Project Operating Account definition

Project Operating Account has the meaning set forth in Section 11.1.
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Project Operating Account means the account to be established and maintained by the Agency in the name of “Norwalk Redevelopment Agency – Project Operating Account f/b/o Xxxxxxx X. Xxxxxxxx Properties” at Bank of America, N.A. for the holding and disbursement of the Deposit in accordance with the terms of Section 2.1 hereof, as it may be renamed or transferred to another depository by agreement of the Redeveloper, the Finance Director and the Agency’s Authorized Representative from time to time.
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Project Operating Account has the meaning set forth in Section 11.1. "Publication" means any report, article, educational material, handbook, xxxxxxxx, pamphlet, press release, public service announcement, webpage, audio or visual material or other communication for public dissemination, which relates to all or any portion of the Project or is paid for in whole or in part using the Funding Amount.
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Examples of Project Operating Account in a sentence

  • Borrower may make withdrawals from the Project Operating Account solely for the payment of Project Expenses and Project Fees and payments and distributions of Surplus Cash in accordance with Section 3.5. Withdrawals from the Project Operating Account (including accrued interest) for any other purposes may be made only with the OCII’s express prior written approval.

  • Withdrawals from the Project Operating Account may be made only in accordance with the provisions of this Agreement and the approved Annual Operating Budget, as it may be revised from time to time with the OCII’s approval.

  • The formats are exemplified as Form C-1, Statements of Designated Account, Project Operating Account, and Revolving Fund Account and Form C-2, Statement of Expenditure.

  • Excess Revenue Fund.”Budgeted operating expenses, to be paid from the Project Operating Account, include monitoring fees, trustee fees, advisory fees, asset management fees, and other costs related to CalCHA’s continuing disclosure requirements.The Project Bonds will be non-recourse against CalCHA.

  • The Designated Account Statement will be prepared by the Forex Reserve and Treasury Management Department (FRTMD) of Bangladesh Bank and Project Operating Account Statement and the Revolving Fund Account Statement will be prepared by the Accounts and Budgeting Department of Bangladesh Bank.

  • Refinancing facilities will be made available to the PFI on “first come first served” basis and subject to the availability of balance in the Project Operating Account and the Revolving Fund Account.

  • Article IV of the Lockbox Agreement requires that disbursements from the Project Operating Account, Impositions Reserve Account, Replacement Reserve Account, Performance Incentive Account and Tenant Security Deposit Account shall be made pursuant to a disbursement request from an authorized officer of SAFBP.

  • The Agency shall use reasonable efforts to cause the institutions at which the Project Operating Account are maintained to provide duplicate Statements of account to the Redeveloper at such times as such statements are provided to the Agency.

  • The operation of Project Operating Account will be governed by applicable rules and procedures.

  • The Project is required to open and maintain the Designated Account, the Project Operating Account and the Revolving Fund Account with BB.


More Definitions of Project Operating Account

Project Operating Account means each of the Accounts so designated in Schedule 7 (Accounts) and any other account:
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Project Operating Account means account no. [Redacted: Confidential Information] maintained by the Borrower at the Agent’s branch located at First Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxx or such other bank account designated in writing by the Agent and the Borrower as the operating account for the Project.
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Related to Project Operating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

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

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

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Management Accounts Date means 30 September 2017;

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM or the successor, superseding or amended versions of the Amended and Restated Operating Agreement that may take effect from time to time.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.