Common use of Release of surplus Clause in Contracts

Release of surplus. Any amount remaining to the credit of the Earnings Account following the making of any transfers required by Clause 16.4 (Transfers to Retention Account) shall (unless an Event of Default is continuing) be released to or to the order of the Borrower.

Release of surplus. Any amount remaining to the credit of the Earnings Account following the making of any transfers transfer required by Clause 16.4 (Transfers to Retention 10.4 {Application of Earnings Account) shall (unless an Event of a Default is shall have occurred and be continuing) be released to or to the order of the Borrower.

Release of surplus. Any amount remaining standing to the credit of the Earnings Account following the making of any transfers required by Clause 16.4 (Transfers to Retention Account) shall (unless an Event of Default is or Potential Event of Default shall have occurred and be continuing) be released to or to the order of the Borrower.

Release of surplus. Any amount remaining to the credit of the Earnings Account following the making of any transfers transfer required by Clause 16.4 17.4 (Transfers to Retention Application of the Earnings Account) shall (unless an Event of a Default is shall have occurred and be continuing) be released to or to the order of the Borrower.

Release of surplus. Any amount remaining to the credit of the an Earnings Account following the making of any transfers payments required by Clause 16.4 (Transfers to Retention Account) shall (under this Agreement shall, unless an Event of Default has occurred and is continuing) , be released to or to the order of the BorrowerBorrowers and may (for the avoidance of doubt) be withdrawn from that Earnings Account.