Disposition of Revenues Sample Clauses

Disposition of Revenues. 3.1 All revenues and other payments received by Seller under the Power Purchase Agreement (the "SCE Payments") shall be held in a separate bank account in trust for the benefit of the Series B Partnership and Zond. The Series B Partnership and Zond acknowledge that all SCE Payments received by Seller under the Purchase Power Agreement will initially be paid by Edison to Zond in Zond's capacity as Project Manager. The Series B Partnership and Zond agree that, as between the Series B Partnership and Zond, such SCE Payments allocated herein to the Series B Partnership are the sole property of the Series B Partnership, that Zond has no right, title or interest in or to such SCE Payments and that Zond holds such SCE Payments in trust solely as agent for the Series B Partnership, to be paid over to the Series B Partnership by Zond as provided herein.
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Disposition of Revenues. The moneys in the Revenue Fund shall be disbursed and applied by the Authority on the first day of each month only in the following manner and order of priority:
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Disposition of Revenues. Public Law 106-549 does not specify the disposition of revenues generated from the resulting contracts. Section 8 of the WCUA provides for the following disposition of revenues: All payments made to the United States under repayment contracts on account of reimbursable construction costs, including penalties collected for delinquencies in such payments, and all other receipts from project operations pursuant to section 4 and 9 shall be covered into the Treasury to the credit of miscellaneous receipts. Because Public Law 106-549 is an amendment to the WCUA, Reclamation intend to credit all Federal revenues generated from carriage contracts under Public Law 106-549 according to the above provision of the WCUA.
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Disposition of Revenues 
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Related to Disposition of Revenues

  • Dispositions and Involuntary Dispositions Prepayment will be made on the Obligations in an amount equal to one hundred percent (100%) of the Net Cash Proceeds from any Disposition pursuant to Sections 8.5(h) or (i) or Involuntary Disposition involving any asset of any Loan Party or any of its Subsidiaries on the Business Day following receipt thereof; provided that no prepayment shall be required under this Section 2.11(c)(ii) unless the Net Cash Proceeds of any such Disposition or Involuntary Disposition exceeds $5,000,000 individually and $15,000,000 in the aggregate for all such Dispositions or Involuntary Dispositions in any Fiscal Year. Notwithstanding the foregoing, if at the time of the receipt of such Net Cash Proceeds the Borrower informs the Administrative Agent that it intends within 365 days after receipt thereof to use all of such Net Cash Proceeds either to purchase assets used in the ordinary course of business of the Borrower and its Subsidiaries (other than current assets, as defined in accordance with GAAP) or to make Capital Expenditures, the Borrower may use such Net Cash Proceeds in such manner; provided that any such Net Cash Proceeds not so used or committed to such use pursuant to a binding agreement on or before the earliest of the following dates shall promptly (but in any event within two (2) Business Days after such date) be applied as a prepayment in accordance with Section 2.12(b): (1) the date that is 365 days (or 540 days, if committed to such use pursuant to a binding agreement that was entered into on or before the 365th day after receipt of such proceeds and notice of such agreement has been delivered to the Administrative Agent) after receipt thereof and (2) the date that is five (5) Business Days after the date on which the Borrower shall have notified the Administrative Agent of the Borrower’s determination not to purchase such replacement assets with such Net Cash Proceeds.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Disposition of Proceeds The Security Documents contain an assignment by the Borrower and/or the Guarantors unto and in favor of the Collateral Agent for the benefit of the Lenders of all of the Borrower’s or each Guarantor’s interest in and to their as-extracted collateral in the form of production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Documents further provide in general for the application of such proceeds to the satisfaction of the Obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Documents, until the occurrence of an Event of Default, (a) the Administrative Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to the Borrower and its Subsidiaries and (b) the Lenders hereby authorize the Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and/or such Subsidiaries.

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