Funds Flow Memorandum. The Borrower shall have delivered to the Administrative Agent a duly executed letter of direction directing the disbursement on such Initial Project Funding Date of the proceeds of the Loans made on such date or, if the Borrower elects not to deliver such letter of direction, the proceeds of such Loans shall be deposited into the Revenue Account.
Appears in 3 contracts
Samples: Credit Agreement (MN8 Energy, Inc.), Credit Agreement (MN8 Energy, Inc.), Credit Agreement (New PubCo Renewable Power Inc.)
Funds Flow Memorandum. The Borrower shall have delivered to the Administrative Agent a duly executed letter of direction directing the disbursement on such Initial Subsequent Project Funding Date or Other Funding Date, as applicable, of the proceeds of the Loans made on such date or, if the Borrower elects not to deliver such letter of direction, the proceeds of such Loans shall be deposited into the Revenue Account.
Appears in 3 contracts
Samples: Credit Agreement (MN8 Energy, Inc.), Credit Agreement (MN8 Energy, Inc.), Credit Agreement (New PubCo Renewable Power Inc.)
