Construction Loans and Renegy Term Loans requested in such Notice of Borrowing (or so much thereof as shall have been determined pursuant to Section 3.6) in Dollars and in immediately available funds, and shall deposit or cause to be deposited the proceeds of such Construction Loans and Renegy Term Loans into the Construction Account.
Construction Account. Prior to the Substantial Completion Date, except for amounts required to be deposited in other Project Accounts pursuant to this Article V, all (i) net proceeds of the Series 2017 Bonds (in respect of the loan made pursuant to the Series 2017 Loan Agreement),
