Project Bank definition

Project Bank means the bank which provides the Project Bank Account.

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Project Bank means a bank licensed to operate in Romania which is acceptable to EBRD and which is duly selected by the Borrower to become a party to the Debt Service Reserve Account Agreement in accordance with applicable law and regulations.. "Project Support Deed" means the project support deed to be entered into among the Borrower, the City and EBRD, defining the terms and conditions of support to the Project, the MELF Project and the Water System Extension Loan Project to be provided by the City, which deed shall be in form and substance satisfactory to EBRD. "Reference Page" means the display of Euro-zone interbank offered rates for deposits in the Loan Currency designated as page EURIBOR01 on Reuters services (or such other page as may replace page EURIBOR01 on Reuters services for the purpose of displaying Euro-zone interbank offered rates for deposits in the Loan Currency).

Project Bank means the bank identified in the Appendix: Contract Particulars. (e) “Project Bank Account” means the account used to receive payments from the Employer and the Contractor and to make payments to the Contractor and PBA Sub- Contractors. (f) “Trust Deed” means an agreement in the form appended to the Contract Specific Conditions which contains provision for administering the Project Bank Account. 10.13.2

Examples of Project Bank in a sentence

• Option Y(UK)1 Project Bank Account Optional Clients strongly encouraged to use.

• The Contractor has established a Project Bank Account to make provision for payment to the Contractor and the Named Suppliers.

• A payment made into the Project Bank Account pursuant to this special condition does not prejudice the right of either party to dispute whether the amount so paid is the amount properly due and payable and on determination of the amount so properly due and payable, the Principal or Contractor, as the case may be, is liable to pay the difference between the amount of such payment and the amount so properly due and payable.

• Subject to the provisions of the Contract, where any Progress Certificate certifies amounts due from the Principal to the Contractor, following receipt by the Principal of a properly completed and valid Progress Payment Instruction(s) and Payment Report, the Principal must pay the amount shown in the Progress Certificate into the Project Bank Account within the time for payment specified in item 6 of Appendix A.

• Without limitation to any other provision of the Contract, upon payment into the Project Bank Account of any amount which includes the value of an item of unfixed plant and materials, the item shall be the property of the Principal free of any lien or charge.

• During the Florida Pilot Project, Bank of America will solicit input from Persons with Vision Impairments.

• If the Principal is liable to pay the difference, it must (subject to the rights of the Principal pursuant to clause 42) be paid into the Project Bank Account by the Principal upon receipt from the Contractor of a properly completed Progress Payment Instruction.

• During the California Pilot Project, Bank of America will solicit input from Persons with Vision Impairments.

• Payments made into the Project Bank Account by the Principal are deemed to be payments made to the Contractor under the Contract.

• The parties to this deed agree that • sums due to the Contractor and Named Suppliers and set out in the Authorisation are held in trust in the Project Bank Account by the Contractor for distribution to the Contractor and Named Suppliers in accordance with the banking arrangements applicable to the Project Bank Account, • further Named Suppliers may be added as parties to this deed with the agreement of the Client and Contractor.

More Definitions of Project Bank

Project Bank means an interactive, web-based, publicly accessible database or project information bank that includes Projects that IGAs plan to develop to implement the MSDP and its Strategic Action Plans.

Project Bank means a bank licensed to operate in Romania which is acceptable to EBRD and which is legally selected by the Borrower to become a party to the Debt Service Reserve Account Agreement.

Project Bank means [Project Bank], [●] Branch;