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.
Appears in 6 contracts
Samples: Form of Direct Agreement, Form of Direct Agreement, Form of Direct Agreement
Department Payments under the Comprehensive Agreement. (a) The 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 Designated Department Funding Sub-Account) into the Revenue Account and the Developer 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.
Appears in 3 contracts
Samples: 395 Direct Agreement, Direct Agreement, Direct Agreement
Department Payments under the Comprehensive Agreement. (ai) The Department willshall, unless directed otherwise by the Collateral Agent, deposit all amounts payable by it under the Comprehensive Agreement into the Designated Account and the Developer Concessionaire agrees that any payment made in accordance with this Section 2.03 will shall constitute a complete discharge of the Department’s 's relevant payment obligations under the Comprehensive Agreement.
Appears in 1 contract
Samples: Direct Agreement
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 ... (b) The Collateral Agent acknowledges that all of the Department’s relevant payment obligations under to the Developer pursuant to the Comprehensive Agreement are subject to Section 25.19 of the Comprehensive Agreement.
Appears in 1 contract
Samples: Direct Agreement
