Disbursements from Operating Account i. From the funds collected and deposited by the Manager in the Operating Account pursuant to subsection 3.b. above, the Manager will make the following disbursements promptly when payable:
Disbursements from Operating Account. 1. The Management Company will make the following disbursements promptly when payable from the funds collected and deposited by the Management Company in the Operating Account:
Disbursements from Operating Account. Following receipt by the Depositary Agent of a duly completed and executed Withdrawal Certificate detailing the amounts and Persons to be paid, the Depositary Agent shall transfer funds in the Operating Account to any Person to whom a payment is due, or is expected to become due within 45 days of the date of such Withdrawal Certificate, in respect of Operation and Maintenance Expenses, in each case as, when and to the extent specified in such Withdrawal Certificate.
Disbursements from Operating Account. Owner shall assist Manager in timely obtaining funds for the payment of Operating Expenses in accordance with the terms of the Basic Documents and place such funds in the Operating Account. Manager shall disburse such funds to pay promptly all expenses authorized in the Approved Budget (as hereinafter defined) or otherwise under the terms of this Agreement. For priority of payment purposes, the Monthly Fee as well as any Reimbursable Costs shall be paid out of first available revenues.
Disbursements from Operating Account. (a) Timing and Priority of Disbursements. Subject to Article XI and ------------------------------------ Section 15.03 of this Disbursement Agreement and provided the Disbursement Agent shall not have received an Agent Default Notice or, following receipt of an Agent Release Notice, a Lessor Default Notice (which in either case shall not have been withdrawn by the further receipt of a Default Notice Withdrawal) upon satisfaction of any condition described below, the Disbursement Agent shall disburse, from the cash available in the Operating Account, the following amounts to the extent thereof at the times, for the purposes and in the order of priority set forth below:
Disbursements from Operating Account. Beginning in the second Calendar Quarter following the Commercial Operation Date of the first Phase, Owner (acting through its General Manager) may direct Operator to transfer Available Cash from the Operating Account to another account of Owner. Operator shall, at least thirty-one (31) days prior to the end of each Calendar Quarter, provide written notice to Owner of Operator’s determination of Available Cash, including information as to the cash balance in the Operating Account, anticipated cash receipts and disbursements, the estimated Cash Reserves required, and such other information reasonably requested by Owner. Operator shall provide such other information reasonably requested by Owner as soon as reasonably practicable, but no later than five (5) days following such request. If necessary, Operator shall request from Owner and the relevant Construction Manager any information necessary for Operator to fulfill its duties pursuant to this Agreement (including this Section 10.3). Failure of Operator to fulfill its obligations pursuant to this Section 10.3 solely as a result of the failure of (a) a Construction Manager or (b) Owner, in each case, to provide Operator with any information Operator has reasonably requested from such Construction Manager or Owner, as applicable, shall not be deemed to be a breach of Operator’s duties hereunder.
Disbursements from Operating Account a. OPERATING EXPENSES Agent is hereby authorized to reimburse itself for all costs and expenses of operating the premises and for any other sums due to the Agent under this Agreement, including Agent’s compensation.
Disbursements from Operating Account
