Common use of Payments to Facility Bank Clause in Contracts

Payments to Facility Bank. To the extent of any payment by the Non-paying Pool Debtor and/or if any of the circumstances described in sub-section 25.5 occur, the Pool Funds Administrator will forthwith repay to the Facility Bank by credit to the Pool Borrowing Account, if applicable, an amount equal, in the former case, to the amount so paid and, in the latter case, to the amount which should have been paid by the Non-paying Pool Debtor.

Appears in 1 contract

Samples: Pooling and Settlement Agreement (Txu Eastern Holdongs LTD)

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Payments to Facility Bank. To to the extent of any payment by the Nonnon-paying Pool Debtor and/or if any of the circumstances described in sub-section 25.5 occur, the Pool Funds Administrator will forthwith repay to the Facility Bank by credit to the Pool Borrowing Account, if applicable, an amount equal, in the former case, to the amount so paid and, in the latter case, to the amount which should have been paid by the Nonnon-paying Pool Debtor.

Appears in 1 contract

Samples: Pooling and Settlement Agreement (Yorkshire Power Group LTD)

Payments to Facility Bank. To the extent of any payment by the Nonnon-paying Pool Debtor and/or if any of the circumstances described in sub-section 25.5 occur, the Pool Funds Administrator will forthwith repay to the Facility Bank by credit to the Pool Borrowing Account, if applicable, an amount equal, in the former case, to the amount so paid and, in the latter case, to the amount which should have been paid by the Nonnon-paying Pool POQI Debtor.

Appears in 1 contract

Samples: Pooling and Settlement Agreement (Entergy London Capital Lp)

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Payments to Facility Bank. To the extent of any payment by the Nonnon-paying Pool Debtor and/or if any of the circumstances described in sub-section 25.5 occur, the Pool Funds Administrator will forthwith repay to the Facility Bank by credit to the Pool Borrowing Account, if applicable, an amount equal, in the former case, to the amount so paid and, in the latter case, to the amount which should have been paid by the Nonnon-paying Pool Debtor.

Appears in 1 contract

Samples: Settlement Agreement (Southern Investments Uk PLC)

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