Bank Proceeds Account definition

Bank Proceeds Account means the account referenced in Section 2.3.6 of the Disbursement Agreement and established pursuant to the Bank Company Collateral Account Agreement.

Bank Proceeds Account as defined in the Disbursement Agreement.

Bank Proceeds Account means the account established by the Borrower with the Disbursement Agent pursuant to the Borrower Collateral Account Agreement into which the proceeds of the Loans shall be deposited by the Administrative Agent from time to time.

Examples of Bank Proceeds Account in a sentence

• Then, “[u]pon satisfaction or waiver of the applicable conditions precedent specified in Section 2.1,” the Administrative Agent was to make the funds available in the Bank Proceeds Account, as consistent with the conditions set forth in the Disbursement Agreement.

• Generally, the Disbursement Agreement was structured so that Disbursement Agreement Loans were paid into a Bank Proceeds Account.

• On or prior to the Closing Date, there shall be established at Deutsche Bank Trust Company Americas, as the Securities Intermediary, the Bank Proceeds Account pursuant to the Bank Company Collateral Account Agreement.

• The Disbursement Agent shall cause investment income from Permitted Investments in amounts on deposit in the Bank Proceeds Account to be deposited at all times therein until applied to the payment of Project Costs or in accordance with Sections 2.9(e) or 2.11, as applicable.

• Additionally, all proceeds on deposit in the Bank Proceeds Account on the Amended and Restated Effective Date shall be applied to the repayment of Term B Loans on the Amended and Restated Effective Date.

More Definitions of Bank Proceeds Account

Bank Proceeds Account means account number 899573596 in the name of OpCo established at JPMorgan Chase Bank, N.A. or such account in replacement or substitution thereof.

Bank Proceeds Account has the meaning assigned to such term in the Disbursement Agreement as in effect on the Issue Date.

Bank Proceeds Account. Interest Payment Account" and "Pre-Completion Revenues Account" are defined in the Disbursement Agreement.

Bank Proceeds Account shall have the meaning assigned to such term in the First Lien Security Documents.

Bank Proceeds Account means a deposit account of one or more of the Loan Parties at the Administrative Agent under the control of the Collateral Agent pursuant to a Bank Proceeds Account Control Agreement.

Bank Proceeds Account means Deposit Account number in the name of REG established at JPMorgan Chase Bank, N.A. or such other Deposit Account in replacement or substitution thereof.

Bank Proceeds Account is defined in the Disbursement Agreement.