Common use of Withdrawals during Concession Period Clause in Contracts

Withdrawals during Concession Period. 10.3.1 The Concessionaire shall, at the time of opening the Escrow Account, give irrevocable instructions 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 in the month when due: (a.) all taxes due and payable by the Concessionaire for and in respect of the Project; (b.) monthly proportionate provision of Debt Service due in an Accounting Year; (

Withdrawals during Concession Period. 10.3.1 The Concessionaire TheConcessionaire shall, at the time of opening the Escrow Account, give irrevocable instructions 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 in the month when due: (a.) all taxes due and payable by the Concessionaire for and in respect of the Project; (b.) monthly proportionate provision of Debt Service due in an Accounting Year; (