Project Account Agreement definition

Project Account Agreement means a Project Account Agreement in form and substance satisfactory to the Senior Lenders among the Senior Lenders, the Borrower and the Account Bank, which regulates (a) the opening, operation and maintenance of the Account and the use of the funds deposited therein; and (b) certain aspects of the operation of the Borrower Accounts."
Sample 1
Project Account Agreement shall have the meaning set forth in Article 22;
Sample 1
Project Account Agreement shall have the meaning set forth in Article 11.1.2;
Sample 1

Examples of Project Account Agreement in a sentence

  • Permitted withdrawals relating to the EDL project from these Designated Accounts are subject to terms and conditions of the Project Account Agreement (Note 30).

  • At any time that an Event of Default shall have occurred and be continuing, the Senior Lenders may notify the Account Bank of the existence of such Event of Default and, upon receipt of such notification by the Senior Lenders, the Account Bank shall make (or cause to be made) transfers from the Operating Account as directed by the Senior Lenders, pursuant to the Project Account Agreement.

  • Permitted withdrawals relating to the KL Central development project from these Designated Accounts are subject to terms and conditions of the Project Account Agreement (Note 27).

  • The Borrower will not (and Bema will cause the Borrower not to) issue any instruction or take any other action pursuant to any Project Account Agreement or otherwise in connection with any Project Account which would be inconsistent with the provisions of this Article, the other provisions of this Agreement or the provisions of any other Operative Document.

  • At any time that an Event of Default shall have occurred and be continuing, upon notification by the Senior Lenders to the Account Bank of the existence of such Event of Default, the Account Bank shall make (or cause to be made) transfers from the collected credit balance of the Debt Service Reserve Account pursuant to the Project Account Agreement as are required by the Senior Lenders.

  • The Borrower irrevocably agrees to deposit into and remit funds from the Accounts in accordance with this Agreement, the Project Account Agreement and the other Financing Documents.

  • Terms for which meanings are provided in the Project Account Agreement are, unless otherwise defined in this certificate, used in this certificate with such meanings.

  • The Project Account shall be operated and maintained till the date of termination and thereafter, the Company/Consortium shall be entitled to discontinue the same and terminate the Project Account Agreement.

  • This Agreement, including its Appendices, is governed by French law, except for the Alcatel Equipment Lien Agreement, the Titan Africa Facility Account Pledge Agreement, the Pledged Project Account Agreement, the O.P.T.B. Account Pledge Agreement, and the First Demand Guaranty which are governed by the laws of the Republic of Benin.

  • The aggregate cash balance of the Accounts shall be invested in accordance with Sections 5 and 6 of the Project Account Agreement.

Related to Project Account Agreement

  • Account Agreement means the agreements for the operation of the Account.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Spread Account Agreement The Spread Account Agreement, dated as of March 25, 1993, as thereafter amended and restated, among the Seller, AFL, the Security Insurer, the Collateral Agent and the trustees specified therein, as the same may be amended, supplemented or otherwise modified in accordance with the terms thereof.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

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

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Lock-Box Agreement With respect to any Mortgage Loan or Serviced Loan Combination, the lock-box or other similar agreement, if any, between the related originator(s) and the Mortgagor, pursuant to which the related Lock-Box Account, if any, may have been established.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • Account Control Agreement(s) means any agreement entered into by and among the Lender, Borrower and a third party Bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Lender a perfected first priority security interest in the subject account or accounts.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).