Common use of SENIOR RENT PAYMENT ACCOUNT Clause in Contracts

SENIOR RENT PAYMENT ACCOUNT. Subject to Section 4.13 hereof, on any Rent Payment Date for a Facility Lease, the Collateral Agent shall transfer from funds on deposit in the applicable subaccount of the Senior Rent Payment Account to the Security Agent on behalf of the applicable Owner Lessor, the amount certified by the Facility Lessee in the Request Letter delivered in connection with such Rent Payment Date to be payable with respect to the Senior Rent and all Supplemental Rent (other than Excepted Payments) under such Facility Lease on such date.

Appears in 3 contracts

Samples: Security Deposit Agreement (Eme Homer City Generation Lp), Security Deposit Agreement (Eme Homer City Generation Lp), Security Deposit Agreement (Eme Homer City Generation Lp)

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SENIOR RENT PAYMENT ACCOUNT. Subject to Section 4.13 hereof, on any Rent Payment Date for a Facility Lease, the Collateral Agent shall transfer from funds on deposit in the applicable subaccount of the Senior Rent Payment Account to the Security Agent on behalf of the applicable Owner Lessor, the amount certified by the Facility Lessee in the Request Letter delivered in connection with such Rent Payment Date to be payable with respect to the Senior Rent and all Supplemental Rent (other than Excepted Payments) under such Facility Lease on such date.

Appears in 1 contract

Samples: Security Deposit Agreement (Eme Homer City Generation Lp)

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