Common use of SUSPENDED DISTRIBUTIONS ACCOUNT Clause in Contracts

SUSPENDED DISTRIBUTIONS ACCOUNT. Subject to Section 4.13 hereof, on each Monthly Transfer Date or Restricted Payment Date (as applicable), the Collateral Agent shall make transfers from the funds on deposit in the applicable subaccount of the Suspended Distributions Account in accordance with Sections 4.1(b) and 4.6(d). Following the end of the Lease Term of the applicable Facility Lease and the payment in full of all Rent, Termination Value and other amounts due and owing from the Facility Lessee under such Facility Lease and the other Operative Documents, the Collateral Agent shall transfer, all the funds on deposit in the applicable subaccount of the Suspended Distributions Account to the Facility Lessee.

Appears in 2 contracts

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

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SUSPENDED DISTRIBUTIONS ACCOUNT. Subject to Section 4.13 hereof, on each Monthly Transfer Date or Restricted Payment Date (as applicable), the Collateral Agent shall make transfers from the funds on deposit in the applicable subaccount of the Suspended Distributions Account in accordance with Sections 4.1(b) and 4.6(d4.7(d). Following the end of the Lease Term of the applicable Facility Lease and the payment in full of all Rent, Termination Value and other amounts due and owing from the Facility Lessee under such Facility Lease and the other Operative Documents, the Collateral Agent shall transfer, all the funds on deposit in the applicable subaccount of the Suspended Distributions Account to the Facility Lessee.

Appears in 1 contract

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

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SUSPENDED DISTRIBUTIONS ACCOUNT. Subject to Section 4.13 hereof, on each Monthly Transfer Date or Restricted Payment Date (as applicable), the Collateral Agent shall make transfers from the funds on deposit in SECURITY DEPOSIT AGREEMENT -------------------------- the applicable subaccount of the Suspended Distributions Account in accordance with Sections 4.1(b) and 4.6(d4.7(d). Following the end of the Lease Term of the applicable Facility Lease and the payment in full of all Rent, Termination Value and other amounts due and owing from the Facility Lessee under such Facility Lease and the other Operative Documents, the Collateral Agent shall transfer, all the funds on deposit in the applicable subaccount of the Suspended Distributions Account to the Facility Lessee.

Appears in 1 contract

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

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