Financing Account definition

Financing Account means a non-budgetary account (i.e., its transactions are excluded from the budget totals) that records all of the cash flows resulting from post–1991 direct loans or loan guarantees. It disburses loans, collects repayments and fees, makes claim payments, holds balances, borrows from Treasury, earns or pays interest, and receives the subsidy cost payment from the credit program account. There is at least one financing account associated with each program account. Separate financing accounts are required for direct loan cash flows and for loan guarantee cash flows. Financing account schedules are printed in the Budget Appendix together with the program account.
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Financing Account means: (a) the Credit Account if the Financing Agreement provides for a Credit only; (b) the Grant Account if the Financing Agreement provides for a Grant only; or (c) the Credit Account in respect of the Credit and the Grant Account in respect of the Grant if the Financing Agreement provides for a Credit and a Grant.
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Financing Account means, collectively, the Loan Account and the account opened by the Bank in its books in the name of the Borrower to which the amount of the Concessional Portion of the Financing is credited.”
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Examples of Financing Account in a sentence

  • If the Financing Agreement provides for the repayment out of the proceeds of the Financing of an advance made by the Association or the Bank (“Preparation Advance”), the Association shall, on behalf of the Recipient, withdraw from the Financing Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Financing Account and to pay all accrued and unpaid charges, if any, on the advance as at such date.

  • This account replaced the Capital Financing Account from 1st April 2007.

  • Amount payable from the Petroleum Underground Storage Tank Financing Account (Item 3940-001-8026) ........................

  • Amounts are appropriated to the Capital Financing Account from the Statement of Movement on the General Fund Balance.

  • From 1 April 2007 the Fixed Asset Restatement Account and Capital Financing Account will be replaced by a Revaluation Reserve and a Capital Adjustment Account respectively.


More Definitions of Financing Account

Financing Account means the account opened by the Bank in its books in the name of the Recipient to which the Financing is credited in accordance with Section 3.01 (a).
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Financing Account means, as the context may require, the Credit Account, if this Agreement is a Development Credit Agreement, or the Grant Account, if this Agreement is a Development Grant Agreement;
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Financing Account has the meaning set forth in Section 7.09.
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Financing Account means the Credit Account or the Grant Account, as the context may require.”
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Financing Account means the Credit Accounts for each of Credit A and Credit B (each as defined in the Financing Agreement).”
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Financing Account means the deposit account referred to in paragraph 3 of Schedule 6 to this Agreement;
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Financing Account means a special purpose bank account established by the Corporation or any Corporation Subsidiary specifically to receive and hold the funds contemplated by Section 1.2(c) and maintained by the Corporation or the applicable Corporation Subsidiary following the Closing to ensure that the funds deposited therein are used in accordance with the Finance Account Agreement.
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