Corporation's Source of Funds for Capital Expenses Sample Clauses

Corporation's Source of Funds for Capital Expenses. Notwithstanding any provision to the contrary contained in this Agreement, until the Bonds are no longer Outstanding, (i) Corporation's obligations to provide funds for Capital Expenses shall be limited to funds in the Renewal and Replacement Fund, the Supplemental Renewal and Replacement Fund, the Excess Revenues Fund and the Cash Trap Fund and (ii) the availability of funds for Capital Expenses or any other expenses shall be limited to the extent provided in the Indenture. For the avoidance of doubt, Manager may also request funds for the payment of certain Capital Expenses from the Operating Reserve pursuant to Section 5.08(a) of the Indenture. In any event, Manager shall exercise commercially reasonable efforts consistent with the Operating Standard to schedule and budget for Capital Expenses in a fashion that permits funding solely from the Renewal and Replacement Fund (to the extent available under the Indenture) and the Supplemental Renewal and Replacement Fund.
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