Loan Proceeds Account means the account designated in the Notice of Borrowing as the account into which the proceeds of the Advances are remitted.

Loan Proceeds Account means the account by that name established and held by the Lender under Section 3.05.

Loan Proceeds Account means the account of the District from which the Loan is to be funded, whether such account is established with the Trustee or otherwise.

Examples of Loan Proceeds Account in a sentence

The amounts on deposit in the Note Proceeds Account and the Remaining Funding Loan Proceeds Account of the Project Fund shall not be applied to the payment of Governmental Lender Closing Costs.
The amounts on deposit in the Tax-Exempt Governmental Lender Note subaccount of the Note Proceeds Account and the Remaining Funding Loan Proceeds Account of the Project Fund shall not be applied to the payment of Governmental Lender Closing Costs.
Not less than 95% of the moneys deposited in and credited to the Note Proceeds Account and the Remaining Funding Loan Proceeds Account of the Project Fund representing the proceeds of the Funding Loan, including Investment Income thereon, will be expended for Qualified Project Costs (the “95% Requirement”).
Unless an Event of Default (other than to fund the Carve Out Reserve, as defined in the Orders) has occurred and is continuing, the Borrower may withdraw funds from the DIP Term Loan Proceeds Account; provided that the Borrower shall apply such funds (or cause such funds to be applied) in accordance with the then current Approved Budget (subject only to Permitted Variances).
Such Notice of Borrowing shall specify (i) the aggregate principal amount of the Loans to be made, (ii) the proposed date of the Borrowing (which shall be a Business Day) and (iii) that the proceeds of the Loans shall be disbursed directly into the DIP Term Loan Proceeds Account.

More Definitions of Loan Proceeds Account

Loan Proceeds Account means an escrow account with the Escrow Agent into which the proceeds of the Loans (other than the Effective Date Direct Borrowing) shall be deposited and retained subject to withdrawal thereof by the Borrower (each such event, a “Withdrawal”) pursuant to a Withdrawal Notice for use in accordance with the terms hereof and of the Approved Budget or return thereof to the Lenders upon the occurrence of the Maturity Date for any reason whatsoever.

Loan Proceeds Account shall have the meaning assigned to such term in the Disbursement Agreement.

Loan Proceeds Account means the account established pursuant to Clause 23.6 (Loan Proceeds Account).

Loan Proceeds Account has the meaning ascribed to it in Annex C.

Loan Proceeds Account means an escrow account with the Escrow Agent into which the proceeds of the New Money Loans shall be deposited and retained subject to withdrawal thereof by the Borrower pursuant to a Withdrawal Notice for use in accordance with the terms hereof and of the Approved Budget or return thereof to the Lenders upon the occurrence of the Maturity Date for any reason whatsoever.

Loan Proceeds Account means account number [Redacted], in the name of the Agent for the benefit of the Borrowers, established at JPMorgan Chase Bank, N.A., or such account in replacement or substitution thereof.

Loan Proceeds Account means the sub-account of the Collateral Account maintained exclusively for the deposit of the proceeds of Loans.