Common use of RELEASE OF EXCESS AMOUNTS Clause in Contracts

RELEASE OF EXCESS AMOUNTS. If, as of any Principal Payment Date, (a)(i) an amount is on deposit in the Debt Reserve Account, the Maintenance Reserve Account, Capacity Upgrades Reserve Account in excess of the Debt Reserve Required Balance, Capacity Upgrades Reserve Required Balance or the Maintenance Reserve Required Balance, as applicable, or (ii) an amount is on deposit in the Operating Reserve Account in excess of the Operating Reserve Maximum Balance, whether as the result of the actual realization of income or gain on the amounts on deposit in such Account or otherwise and (b) no Event of Default or Designated Event has occurred and is continuing, then the Administrative Agent shall, upon the instruction of the Company, distribute any such excess amounts to the Revenue Account. 146

RELEASE OF EXCESS AMOUNTS. If, as of any Principal Payment Date, (a)(i) an amount is on deposit in the Debt Reserve Account, the Maintenance Reserve Account, Capacity Upgrades Reserve Account in excess of the Debt Reserve Required Balance, Capacity Upgrades Reserve Required Balance or the Maintenance Reserve Required Balance, as applicable, or (ii) an amount is on deposit in the Operating Reserve Account in excess of the Operating Reserve Maximum Balance, whether as the result of the actual realization of income or gain on the amounts on deposit in such Account or otherwise and (b) no Event of Default or Designated Event has occurred and is continuing, then the Administrative Agent shall, upon the instruction of the Company, distribute any such excess amounts to the Revenue Account. 146.