Priority of Funding Sources Sample Clauses

Priority of Funding Sources. Scheduled Debt Service shall be paid on each Scheduled Payment Date from the following sources to the extent sufficient funds are available from such sources: First , from Account Funds then on deposit in the Debt Payment Account (before giving effect to the transfers described in priorities Second through Eleventh below); Second , from amounts deposited in the Debt Payment Account by the Swap Counterparty pursuant to the Swap Agreement; Third , from amounts transferred to the Debt Payment Account from the Revenue Account on such Scheduled Payment Date pursuant to Section 4.1.2; Fourth , from amounts transferred to the Debt Payment Account from the Excess Cash Flow Account pursuant to Section 4.15.2; Fifth , from amounts transferred to the Debt Payment Account from the Debt Service Reserve Account pursuant to Section 4.3.2; 15 <PAGE> Sixth , from amounts transferred to the Debt Payment Account from the Acquisition Indemnity/Performance LD Reserve Account pursuant to Section 4.5.2; Seventh , from amounts transferred to the Debt Payment Account from the Major Maintenance Reserve Account pursuant to Section 4.10.2; Eighth , from any Cash Collateral Deposit received by the Collateral Agent pursuant to Section 12.3 of the Parent Agreement; Ninth , from the Equity Reimbursement Payments made to the Collateral Agent by NRG Energy on such Scheduled Payment Date pursuant to Section 2.1 of the Parent Agreement; Tenth , from amounts transferred to the Debt Payment Account from the EMS Letter of Credit Account pursuant to Section 4.16.2; Eleventh , from amounts transferred to the Debt Payment Account from the NRG Claim Settlement Account pursuant to Section 4.14.2; and Twelfth , (a) with respect to Scheduled Debt Service under the Indenture, from amounts drawn under the Policy, whether such amounts are paid directly to the Trustee or first deposited into the Debt Payment Account, and (b) with respect to Scheduled Debt Service under the Swap Agreement, from amounts drawn under the Swap Policy, whether such amounts are paid directly to the Swap Counterparty or first deposited into the Debt Payment Account. 4.2.4

Priority of Funding Sources. Unless otherwise directed in writing by the Issuer, the Collateral Agent shall first apply amounts on deposit in an Account or a Cash Collateral Account prior to drawing on any Acceptable Letter of Credit or the EMS Letter of Credit posted therefor. On any date on which a drawing under an Acceptable Letter of Credit or the EMS Letter of Credit posted for an Account may otherwise be made pursuant to clause (b), (c) or (d) of Section 5.2.2, the Collateral Agent shall, upon the written request of the Issuer, direct the Depositary Agent to first transfer Account Funds (if any) from the Distribution Account to such Account in an amount equal to the lesser of (i) the amount of such proposed drawing and (ii) the amount of Account Funds in the Distribution Account on such date. ARTICLE VI.