Priority Contract Account definition

Priority Contract Account shall have the meaning set forth in the Financing Documents. The purpose of the Priority Contract Account is to provide solely for the payment of amounts due under Priority Long Term Power Contracts.
Sample 1
Priority Contract Account means the account by that name established bySection 502.
Sample 1

Examples of Priority Contract Account in a sentence

  • King Hezekiah became just like King David in becoming another “sweet singer of Israel’s songs” (2 Samuel 23:3).

  • At the point at which DWR no longer holds any Priority Long Term Power Contracts, any balance in the Priority Contract Account shall be disposed of in the same fashion as Excess Amounts in Section 3 of this Addendum.

  • The Commission acknowledges that the Department intends to enter into Financing Documents that permit certain specified Department Costs to be funded out of amounts available in the Bond Charge Collection Account if insufficient moneys are available in the Priority Contract Account, Operating Account and the Operating Reserve Account to pay such specified Department Costs.

  • The Retail Revenue Requirements for any period shall take into account any deficiency or any surplus in amounts recovered in earlier periods, as well as any anticipated surpluses in the Priority Contract Account, Operating Account and the Operating Reserve Account in the period.

  • The Priority Contract Account will be used to pay for costs that DWR incurs under its PLTPCs. The Operating Reserve Account will be used to pay for Department Costs in the event there are insufficient funds in the Operating Account or the Priority Contract Account.

  • Poverty-driven is understood to mean illegal logging that is carried out to meet subsistence needs (i.e. fuelwood use or limited cash sales) and the motivation for commercial illegal logging is to earn cash income beyond what is needed for meeting subsistence needs.

  • Amounts in the Operating Account shall be transferred to the Priority Contract Account on or before the fifth Business Day of each month in such amount as is necessary to make the amount in the Priority Contract Account sufficient to pay Priority Contract Costs estimated to be due during the balance of such month and for the first five Business Days of the next succeeding month.

  • Such audited and unaudited financial statements shall separately state the balances in the Operating Account, Priority Contract Account, Operating Reserve Account, Bond Charge Collection Account, Bond Charge Payment Account and Debt Service Reserve Account.

  • At the point at which DWR no longer holds any Priority Long Term Power Contracts, any balance in the Priority Contract Account shall be disposed of in the same fashion as Excess Amounts in Section 2 of this Addendum.

  • Funds in the Operating Account will be used to pay for Department Costs,57 and funds also will be transferred to the Priority Contract Account.

Related to Priority Contract Account

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Finance Charge Account is defined in Section 4.9(a).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Note Account As defined in the Indenture.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Collection Accounts As defined in Section 3.10(a).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Principal Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.