Project Accounts. (i) Developer shall, and shall require all Transferees to, establish and maintain one or more accounts (each, a “Project Account”) with the San Francisco branches of financial institutions Approved by Authority to which all Gross Revenues shall be deposited. Financial institutions holding Project Accounts may be changed from time to time with Approval of Authority and Developer.
Appears in 3 contracts
Samples: Development Agreement, Disposition and Development Agreement, Development Agreement
Project Accounts. (i) 1.3.1. Developer shall, and shall require all Transferees to, establish and maintain one or more accounts (each, a “Project Account”) with the San Francisco branches of financial institutions Approved by Authority to which all Gross Revenues shall be deposited. Financial institutions holding Project Accounts may be changed from time to time with Approval of Authority and Developer.
Appears in 1 contract
Samples: Development Agreement
