Common use of Disposition of Revenues Clause in Contracts

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 A Partnership and Zond. The Series A 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 A Partnership and Zond agree that, as between the Series A Partnership and Zond, such SCE Payments allocated herein to the Series A Partnership are the sole property of the Series A 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 A Partnership, to be paid over to the Series A Partnership by Zond as provided herein.

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 A B Partnership and Zond. The Series A 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 A B Partnership and Zond agree that, as between the Series A B Partnership and Zond, such SCE Payments allocated herein to the Series A B Partnership are the sole property of the Series A 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 A B Partnership, to be paid over to the Series A B Partnership by Zond as provided herein.