Escrow Claims by the Commission for Xxxxxxx Decommissioning Expenses or Payment of Taxes on Escrow Revenue Sample Clauses

Escrow Claims by the Commission for Xxxxxxx Decommissioning Expenses or Payment of Taxes on Escrow Revenue. Upon the issuance of an order by the Commission that Escrow Funds shall be disbursed to Xxxxxxx in connection with: (i) (i) Xxxxxxx’x partial or full completion of its Decommissioning Obligations associated with the Installed Turbines and associated facilities or (ii) Xxxxxxx’x payment of taxes on Escrow Revenue, the Commission shall provide the Escrow Agent with written instructions substantially in the form of Exhibit D hereto (the “Xxxxxxx Claim Certificate”) specifying the nature of the claim and setting forth the precise amounts of Escrow Funds to be released to Xxxxxxx. Escrow Agent shall, in accordance with the Xxxxxxx Claim Certificate, pay to the Xxxxxxx account set forth in Exhibit F hereto, the amount of Escrow Funds set forth in the Xxxxxxx Claim Certificate on the first business day after the Escrow Agent’s receipt of the Xxxxxxx Claim Certificate. Promptly upon receipt of any Xxxxxxx Claim Certificate, but no later than the first business day after receipt, the Escrow Agent shall deliver a copy of such Xxxxxxx Claim Certificate to Xxxxxxx pursuant to the notice provisions set forth in Section 10 herein.
Sample 1
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Escrow Claims by the Commission for Xxxxxxx Decommissioning Expenses or Payment of Taxes on Escrow Revenue. Upon the issuance of an order by the Commission that Escrow Funds shall be disbursed to Xxxxxxx in connection with:
Sample 1

Related to Escrow Claims by the Commission for Xxxxxxx Decommissioning Expenses or Payment of Taxes on Escrow Revenue

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