Deposits Into Accounts Clause Samples

Deposits Into Accounts. 7 Section 3.1 Deposits....................................................................................... 7

Deposits Into Accounts. The Borrowers and Manager represent, warrant and covenant that: (a) Pursuant to the Deposit Account Control Agreement, all available funds on deposit in the Deposit Account shall be deposited by the Deposit Bank into the Central Account by wire transfer (or transfer via the ACH System) on each Business Day. (b) If, notwithstanding the provisions of this Section 2.2, the Borrowers or Manager receives any Receipts from any Site, or any Extraordinary Receipts, then (i) such amounts shall be deemed to be Collateral and shall be held in trust for the benefit, and as the property, of Lender and applied pursuant to the terms of this Agreement, (ii) such amounts shall not be commingled with any other funds or property of the Borrowers or Manager, and (iii) the Borrowers or Manager shall deposit such amounts in the Deposit Account by the next succeeding Business Day after the Receipts or Extraordinary Receipts are identified, and in no event more than five (5) Business Days of receipt. Provided no Event of Default has occurred and is then continuing, Extraordinary Receipts shall be held and applied in accordance with Section 3.3 hereof.

Deposits Into Accounts. The Liquidating Trustee shall make the following deposits into the following Accounts: (a) the Net Litigation Recovery shall be deposited into the Litigation Account; (b) the net recovery received by the Liquidating Trustee of litigation claims arising under or related to any IRA and trust activities conducted by the Debtors prior to the Petit▇▇▇ Date shall be deposited into the Trust/IRA Account; (c) all other Cash received by the Liquidating ▇rustee (including the proceeds from any sale of the Assets by the Transferors and Platform Subsidiaries prior to the Effective Date) shall be deposited into the Collection Account; (d) any distributions to holders of Claims which are Disputed Claims under the Plan shall be deposited into the Distribution Reserve; and (e) any distributions which are undeliverable shall be deposited into the Holding Account in accordance with Section 5.10.

Deposits Into Accounts. Subject to Section 5.14 hereof: (a) The Contractor shall require each Servicer to post to each related Borrower’s account all payments of principal, interest and other charges with respect to the Borrower’s Financed Student Loan. The Contractor shall require each Servicer to remit to the Contractor or to deposit directly into the Revenue Fund as and when required by the Indenture all amounts received by the Servicer with respect to the Financed Student loan, including, without limitation, amounts constituting: (i) all identifiable payments, including, without limitation, any Guarantee Payments with respect to the Financed Student Loans; (ii) all liquidation proceeds on the Financed Student Loans; (iii) with respect to Financed Student Loans repurchased from the Trust, all aggregate purchase amounts; and (iv) all other amounts required to be deposited by the Servicer pursuant to the terms of the related Servicing Agreement or the Indenture.

Deposits Into Accounts. (i) The following amounts shall be deposited into the Revenue Account directly, or if received by the Borrower or any Subsidiary Guarantor, as soon as practicable upon receipt: (A) all Revenue received by the Borrower or any Subsidiary Guarantor (other than any amounts paid by SPL to CEILLC pursuant to the [Terminal Use Rights and Assignment Agreement or SPL O&M Agreement]); (B) all net payments paid to the Borrower under any Permitted Hedging Agreement; (C) all amounts required to be transferred to the Revenue Account from any other Account as contemplated under this Agreement; and (D) any otherwise unidentified funds received by the Borrower and any Subsidiary Guarantor; provided that the Borrower and, after becoming Subsidiary Guarantors, CEILLC, Tug Services, CCTP and SPLNG shall be permitted to retain in their applicable Local Operating Account an amount equal to (1) in the case of the Borrower, without duplication of the amounts in clauses (2) and (3), the sum of the Borrower Operation and Maintenance Expenses then due and owing (including any amount owing from a prior month) plus expected Borrower Operation and Maintenance Expenses for the following forty-five (45) days; (2) in the case of CEILLC, the sum of the Borrower Operation and Maintenance Expenses then due and owing by CEILLC (including any amount owing from a prior month) plus expected Borrower Operation and Maintenance Expenses of CEILLC for the following forty-five (45) days; (3) in the case of Tug Services, the sum of the Borrower Operation and Maintenance Expenses then due and owing by Tug Services (including any amount owing from a prior month) plus expected Borrower Operation and Maintenance Expenses of Tug Services for the following forty-five (45) days; (4) in the case of CCTP, the sum of the CCTP Operation and Maintenance Expenses then due and owing (including any amount owing from a prior month) plus expected CCTP Operation and Maintenance Expenses for the following forty-five (45) days; (5) in the case of SPLNG, the sum of the SPLNG Operation and Maintenance Expenses then due and owing (including any amount owing from a prior month) plus expected SPLNG Operation and Maintenance Expenses for the following forty-five (45) days; and, for the avoidance of doubt, the Borrower, CEILLC, Tug Services, CCTP and SPLNG shall not be required to transfer such amounts to the Revenue Account. (ii) If any of the foregoing amounts required to be deposited with the Depositary Bank in accordance wi...

Deposits Into Accounts. 22 SECTION 3.1. Revenue Account...................................................... 22 SECTION 3.2. Environmental Capital Expenditure Account............................ 22 SECTION 3.3. Recovery Event Proceeds Account...................................... 22 SECTION 3.4. Loan Principal Account............................................... 22 SECTION 3.5.

Deposits Into Accounts. Section 3.01. Deposits on Second Capital Contribution Date.... 11 Section 3.02. Revenues........................................ 11

Deposits Into Accounts. 7 SECTION 3.01.

Deposits Into Accounts. A. All revenues and receipts of the Issuer (excluding the proceeds of (i) the Notes, (ii) Distributions in respect of Permitted Equity Contributions made in accordance with subsection 7.1D of the Note Purchase Agreement and (iii) Distribution of the Prior Cost Amount on the Closing Date in accordance with the Note Purchase Agreement) shall be deposited directly into the Collection Account. Issuer shall direct every Person making any payments or distributions to Issuer to make all such payments or distributions directly into the Collection Account, and shall not revoke, rescind or otherwise modify any such directions, including those contained in any Closing Date Consent or Additional Consent. If Issuer receives any such revenues, receipts or distributions, such amounts shall be received in trust for the benefit of Secured Party and shall be deposited as soon as reasonably possible, and in any event within three (3) Business Days, into the Collection Account. B. Any deposit made into any Account shall be irrevocable (except if made as a result of manifest error) and the amount of such deposit plus any investment earnings thereon will be held by the Account Bank and applied, invested and transferred solely as provided in this Agreement and the Account Control Agreement. C. Issuer shall at all times maintain a positive balance in each Account, to the extent necessary to ensure that such Account is not closed.