Withdrawals from Operating Account. Unless a Notice of Suspension is in effect or an Event of Default has occurred and is continuing or would occur after giving effect to any application of funds contemplated hereby, and so long as adequate funds are then available in the Operating Account, the Borrower may from time to time (but not more frequently than once per week), by delivery of a Funds Withdrawal/Transfer Certificate to the Accounts Bank (with a copy to the Lender), withdraw or transfer funds from the Operating Account as may be necessary to pay directly any amounts owed by the Borrower for Operation and Maintenance Expenses then due and payable; provided, that such Funds Withdrawal/Transfer Certificate is delivered to the Accounts Bank (with a copy to the Lender) at least two (2) Business Days prior to such proposed withdrawal or transfer date. The Borrower hereby covenants and agrees to apply such amounts exclusively to the payment of Operation and Maintenance Expenses (x) in amounts, to the Persons and otherwise in accordance with the information submitted in the Funds Withdrawal/Transfer Certificate that resulted in the funding of the Operating Account pursuant to Section 4.2 and (y) otherwise in accordance with Section 7.01(j)(iii) of the Credit Agreement.
Withdrawals from Operating Account. Consistent with the terms of, and as contemplated by, Section 4.3(b) of the Accounts Agreement, the Borrower hereby requests that the Accounts Bank transfer on [ , 20 ]5, $[ ], which represents the amount necessary to pay Operation and Maintenance Expenses that are due and payable, from the Operating Account to [ ]6.] *********************************************************** The Borrower represents and warrants to the Lender and the Accounts Bank that the applicable conditions under Article IV of the Accounts Agreement for the foregoing payments and transfers have been met. The Borrower further represents and warrants to the Accounts Bank and the Lender that:
Withdrawals from Operating Account. Manager shall use the funds in the Operating Account as follows:
Withdrawals from Operating Account. Funds may be withdrawn from the Operating Account only for disbursements authorized under this Section. Owners shall not be entitled to withdraw any funds from the Operating Account for any reason, including without limitation, in connection with a transfer of his/her Ownership Share
Withdrawals from Operating Account. Withdrawals from the Operating ---------------------------------- Account shall be made as follows:
Withdrawals from Operating Account. Section 3.6 of the Repurchase Agreement is amended by deleting the phrase “Sections 3.4 and 3.5” where it appears therein and inserting in lieu thereof the phrase “Sections 3.4, 3.5, 5.6 and 6.1.”
