Common use of Deposits into Escrow Account Clause in Contracts

Deposits into Escrow Account. The SPD and/or Railways, as the case may be, 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 payments on account of tariff and any other revenues from or in respect of the solar power projects, including the proceeds of any rentals, deposits, capital receipts or insurance claims; and (c) all payments by Railways, after deduction of any outstanding Agreement Fee: Provided that the Senior Lender’s may make direct disbursements to the EPC Contractor in accordance with the express provisions contained in this behalf in the Financing Agreements.

Deposits into Escrow Account. The SPD and/or and /or Railways, as the case may be, 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 payments on account of tariff and any other revenues from or in respect of the solar power projects, including the proceeds of any rentals, deposits, capital receipts or insurance claims; and (c) all payments by Railways, after deduction of any outstanding Agreement Fee: Provided that the Senior Lender’s may make direct disbursements to the EPC Contractor in accordance with the express provisions contained in this behalf in the Financing Agreements.