Common use of Private Owner Pledged Account Clause in Contracts

Private Owner Pledged Account. (a) On the Agreement Date, the Private Owner is to establish the “Private Owner Pledged Account” with the Paying Agent (the “Private Owner Pledged Account”) for the exclusive purpose of holding Qualifying Cash Collateral, whether such Qualifying Cash Collateral is delivered on the Agreement Date or subsequent to the Agreement Date in full and complete substitution for a Qualifying Letter of Credit pursuant to the LLC Operating Agreement or upon the liquidation or drawing down of a Qualifying Letter of Credit pursuant to the LLC Operating Agreement. The Private Owner Pledged Account (and all funds and Permitted Investments therein or allocated thereto) are to be held by the Paying Agent in a segregated account subject to the security interest granted for the benefit of the Initial Member pursuant to the LLC Operating Agreement, this Agreement and the Private Owner Pledged Account Control Agreement in substantially the form attached to this Agreement as Exhibit Q. In no event will the Private Owner have any right or authority to withdraw any funds from the Private Owner Pledged Account except as expressly provided in Section 3.9(b). The Paying Agent is to invest the amounts on deposit in the Private Owner Pledged Account in Permitted Investments in accordance with investment directions from the Private Owner but with maturities that allow for their transfer in accordance with this Section 3.9.

Private Owner Pledged Account. (a) On the Agreement Datedate hereof, the Private Owner is to shall establish the “"Private Owner Pledged Account” " with the Paying Agent (the “"Private Owner Pledged Account”") for the exclusive purpose of holding Qualifying Cash Collateral, whether such Qualifying Cash Collateral is delivered on the Agreement Date date hereof or subsequent to the Agreement Date date hereof in full and complete substitution for a Qualifying Letter of Credit pursuant to the LLC Operating Agreement or upon the liquidation or drawing down of a Qualifying Letter of Credit pursuant to the LLC Operating Agreement. The Private Owner Pledged Account (and all funds and Permitted Investments therein or allocated thereto) are to shall be held by the Paying Agent in a segregated account subject to the security interest granted for the benefit of the Initial Member pursuant to the LLC Operating Agreement, this Agreement and the Private Owner Pledged Account Control Agreement in substantially the form attached to this Agreement hereto as Exhibit Q. In no event will shall the Private Owner have any right or authority to withdraw any funds from the Private Owner Pledged Account except as expressly provided in Section 3.9(b)) below. The Paying Agent is to shall invest the amounts on deposit in the Private Owner Pledged Account in Permitted Investments in accordance with investment directions from the Private Owner but with maturities that allow for their transfer in accordance with this Section 3.9.

Private Owner Pledged Account. (a) On the Agreement Datedate hereof, the Private Owner is to OVvner shall establish the “"Private Owner Pledged Account” " with the Paying Agent (the “"Private Owner Pledged Account”") for the exclusive purpose of holding Qualifying Cash Collateral, whether such Qualifying Cash Collateral is delivered on the Agreement Date date hereof or subsequent to the Agreement Date date hereof in full and complete substitution for a Qualifying Letter of Credit pursuant to the LLC Operating Agreement or upon the liquidation or drawing down of a Qualifying Letter of Credit pursuant to the LLC Operating Agreement. The Private Owner Pledged Account (and all funds and Permitted Pennitted Investments therein or allocated thereto) are to shall be held by the Paying Agent in a segregated account subject to the security interest granted for the benefit of the Initial Member pursuant to the LLC Operating Agreement, this Agreement and the Private Owner Pledged Account Control Agreement in substantially the form attached to this Agreement hereto as Exhibit Q. 0. In no event will shall the Private Owner have any right or authority to withdraw any funds from the Private Owner Pledged Account except as expressly provided in Section 3.9(b)) below. The Paying Agent is to shall invest the amounts on deposit in the Private Owner Ovmer Pledged Account in Permitted Investments in accordance with investment directions from the Private Owner but with maturities matmities that allow for their transfer in accordance with this Section 3.9.

Private Owner Pledged Account. (a) On the Agreement Datedate hereof, the Private Owner is to shall establish the “Private Owner Pledged Account” Account with the Paying Agent (the “Private Owner Pledged Account”) for the exclusive purpose of holding Qualifying Cash Collateral, whether such Qualifying Cash Collateral is delivered on the Agreement Date date hereof or subsequent to the Agreement Date date hereof in full and complete substitution for a Qualifying Letter of Credit pursuant to the LLC Operating Agreement Agreement, or if the proceeds of such Qualifying Letter of Credit are to be deposited in such Private Owner Pledged Account upon the liquidation or drawing down of a Qualifying Letter of Credit thereof pursuant to Section 3.13(f) of the LLC Operating Agreement. The Private Owner Pledged Account (and all funds and Permitted Investments therein or allocated theretotherein) are to shall be held by the Paying Agent in a segregated account subject to the security interest granted for the benefit of the Initial Member pursuant to the LLC Operating Agreement, this Agreement and the Private Owner Pledged Account Control Agreement in substantially the form attached to this Agreement as Exhibit Q. In no event will shall the Private Owner have any right or authority to withdraw any funds from the Private Owner Pledged Account except as expressly provided in Section 3.9(b)) below. The Paying Agent is to shall invest the amounts on deposit in the Private Owner Pledged Account in Permitted Investments in accordance with investment directions from the Private Owner but with maturities that allow for their transfer in accordance with this Section 3.9.