Common use of Funds Flow Memorandum Clause in Contracts

Funds Flow Memorandum. The Borrower shall have delivered to the Administrative Agent a duly executed letter of direction directing the disbursement on such Subsequent Project Funding Date or Other Funding Date, as applicable, of the proceeds of the Loans made on such date or, if the Borrower elects not to deliver such letter of direction, the proceeds of such Loans shall be deposited into the Revenue Account.

Funds Flow Memorandum. The Borrower shall have delivered to the Administrative Agent a duly executed letter of direction directing the disbursement on such Subsequent Initial Project Funding Date or Other Funding Date, as applicable, of the proceeds of the Loans made on such date or, if the Borrower elects not to deliver such letter of direction, the proceeds of such Loans shall be deposited into the Revenue Account.