Project Account definition
Project Account means the account referred to in Section 3.04 (a) of this Agreement;
Project Account means the Project Account of the Project Loan Fund established by the Fiscal Agent pursuant to Section 2.11 hereof.
Examples of Project Account in a sentence
If at any time it shall become necessary that some or all of the securities purchased with the moneys in the Debt Service Account, the 2025A Project Account, the 2025B Project Account or any subaccounts therein be redeemed or sold in order to raise moneys necessary to comply with the provisions of this Agreement, the Issuer shall effect such redemption or sale, employing, in the case of a sale, any commercially reasonable method of effecting the same.
More Definitions of Project Account
Project Account means the book account, if any, established by the Finance Authority in the name of the Borrower/Grantee for purposes of tracking expenditure of the Loan/Grant Amount by the Borrower/Grantee to pay for the costs of the Project, as shown in the Term Sheet, which account shall be kept separate and apart from all other accounts of the Finance Authority.
Project Account means the account to be opened by the Borrower in accordance with the provisions of Section 6.01 of this Agreement for purposes of making available its counterpart contribution to the financing of the Project;
Project Account means the account referred to in Section 6.01 of this Agreement, maintained by the Borrower in local currency and to be used for financing the Borrower’s contribution to Project expenditures;
Project Account means the project account used for the Borrower’s counterpart financing for the Project, referred to in Section 3.03 of this Agreement.
Project Account means the Project Account established in Section 213 hereof.