Common use of Payments on the Bonds Clause in Contracts

Payments on the Bonds. Any payments received by the Agent on account of the principal of or interest on the Bonds shall be distributed by the Agent in accordance with the applicable provisions of the Credit Agreement, and the Company hereby consents to such distribution.

Appears in 5 contracts

Sources: Bond Delivery Agreement (Avista Corp), Bond Delivery Agreement (Avista Corp), Bond Delivery Agreement (Avista Corp)

Payments on the Bonds. Any payments received by the Agent on account of the principal of or interest on the Bonds shall be distributed by the Agent in accordance with the applicable provisions of the Credit Loan Agreement, and the Company hereby consents to such distribution.

Appears in 1 contract

Sources: Bond Delivery Agreement (Avista Corp)