Project Account definition

Project Account means the account referred to in Section 3.04 (a) of this Agreement;
Project Account means the account referred to in Section 3.03 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

  • The borrower shall also maintain, until the completion of the Project, a Project Account in Manat on terms and conditions acceptable to the Bank, to finance its counterpart contribution to the expenditures of the Project.

  • The Government’s contribution (the total Government co- financing share is US$ 28.5million, including VAT) to finance project expenditures will be disbursed from budget allocations through a Project Account maintained in a commercial bank, and managed by SFDI.

  • Funds will be released to finance expenditures as they are incurred, and Project Account will be replenished regularly.


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 pursuant to Section 3.02 of this Agreement;
Project Account means the account referred to in Section
Project Account means the account referred to in Section 3.05 of this Agreement;
Project Account means the account referred to in Section 6.01 (a) of this Agreement, maintained by the Borrower in Drams and to be used for financing the Borrower’s contribution to the Project’s expenditures.
Project Account means the account referred to in Section 3.03(a) of this Agreement;