ESCO Debt Service Payment Sub-Account. Payments towards the Debt Service Payment, to enable the ESCO to meet the Debt Service Payment requirements of the Lender as per the Notice of Debt Service Payment.]33
ESCO Debt Service Payment Sub-Account Sample Clauses
Related to ESCO Debt Service Payment Sub-Account
Payment of Charges All amounts chargeable to Borrower under Section 6 hereof shall be Obligations secured by all of the Collateral, shall be payable on demand and shall bear interest from the date such advance was made until paid in full at the rate applicable to Revolving Credit Loans from time to time.
Lease Payments No Borrower will, or will permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments except in the Ordinary Course of Business.
