Common use of Payments to Revenue Account Clause in Contracts

Payments to Revenue Account. The Consenting Party hereby agrees that, so long as any notes, bonds, loans, letters of credit, commitments or other obligations, or any other Financing Liabilities, are outstanding under the Financing Documents and until the same have been satisfied in full, all payments to be made by the Consenting Party with respect to the Assigned Agreement shall be in lawful money of the United States of America. The Company hereby directs the Consenting Party to, and the Consenting Party hereby agrees to, make all such payments with respect to the Assigned Agreement directly to the Assignee at ABA No. 000000000, for credit to AES Red Oak, L.L.C., for further credit to Account No. 002008 (Revenue Account) Attention: Capital Markets Trust Services, or to such other person and/or at such other address as the Assignee may from time to time specify in writing to the Consenting Party. All payments required to be made by the Consenting Party under the Assigned Agreement shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except for such offset, recoupment, abatement, withholding or reduction as is not prohibited by the terms of the Assigned Agreement.

Appears in 2 contracts

Samples: Consent to Assignment (Aes Red Oak LLC), Consent to Assignment (Aes Red Oak LLC)

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Payments to Revenue Account. The Consenting Party hereby agrees that, so long as any notes, bonds, loans, letters of credit, commitments or other obligations, or any other Financing Liabilities, are outstanding under the Financing Documents and until the same have been satisfied in full, all payments to be made by the Consenting Party with respect to the Assigned Agreement Guaranty shall be in lawful money of the United States of America, in immediately available funds. The Company hereby directs the Consenting Party to, and the Consenting Party hereby agrees to, make all such payments with respect to the Assigned Agreement Guaranty directly to the Assignee at ABA No. 000000000, for credit to AES Red OakIronwood, L.L.C.L.L.C, for further credit to Account No. 002008 630000041.2 (Revenue Account) Attention: Capital Markets Trust Services, or to such other person and/or at such other address as the Assignee may from time to time specify in writing to the Consenting Party. All payments required to be made by the Consenting Party under the Assigned Agreement Guaranty shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except for such offset, recoupment, abatement, withholding or reduction as is not prohibited by the terms of the Assigned AgreementGuaranty.

Appears in 1 contract

Samples: Consent to Assignment (Aes Ironwood LLC)

Payments to Revenue Account. The Consenting Party hereby agrees that, so long as any notes, bonds, loans, letters of credit, commitments or other obligations, or any other Financing Liabilities, are outstanding under the Financing Documents and until the same have been satisfied in full, all payments to be made by the Consenting Party with respect to the Assigned Agreement shall be in lawful money of the United States of America, in immediately available funds. The Company hereby directs the Consenting Party to, and the Consenting Party hereby agrees to, make all such payments with respect to the Assigned Agreement directly to the Assignee at ABA No. 000000000, for credit to AES Red OakIronwood, L.L.C.L.L.C, for further credit to Account No. 002008 630000041.2 (Revenue Account) Attention: Capital Markets Trust Services, or to such other person and/or at such other address as the Assignee may from time to time specify in writing to the Consenting Party. All payments required to be made by the Consenting Party under the Assigned Agreement shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except for such offset, recoupment, abatement, withholding or reduction as is not prohibited by the terms of the Assigned Agreement.

Appears in 1 contract

Samples: Consent to Assignment (Aes Ironwood LLC)

Payments to Revenue Account. The Consenting Party hereby agrees that, so long as any notes, bonds, loans, letters of credit, commitments or other obligations, or any other Financing Liabilities, are outstanding under the Financing Documents and until the same have been satisfied in full, all payments to be made by the Consenting Party with respect to the Assigned Agreement shall be in lawful money of the United States of America, in immediately available funds. The Company hereby directs the Consenting Party to, and the Consenting Party hereby agrees to, make all such payments with respect to the Assigned Agreement directly to the Assignee at ABA No. 000000000, for credit to AES Red Oak, L.L.C.L.L.C, for further credit to Account No. 002008 (Revenue Account) Attention: Capital Markets Corporate Trust ServicesAdministration, or to such other person and/or at such other address as the Assignee may from time to time specify in writing to the Consenting Party. All payments required to be made by the Consenting Party under the Assigned Agreement shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except for such offset, recoupment, abatement, withholding or reduction as is not prohibited by the terms of the Assigned Agreement.

Appears in 1 contract

Samples: Consent to Assignment (Aes Red Oak LLC)

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Payments to Revenue Account. The Consenting Party hereby agrees that, so long as any notes, bonds, loans, letters of credit, commitments or other obligations, or any other Financing Liabilities, are outstanding under the Financing Documents and until the same have been satisfied in full, all payments to be made by the Consenting Party with respect to the Assigned Agreement shall be in lawful money of the United States of America, in immediately available funds. The Company hereby directs the Consenting Party to, and the Consenting Party hereby agrees to, make all such payments with respect to the Assigned Agreement directly to the Assignee at ABA No. 000000000, for credit to AES Red OakIronwood, L.L.C., for further credit to Account No. 002008 630000041.2 (Revenue Account) Attention: Capital Markets Trust Services, or to such other person and/or at such other address as the Assignee may from time to time specify in writing to the Consenting Party. All payments required to be made by the Consenting Party under the Assigned Agreement shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except for such offset, recoupment, abatement, withholding or reduction as is not prohibited by the terms of the Assigned Agreement.

Appears in 1 contract

Samples: Consent to Assignment (Aes Ironwood LLC)

Payments to Revenue Account. The Consenting Party hereby agrees that, so long as any notes, bonds, loans, letters of credit, commitments or other obligations, or any other Financing Liabilities, are outstanding under the Financing Documents and until the same have been satisfied in full, all payments to be made by the Consenting Party with respect to the Assigned Agreement shall be in lawful money of the United States of America, in immediately available funds. The Company hereby directs the Consenting Party to, and the Consenting Party hereby agrees to, make all such payments with respect to the Assigned Agreement directly to the Assignee at ABA No. 000000000, for credit to AES Red Oak, L.L.C., for further credit to Account No. 002008 (Revenue Account) Attention: Capital Markets Trust Services, or to such other person and/or at such other address as the Assignee may from time to time specify in writing to the Consenting Party. All payments required to be made by the Consenting Party under the Assigned Agreement shall be made without any offset, recoupment, abatement, withholding, reduction or defense whatsoever, except for such offset, recoupment, abatement, withholding or reduction as is not prohibited by the terms of specifically permitted under the Assigned Agreement.

Appears in 1 contract

Samples: Consent to Assignment (Aes Red Oak LLC)

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