Common use of Shortfall Notices Clause in Contracts

Shortfall Notices. Not later than the Business Day preceding each date on which any transfer is to be made pursuant to this Article IV, the Collateral Agent shall notify the applicable Owner Lessor and its applicable Owner Participant if the amounts requested to be transferred on such date in the Request Letter delivered in connection therewith exceed the funds available in the applicable subaccounts of the relevant Accounts.

Appears in 4 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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Shortfall Notices. Not later than the Business Day preceding each date on which any transfer is to be made pursuant to this Article IV, the Collateral Agent shall notify the applicable each Owner Lessor and its applicable Owner Participant if the amounts requested to be transferred on such date in the Request Letter delivered in connection therewith exceed the funds available in the applicable subaccounts subaccount of the relevant Accounts.

Appears in 1 contract

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

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