Payment security for Termination. The Parties agree and acknowledge that upon Termination and on failure of the Utility to make the Termination Payment within 30 (thirty) days of demand by the Supplier, Revenues equal to the Maximum Monthly Payment, deposited into the Default Escrow Account in accordance with the provisions of this Agreement and the Default Escrow Agreement, shall be appropriated every month and paid to the Supplier until discharge of the Termination Payment and any interest thereon. For the avoidance of doubt, the Utility expressly agrees and undertakes that 30% (thirty per cent) of its total monthly Revenues shall continue to be deposited into its account with the Default Escrow Bank until its liability for an in respect of the Termination Payment is fully discharged.
Payment security for Termination. The Parties agree and acknowledge that upon Termination and on failure of the Utility to make the Termination Payment within 30 (thirty) days of demand by the Supplier, Revenues equal to the Maximum Monthly Payment, shall be appropriated every month and paid to the Supplier until discharge of the Termination Payment and any interest thereon. For the avoidance of doubt, the Utility expressly agrees and undertakes that 30% (thirty per cent) of its total monthly Revenues shall continue to be deposited into its account with the Default Escrow Bank until its liability for an in respect of the Termination Payment is fully discharged.
Payment security for Termination. Omitted.
Payment security for Termination. The Parties agree and acknowledge that upon Termination and on failure of MCGM to make the Termination Payment within 30 (thirty) days of demand by the Concessionaire, Revenues equal to the Total Monthly Payment based on Tariff, deposited into the Default Escrow Account in accordance with the provisions of this Agreement and the Default Escrow Agreement, shall be appropriated every month and paid to the Concessionaire until discharge of the Termination Payment and any interest thereon. For the avoidance of doubt, MCGM expressly agrees and undertakes that its total monthly payment shall continue to be deposited into its account with the Default Escrow Bank until its liability for an in respect of the Termination Payment is fully discharged.
Payment security for Termination. The Parties agree and acknowledge that upon Termination and on failure of NMMC to make the Termination Payment within 30 (thirty) days of demand by the Concessionaire, Revenues equal to the Total Monthly Payment based on Tariff, deposited into the Default Escrow Account in accordance with the provisions of this Agreement and the Default Escrow Agreement, shall be appropriated every month and paid to the Concessionaire until discharge of the Termination Payment and any interest thereon. For the avoidance of doubt, NMMC expressly agrees and undertakes that it shall continue to restore the Default Escrow Account with the Payment Security Fund until its liability with respect to Termination Payment is fully discharged.
Payment security for Termination. The Parties agree and acknowledge that upon Termination and on failure of the Procurer to make the Termination Payment within 30 (thirty) days of termination of contract, the Supplier shall have the right to invoke the Letter of Credit for an amount equal to the Minimum Monthly Payment as the Termination Payment.
