Disbursements from the Operating Account. Borrower shall submit a set of Account Withdrawal Documents to Administrative Agent as and when, but no more frequently than 1 time each month Borrower seeks to withdraw or transfer funds from the Operating Account. The applicable Account Withdrawal Request shall request Administrative Agent to direct the Collateral Agent to direct Depositary to apply monies on deposit in the Operating Account to pay, to the extent consistent with the then-current O&M Budget or otherwise approved or permitted hereunder, O&M Costs due and owing.
Appears in 2 contracts
Sources: Credit Agreement (Bloom Energy Corp), Credit Agreement (Bloom Energy Corp)