Transfers to and Withdrawals from Offshore Revenues and Disbursement Accounts Pre. Default. So long as no Prospective Event of Default or Event of Default has occurred and is Continuing (or would occur after giving effect to any application of funds contemplated hereby), the Offshore Account Holder shall on each Funds Transfer Date transfer available funds on deposit in, or credited to, the Offshore Revenues and Disbursement Account to the following Accounts on the dates indicated in the following order of priority: first, to the Offshore Operating Account, on each Funds Transfer Date occurring prior to the Economic Completion Date, the amount certified by the Borrowers in the relevant Estimated Payment Certificate to meet Approved Project Costs; second, to the Offshore Operating Account, on each Funds Transfer Date occurring on or after the Economic Completion Date, the amount certified by the Borrowers in the relevant Estimated Payment Certificate to meet Operating Costs, Taxes imposed on or measured by income or receipts and any Anglo NSR Payments; third, to the Lender, on each Payment Date or on any other Business Day on which the Lender has notified the Offshore Account Holder that any payments in respect of costs and expenses (including reasonable legal fees and expenses), indemnification payments and other amounts (other than any payments in respect of fees, interest, principal and settlements under any Secured Hedge Agreements) are due and payable by the Borrowers in respect of the Secured Obligations, an amount equal to all such amounts stated in any of the notices delivered pursuant to Section 6.09 to be then due and payable in respect of the Secured Obligations (other than any payments in respect of fees, interest and principal and settlements under any Secured Hedge Agreements); fourth, on a pro rata basis as between the following clauses (i) and (ii), to (i) the Lender, on each Payment Date or on any other Business Day on which the Lender has notified the Offshore Account Holder that any payments in respect of fees or interest are due and payable by the Borrowers in respect of the Secured Obligations, an amount equal to such Secured Obligations as certified to the Offshore Account Holder on or prior to such date by any of the Borrowers or the Lender pursuant to Section 6.09 and (ii) to the Peso Withholding Subaccount, any Mexican withholding tax applicable to such amounts, in the amount certified to the Offshore Account Holder on or prior to such date by any of the Borrowers or the Lender pursuant to Section 6.09; fifth, to ...
