Disbursements from Construction Account. Amounts shall be disbursed from each Construction Sub-Account from time to time as provided in this Section 7.1. Borrower shall have the right to cause Administrative Agent (a) to disburse amounts from the Construction Sub-Account for the corresponding Project to the accounts of each of the Contractors performing work on such Project for amounts due and owing to such Contractors under the Construction Contracts, or to any other materialmen, subcontractors, Administrative Agent or any other Person performing work on such Project in payment of amounts due and owing to such parties in respect of such Project in accordance with a duly completed Construction Drawdown Certificate, (b) to transfer up to $250,000 in any month from the Construction Sub-Account with respect to a Project to the Operating Account with respect to such Project to pay specified amounts of less than $50,000, individually, (c) to maintain up to $100,000 in any Operating Account by transferring amounts from the corresponding Construction Sub-Account to pay unspecified amounts (the expenditure of which shall be identified, and substantiated to the reasonable satisfaction of Administrative Agent in the immediately subsequent Construction Drawdown Certificate), (d) to disburse amounts from the Turbine Purchase Sub-Account for the corresponding Turbine to the account of the Turbine Purchase Contractor performing work with respect to such Turbine in payment for amounts due and owing to such Turbine Purchase Contractor under the Turbine Purchase Contract in accordance with a duly completed Turbine Purchase Drawdown Certificate, and (e) to transfer amounts (i) from the Construction Sub-Account for the corresponding Project to the Operating Account with respect to such Project for payment by Borrower of amounts due and owing to Contractors under the Construction Contracts or to any other materialmen, subcontractors or other Persons performing work on such Project of amounts due and owing to such parties in respect of such Project in accordance with a duly completed Construction Drawdown Certificate and (ii) from the Turbine Purchase Sub-Account for the corresponding Turbine to the Operating Account for payment by Borrower of amounts due and owing to the Turbine Purchase Contractor performing work with respect to such Turbine for amounts due and owing to such Turbine Purchase Contractor under the Turbine Purchase Contract in accordance with a duly completed Turbine Purchase Drawdown Certificate. Bor...
Disbursements from Construction Account. (a) Distribution on or after Effective Date. Upon receipt by the --------------------------------------- Disbursement Agent of written notice from Agent and Lessor from time to time prior to December 31, 1996, the Disbursement Agent shall apply amounts remaining in the Construction Account to the payment of costs, fees and expenses incurred or to be incurred in connection with improvements to the boiler area of the Facility and the ash handling area of the Facility.
Disbursements from Construction Account. Amounts shall be disbursed from the Construction Account from time to time subject to the satisfaction (or waiver) of the provisions of Section 3.2 and this Section 7.1. Borrower shall have the right to cause Agent to disburse amounts from the Construction Account to the accounts of each of the Contractors for amounts due and owing to such Contractors under the Construction Contracts, or to any other materialmen, subcontractors, the Agent or any other Person in payment of amounts due and owing to such parties from Borrower in accordance with a duly completed Drawdown Certificate. Borrower agrees that Agent may transfer any or all of a Construction Loan and other sums in the Construction Account directly into the account of any Contractor for amounts due and owing to such Contractor under the relevant Construction Contract, or any other materialmen or subcontractors in payment of amounts due and owing to such parties from Borrower without further authorization from Borrower; provided, however, that if Borrower has notified Agent that
Disbursements from Construction Account. Not later than one day following the Remarketing Date, there shall be transferred from the Construction Account to the Construction and Operating Costs Contingency Fund the sum of up to $2,199,466.99, representing reimbursement and recontribution to the Project of eligible project costs identified in the Equity Costs Certificate. Disbursements from the Construction Account of the Project Fund shall be applied for the payment or reimbursement of the following costs:
Disbursements from Construction Account
