Common use of Deposits Irrevocable Clause in Contracts

Deposits Irrevocable. Any deposit made into the Accounts hereunder shall be irrevocable and all cash, cash equivalents, instruments, investments and other securities on deposit shall be held in trust by the Collateral Agent, and applied solely as provided herein.

Appears in 4 contracts

Samples: Security Deposit Agreement (Eme Homer City Generation Lp), Security Deposit Agreement (Eme Homer City Generation Lp), Security Deposit Agreement (Eme Homer City Generation Lp)

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Deposits Irrevocable. Any deposit made into the -------------------- Accounts hereunder shall be irrevocable and all cash, cash equivalents, instruments, investments and other securities on deposit shall be held in trust by the Collateral Agent, and applied solely as provided herein.

Appears in 1 contract

Samples: Security Deposit Agreement (Edison Mission Energy)

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Deposits Irrevocable. Any deposit made into the Accounts hereunder shall be irrevocable and all cash, cash equivalents, instruments, investments and other securities on deposit shall be held in trust by the Collateral Agent, and applied solely as provided herein.. ARTICLE IV

Appears in 1 contract

Samples: Security Deposit Agreement (Eme Homer City Generation Lp)

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