Withdrawals during Agreement Period. At the beginning of every month, or at such shorter intervals as the Lenders' Representative and the Operator may by written instructions determine, the Escrow Bank shall withdraw amounts from the Escrow Account and appropriate them in the following order by depositing such amounts in the relevant Sub-Accounts for making due payments, and if such payments are not due in any month, then retain such monies in such Sub-Accounts and pay out therefrom on the Payment Date(s):
Withdrawals during Agreement Period. 13.3.1. The Operator shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due:
(a) all taxes due and payable by the Operator;
(b) all payments relating to construction of the Project, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements;
(c) O&M Expenses, subject to the ceiling, if any, set forth in the Financing Agreements;
(d) O&M Expenses and other costs and expenses incurred by Authority in accordance with the provisions of this Agreement, and certified by Authority as due and payable to it;
(e) Annual Licence Fee due and payable to Authority;
(f) monthly proportionate provision of Debt Service due in an Accounting Year;
(g) all payments and Damages certified by Authority as due and payable to it by the Operator;
(h) any reserve requirements set forth in the Financing Agreements; and
(i) balance, if any, in accordance with the instructions of the Operator.
13.3.2. The Operator shall not in any manner modify the order of payment specified in Clause 13.3.1, except with the prior written approval of Authority.
Withdrawals during Agreement Period. The Operator shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due:
Withdrawals during Agreement Period. 24.3.1. The SPD shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out there from in the month when:
i. All taxes due and payable by the SPD for and in respect of the rooftop solar project system;
ii. All payments relating to construction of the solar project system, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements;
iii. O&M Expenses, subject to the ceiling, if any, set forth in the Financing Agreements;
iv. O&M Expenses and other costs and expenses incurred by Railways in accordance with the provisions of this Agreement, and certified by Railways as due and payable to it;
24.3.2. Payable to Railways;
Withdrawals during Agreement Period. 24.3.1. The SPD shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out there from in the month when:
i. All taxes due and payable by the SPD for and in respect of the rooftop solar project system;
ii. All payments relating to construction of the solar project system, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements;
iii. O&M Expenses, subject to the ceiling, if any, set forth in the Financing Agreements;
iv. O&M Expenses and other costs and expenses incurred by Railways in accordance with the provisions of this Agreement, and certified by Railways as due and payable to it;
24.3.2. Payable to Railways;
a. monthly proportionate provision of Debt Service due in an Accounting Year;
b. all payments and Damages certified by Railways as due and payable to it by the SPD;
c. monthly proportionate provision of debt service payments due in an Accounting Year in respect of Subordinated Debt;
d. any reserve requirements set forth in the Financing Agreements; and
e. balance, if any, in accordance with the instructions of the SPD.
24.3.3. The SPD shall not in any manner modify the order of payment specified in Clause 24.3.1, except with the prior written approval of Railways.
Withdrawals during Agreement Period. 13.3.1. The Contractor shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due:
(a) all taxes due and payable by the Contractor;
(b) all payments relating to O&M of the Project, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements;
(c) O&M Expenses and other costs and expenses incurred by GUDA in accordance with the provisions of this Agreement, and certified by GUDA as due and payable to it;
(d) Annual Management Fee due and payable to GUDA;
(e) monthly proportionate provision of Debt Service due in an Accounting Year;
(f) all payments and Damages certified by GUDA as due and payable to it by the Concessionaire;
(g) any reserve requirements set forth in the Financing Agreements; and
(h) balance, if any, in accordance with the instructions of the Contractor.
13.3.2. The Contractor shall not in any manner modify the order of payment specified in Clause 13.3.1, except with the prior written approval of GUDA.
Withdrawals during Agreement Period. The SPD shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out there from in the month when:
Withdrawals during Agreement Period. 6.1.1. At the beginning of every month, or at such shorter intervals as the PFI and the ESCO may by written instructions determine, the Trust and Retention Bank shall withdraw amounts from the Reserve Account and appropriate them in the Trust and Retention Account:
(a) In case periodic proceeds from the implementation of Energy Efficiency project are less than the periodic proceeds as mutually agreed between the ESCO and the Facility Owner in the Energy Performance Contract then deficit between the actual periodic proceeds and agreed periodic proceeds as per Energy Performance Contract
Withdrawals during Agreement Period. At the beginning of every month, or at such shorter intervals as the Senior Lenders' Representative and the Operator may by written instructions determine, the Escrow Bank shall withdraw amounts from the Escrow Account and appropriate them in the following order by depositing such amounts in the relevant Sub-Accounts for making due payments in a month : all taxes due and payable by the Operator; towards Annual Fixed Fee; all construction/implementation expenses relating to the Project/Project Facilities and Services, in accordance with the Budget and subject to limits if any set out under the Financing Documents; all expenses relating to operations and management of the Project/Project Facilities and Services, in accordance with the Budget and subject to limits if any set out under the Financing Documents; towards its debt service obligations under the Financing Documents; towards other sums payable to the Authority and liquidated damages, if any; towards any reserve requirements in accordance with the Financing Documents; and the Operator shall be at liberty to withdraw any sums outstanding in the escrow account after all the aforesaid payments due in any Quarter have been made and/or adequate reserves have been created in respect thereof for that Quarter.
Withdrawals during Agreement Period. 13.3.1. The Operator shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due:
(a) all taxes due and payable by the Operator;
(b) all payments relating to construction of the Project, subject to and in accordance with the conditions, if any, set forth in the Financing Agreements;
(c) O&M Expenses, subject to the ceiling, if any, set forth in the Financing Agreements;
(d) O&M Expenses and other costs and expenses incurred by DTTDC in accordance with the provisions of this Agreement, and certified by DTTDC as due and payable to it;
(e) Annual Concession Fee due and payable to DTTDC;
(f) monthly proportionate provision of Debt Service due in an Accounting Year;
