Common use of Deposits into Escrow Account Clause in Contracts

Deposits into Escrow Account. (i) The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account: (a) all funds constituting the Financial Package; (b) all Fee, deposits in all form and any other revenues from or in respect of the Project, including the proceeds of any rentals, deposits, capital receipts or insurance claims; and (c) all payments by the Authority, after deduction of any outstanding Concession Fee. Provided that the Senior Lenders may make direct disbursements to the EPC Contractor in accordance with the express provisions contained in this behalf in the Financing Agreements. (ii) The Authority agrees and undertakes that, as and when due and payable, it shall deposit into and/or credit the Escrow Account with: (a) the relevant tranches of the Loan Facility, in accordance with the Concession Agreement;