Designated Account definition

Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

Designated Account means the Deposit Account of Administrative Borrower identified on Schedule D-1.

Designated Account means account number 180192002426 of Borrower maintained with Borrower's Designated Account Bank, or such other deposit account of Borrower (located within the United States) which has been designated, in writing and from time to time, by Borrower to Foothill.

Examples of Designated Account in a sentence

• The Project will receive disbursements from the World Bank through direct payment, reimbursement, special commitments and Advance to a Designated Account, once this method is allowed in Tajikistan; advancing of Grant proceeds into a Designated Account is not a Disbursement Method currently available under this Grant.

• A unique Designated Account (DA) will be opened to cover all project expenses.

• In application of section 5.2 of the Disbursement Guidelines for Investment Project Financing, the use of a Designated Account is not permitted under this new operation due to the recipient’s failure to refund undocumented advances to Designated Accounts within two months after the disbursement deadline date under three recently closed projects.

• Form of Designated Account Reconciliation/Activity Statement Eunan Onyenuma, Finance Analyst: author of the letterCleared with and cc: Ghada Youness, Country LawyerElene Imnadze, Task Team Leader Cc with copies: David Janiashvili, Head of the OfficeParliament of Georgia d.janiashvili@parliament.

• Issues include permitting and land acquisition which the PMU is focusing on.Financial Management: A project-level Designated Account (DA) was established in December 2021.

More Definitions of Designated Account

Designated Account means the Account designated by you (and which designation we have approved) for the time being for the purpose of carrying out Card Transactions.

Designated Account has the meaning specified in Section 1.2(c).

Designated Account means account number [**] of Borrower maintained with Borrower's Designated Account Bank, or such other deposit account of Borrower (located within the United States) that has been designated, in writing and from time to time, by Borrower to Agent.

Designated Account means (a) so long as the Administrator or one of its Affiliates is the sole Certificateholder, the account designated by such Certificateholder (which need not be under the control of the Paying Agent) and (b) at any time thereafter, the Certificate Distribution Account.

Designated Account means that certain DDA of Borrower identified on Schedule D-1.

Designated Account means, in respect of any Advance, the account or accounts maintained by the Borrower at a branch of the Agent in Canada that the Borrower designates in its notice requesting an Advance.

Designated Account means the account maintained by a holder with a Designated Bank and identified as such in the Register and “Designated Bank” means (in the case of payment in a specified currency other than euro) a bank in the principal financial centre of the country of such specified currency (which, if the specified currency is New Zealand dollars, shall be Auckland) and (in the case of a payment in euro) any bank which processes payments in euro. Payments of interest and payments of instalments of principal (other than the final instalment) in respect of each Registered Note (whether or not in global form) will be made by a cheque in the specified currency drawn on a Designated Bank and mailed by uninsured mail on the business day in the place where the specified office of the Registrar is located immediately preceding the relevant due date to the holder (or the first named of joint holders) of such Note appearing in the Register (i) where in global form, at the close of the business day (being for this purpose a day on which Euroclear and Clearstream, Luxembourg are open for business) before the relevant due date, and (ii) where in definitive form, at the close of business on the fifteenth day (whether or not such fifteenth day is a business day) before the relevant due date (also a “Record Date”) at his address shown in the Register on such Record Date and at his risk. Upon application of the holder to the specified office of the Registrar not less than three business days in the place where the specified office of the Registrar is located before the due date for any payment of interest in respect of a Registered Note, the payment may be made by transfer on the due date in the manner provided in the preceding paragraph. Any such application for transfer shall be deemed to relate to all future payments of interest (other than interest due on redemption) and instalments of principal (other than the final instalment) in respect of the Registered Notes which become payable to the holder who has made the initial application until such time as the Registrar is notified in writing to the contrary by such holder. Payment of the interest due in respect of each Registered Note on redemption and the final instalment of principal will be made in the same manner as payment of the principal amount of such Note. Holders of Registered Notes will not be entitled to any interest or other payment for any delay in receiving any amount due in respect of any such Note as a result of a che...