Local Account definition

Local Account has the meaning provided in Section 3.1(c)(i).

Local Account means any local bank account (other than the Project Accounts) in the name of any Borrower.

Local Account means the local account established for the Local Bond within the 2016A Acquisition Fund.

Examples of Local Account in a sentence

• The Borrower shall not, and shall not permit any Grantor to, (a) establish or maintain any Local Account with any bank that is not an Eligible Bank or (b) deposit, or direct any customer (which shall include OPAL Fuels Station Services LLC (f/k/a TruStar Energy LLC) as the purchaser of Environmental Credit pursuant to any Offtake Agreement) purchasing Environmental Credit to deposit, the proceeds from the sale of any Environmental Credit in any account that is not a Local Account.

• The Local Government agrees that any amounts disbursed to it or for its account from the Local Account will be (i) immediately applied to reimburse the Local Government for Project Costs it has already paid or (ii) actually spent to pay Project Costs not later than five banking days after receipt.

More Definitions of Local Account

Local Account. Is defined in Section 8.3.

Local Account has the meaning set forth in Section 3 of the Cash ------------- Management Procedures.

Local Account has the meaning set forth in Section 2.6(a).

Local Account has the meaning provided in Section 5.1(d)(i).

Local Account means an account into which cash from restaurants of the Borrower and its Subsidiaries is initially deposited, and "Local Accounts" shall mean all such accounts collectively.

Local Account. A local depository account subject to a Blocked Account Agreement.

Local Account shall have the meaning provided in the Depositary Agreement.