Common use of RELEASE OF EXCESS AMOUNTS Clause in Contracts

RELEASE OF EXCESS AMOUNTS. If, as of any Principal Payment ------------------------- Date, (a) an amount is on deposit in the Debt Reserve Account, the Parent Interest Reserve Account or the Operating Reserve Account in excess of the Required Balance for such Account as the result of the actual realization of income or gain on the amounts on deposit in such Account and (b) no Event of Default or Designated Event has occurred and is continuing, then the Administrative Agent shall transfer any such excess amounts to the Revenue Account. After the payment of all Capital Costs, amounts remaining on deposit in the Construction Account, the Construction Contingency Reserve Account and the Clean-Up Account shall be applied first, to fund the Debt Reserve Account, the ----- Parent Interest Reserve Account and the Operating Reserve Account to bring the amounts on deposit therein up to the Required Balances (in the order of priority set forth in Section 8.08(d)) and second, to the prepayment of the Loans in --------------- ------ accordance with Section 2.11(e). ---------------

RELEASE OF EXCESS AMOUNTS. If, as of any Principal Payment ------------------------- Date, (a) an amount is on deposit in the Debt Reserve Account, the Parent Holdings Interest Reserve Account or the Operating Reserve Account in excess of the Required Balance for such Account Account, as the result of the actual realization of income or gain on the amounts on deposit in such Account and (b) no Event of Default or Designated Event has occurred and is continuing, then the Administrative Agent shall transfer distribute any such excess amounts to the Revenue Account. After the payment of all Capital Costs, amounts remaining on deposit in the Construction Account, the Construction Contingency Reserve Account, the VAT Refund Account and the Clean-Up Account shall be applied first, to fund the Debt ----- Reserve Account, the ----- Parent Interest Reserve Account and the Operating Reserve Account Accounts to bring the amounts on deposit therein up to the Required Balances (in the order of priority set forth in Section 8.08(d)) and second, to --------------- ------ the prepayment of the Loans in --------------- ------ accordance with Section 2.11(e). ---------------