Common use of Use of Operating Account Clause in Contracts

Use of Operating Account. CCP shall draw upon each Project Participant’s Operating Account each month in an amount equal to the Monthly Costs multiplied by such Project Participant’s Entitlement Share. As required by Section 9.5, each Project Participant must deposit sufficient funds into such Project Participant’s Operating Account by the deadline specified in Section 9.5.

Appears in 11 contracts

Samples: California Community Power, Project Participation Share Agreement, California Community Power

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