Project Accounts definition

Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

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Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

Project Accounts has the meaning given to such term in the Accounts Agreement.

Examples of Project Accounts in a sentence

• The Borrower will not establish or maintain any bank accounts other than the Project Accounts, Local Accounts, ROW Accounts and the Permitted Subsidiary Account; provided that, no such Local Accounts, ROW Accounts or the Permitted Subsidiary Account shall contain any funds unless subject to a Control Agreement.

• The proceeds of the Initial Term Loans received from time to time during the TLA Availability Period shall be used to (i) fund a portion of the Project Costs, (ii) fund the Project Accounts in accordance with the Security and Depositary Agreement and (iii) fund the Transaction Expenses.

• The Borrower will not establish or maintain any bank accounts other than the Project Accounts, the Local Accounts, the ROW Accounts and the Permitted Subsidiary Account; provided that, no such Local Accounts, ROW Accounts or the Permitted Subsidiary Account shall contain any funds unless subject to a Control Agreement.

• The proceeds of the Initial Term Loans received on the Closing Date shall be used to (i) consummate the Closing Date Distribution, (ii) fund a portion of the Project Costs, (iii) fund the Project Accounts in accordance with the Security and Depositary Agreement and (iv) fund the Transaction Expenses.

More Definitions of Project Accounts

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

Project Accounts means any or all of each Debt Service Reserve Account, the ▇▇ ▇▇▇▇ Collateral Account, the Offshore Proceeds Accounts, the Onshore Working Capital Accounts and the Insurance Proceeds Accounts, in each case, as established pursuant to clause 20 (Bank Accounts and Cash Management) of this Agreement and any account established further to clause 10.3 (Aggregate outstandings exceed the Borrowing Base Amount) of this Agreement, with such accounts being secured in favour of the Secured Parties.

Project Accounts means the trust accounts established pursuant to the Construction Funds Trust Agreement to hold amounts remitted to the Construction Funds Trust in respect of the Authority Contribution Amount, the PSL Contribution Amount, and the StadCo Contribution Amount.

Project Accounts means Project Account A and B;

Project Accounts means: (i) account number 545454 at Bank Hapoalim, Migdal Haemek Branch, No. 728, in the name of Tower; and (ii) account number 13030062 at Bank Leumi, Haifa Branch, in the name of Tower.

Project Accounts shall have the meaning described in Section 2.8 herein.

Project Accounts has the meaning provided in Section 1.01 of the Accounts Agreement.