project collection account definition
project collection account means the designated bank account for receipts of sale/allotment proceeds of a specific joint venture project, to be solely operated by the Authority;
project collection account means an account opened for the exclusive collection/deposit of all revenue receipt of an infrastructure project that shall be operated by the Concessionaire/Licensee/Project Company in accordance with financing agreements with the lenders. Any amounts standing to the credit of the Project Collection Account, after appropriations for debt servicing, maintenance and other appropriation(s) as per the Financing Agreement(s) shall be remitted to the Project Account (s).