Disbursements from the Revenue Account. Account Funds on deposit in or credited to the Revenue Account shall be used only for the purposes described in this Section 4.1.2. So long as no Default or Event of Default has occurred and is continuing, at least five Business Days prior to each Monthly Date (or, at the Issuers' option, Quarterly Date), the Issuers shall deliver a Disbursement Request, substantially in the form attached hereto as Exhibit A (a "Disbursement Request"), to the Collateral Agent (with a copy to the Depositary Agent) specifying the disbursements to be made from the Revenue Account on such Monthly Date or Quarterly Date, as applicable. With regard to disbursements on any date which may be either a Monthly Date or a Quarterly Date, the Issuers shall specify in the relevant Disbursement Request whether such date shall be treated as a Monthly Date or a Quarterly Date. The designation selected by the Issuers pursuant to the preceding sentence shall apply to all disbursements on such date, and in the event that the Issuers select a Quarterly Date, no Disbursement Request pertaining to disbursements from the Revenue Account shall be accepted by the Collateral Agent on the following two Monthly Dates. So long as no Default or Event of Default has occurred and is continuing at the time disbursements are to be made, the Collateral Agent shall direct the Depositary Agent to make such disbursements from the Revenue Account to the extent the Account Funds in the Revenue Account are available, in accordance with the following priority (each, a "Waterfall Level"), on such Monthly Date or Quarterly Date, as applicable: First, transfer to the Operating Account an amount equal to all Operating Expenses then due and payable or reasonably expected to be due and payable in the next month or quarter, as applicable (including the purchase price payable by MSW Holdings at the closing of the acquisition of Duke Erie, and any purchase price adjustment, pursuant to Section 2.3 of the Equity Purchase Agreement to the extent funds therefor have not been deposited in the Reserve Account at the closing of the Offering, minus amounts then on deposit in the Operating Account; Second, transfer to the Senior Notes Interest Payment Account such amount as is required to cause the amount of Account Funds on deposit in the Senior Notes Interest Payment Account to equal the interest on (i) the Notes and (ii) any ARC Acquisition Indebtedness, in each case, due and payable both on the next succeeding Interest Payment ...
Disbursements from the Revenue Account. (a) To cause the withdrawal or transfer of amounts on deposit in the Revenue Account, the Company shall submit to Collateral Agent and each Holder a set of Account Withdrawal Documents at least four Business Days prior to the last Business Day of each calendar month. Unless Collateral Agent and the Company have received from the Required Holders a written objection with respect to the Account Withdrawal Documents within three Business Days from the Company’s delivery thereof, Collateral Agent shall sign the applicable Account Withdrawal Instructions and deliver such Account Withdrawal Instructions to Depositary at least one Business Day prior to the last Business Day of the month in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable.
Disbursements from the Revenue Account. (a) From and after the Commercial Operation Date, to cause withdrawal or transfer of amounts on deposit in the Revenue Account, Borrower shall submit to Lender a set of Account Withdrawal Documents at least 10 Business Days prior to the last Business Day of each calendar month. The applicable Account Withdrawal Request shall request Lender to direct Depositary to transfer or apply monies on deposit in the Revenue Account only to a proposed application of Project Revenues consistent with the terms hereof, which shall be subject to Lender’s prior written approval of the amounts and other details provided therein. After approving a set of Account Withdrawal Documents (or any revision thereof), Lender shall sign and deliver to Depositary such Account Withdrawal Documents at least one Business Day prior to the last Business Day of the month in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable.
