Operating Account Shortfalls Clause Samples

Operating Account Shortfalls. If Operator reasonably determines based on the Cost Outlook that Owner’s current cash assets in the Operating Account and projected gross receipts in the Operating Account are reasonably projected to be insufficient to meet payment obligations during the upcoming six (6) Calendar Month period, Operator shall prepare and deliver to Owner a notice (the “Shortfall Notice”), of the estimated amount of the shortfall for each of the upcoming six (6) months (the entirety of such amounts, “Shortfall Estimate”). Subject to the terms of the Owner LLC Agreement, Owner may cause each Shortfall Estimate to be deposited in the Operating Account within fifteen (15) Business Days of Owner’s receipt of such Shortfall Notice.