Department Payments under the Comprehensive Agreement Sample Clauses

Department Payments under the Comprehensive Agreement. (a) The Department will, unless directed otherwise by the Collateral Agent, deposit all amounts payable by it under the Comprehensive Agreement into the Designated Account and the Developer agrees that any payment made in accordance with this Section 2.03 will constitute a complete discharge of the Department’s relevant payment obligations under the Comprehensive Agreement. (b) The Collateral Agent acknowledges that all of the Department’s payment obligations to the Developer pursuant to the Comprehensive Agreement are subject to Section
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Department Payments under the Comprehensive Agreement. (a) With the exception of Future Borrower Damages, the Department will, unless directed otherwise by the Collateral Agent, deposit all amounts payable by it under the Comprehensive Agreement (other than the 395 Public Funds Amount, which the Department shall deposit into the Department Funding Sub-Account) into the Revenue Account and the Concessionaire agrees that any payment made in accordance with this Section 2.03 will constitute a complete discharge of the Department’s relevant payment obligations under the Comprehensive Agreement. (b) The Department will, unless directed otherwise by the Collateral Agent, deposit all lump sum payments with respect to Future Borrower Damages payable by it under the Comprehensive Agreement, into the Designated Account. (c) The Collateral Agent acknowledges that all of the Department’s payment obligations to the Concessionaire pursuant to the Comprehensive Agreement are subject to Section 25.19 of the Comprehensive Agreement.
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Department Payments under the Comprehensive Agreement. (a) With the exception of Future Borrower Damages, the Department will, unless directed otherwise by the Collateral Agent, deposit all amounts payable by it under the Comprehensive Agreement (other than the 395 Public Funds Amount, which the Department shall deposit into the Department Funding Sub-Account, and other than Xxxx Ex Department Committed Contingency, which, at the option of the Department, in its sole discretion, may be netted by the Concessionaire as a deduction from the Final Permit Fee Buyout Payment) into the Revenue Account and the Concessionaire agrees that any payment made in accordance with this Section
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