Disbursements from the Revenue Account. Borrower, Collateral Agent and Administrative Agent hereby irrevocably authorize Depositary Agent to make withdrawals and transfers of funds on each Monthly Payment Date (or Bi-Monthly Payment Date as expressly provided in clause (i) of this Section 3.3(b)) on and after the Term Conversion Date (and each other date authorized in accordance herewith) in the order of priority, specified in clauses (i) through (x) of this Section 3.3(b) (via wire transfer, as otherwise requested by Borrower or by internal transfer between Depositary Accounts, if applicable), to the extent that funds are then available in the Revenue Account, upon the receipt by Depositary Agent of a Withdrawal Certificate, countersigned by Administrative Agent, by 11:00 a.m., New York Time, at least two (2) Business Days prior to such Monthly Payment Date (or Bi-Monthly Payment Date in respect of clause (i) below) setting forth the amounts to be withdrawn from the Revenue Account and transferred pursuant to this Section 3.3(b), all in accordance with such Withdrawal Certificate and this Agreement:
Disbursements from the Revenue Account. To cause withdrawal or transfer of amounts on deposit in the Revenue Account, Borrower shall submit to Administrative Agent a set of Account Withdrawal Documents at least 4 Business Days prior to each Quarterly Date. The applicable Account Withdrawal Request shall require Administrative Agent’s countersignature evidencing Administrative Agent’s concurrence that the requested transfers are consistent with the terms hereof. After approving a set of Account Withdrawal Documents (or any revision thereof as contemplated by Section 7.1), Administrative Agent shall execute and deliver to the Collateral Agent and Depositary the applicable Account Withdrawal Instruction at least 1 Business Day prior to the last Business Day of the month in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable.
Disbursements from the Revenue Account. The Collateral Trustee shall, pursuant to a Revenue Account Withdrawal Requisition signed by an Authorized Company Representative and delivered to the Collateral Trustee, withdraw funds from the Revenue Account in the amounts set forth in such Revenue Account Withdrawal Requisition and apply such funds in the following order of priority (and in the event there is not then on deposit in the Revenue Account sufficient moneys to make all of such deposits and payments, the deposits and payments shall be made from the Revenue Account in the 135376969.9 25 priority set forth below), together with the amount of any deficiencies remaining payable for prior months:
Disbursements from the Revenue Account. To cause withdrawal or transfer of amounts on deposit in the Revenue Account, Borrower shall submit to Administrative Agent a set of Account Withdrawal Documents at least [***] Business Days prior to each Quarterly Date. The applicable Account Withdrawal Request shall require Administrative Agent’s countersignature evidencing Administrative Agent’s concurrence that the requested transfers are consistent with the terms hereof. After approving a set of Account Withdrawal Documents (or any revision thereof as contemplated by Section 7.1), Administrative Agent shall execute and deliver to the Collateral Agent and Depositary the applicable Account Withdrawal Instruction at least 1 Business Day prior to the last Business Day of the month in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable. [***] Confidential Treatment Requested
Disbursements from the Revenue Account. Amounts on deposit in the Revenue Account may only be withdrawn for purposes of paying amounts due and payable under this Agreement, to make the Performance LC Distribution (to the extent funds are not available in the Construction Account) or to pay O&M Costs as follows:
Disbursements from the Revenue Account. (a) To cause the withdrawal or transfer of amounts on deposit in the Revenue Account, the Company shall submit to Collateral Agent and each Holder a set of Account Withdrawal Documents at least [***]. Unless Collateral Agent and the Company have received from the Required Holders a written objection with respect to the Account Withdrawal Documents within [***] from the Company’s delivery thereof, Collateral Agent shall sign the applicable Account Withdrawal Instructions and deliver such Account Withdrawal Instructions to Depositary at least [***] in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable.
Disbursements from the Revenue Account. (a) To cause the withdrawal or transfer of amounts on deposit in the Revenue Account, the Company shall submit to Collateral Agent and each Holder a set of Account Withdrawal Documents at least [***]. Unless Collateral Agent and the Company have received from the Required Holders a written objection with respect to the Account Withdrawal Documents within [***] from the Company’s delivery thereof, Collateral Agent shall sign the applicable Account Withdrawal Instructions and deliver such Account Withdrawal Instructions to Depositary at least [***] prior to the last Business Day of the month in which such Account Withdrawal Documents were submitted or the proposed disbursement date, as applicable.
