General Account. As soon as the facility becomes revenue producing, all funds received shall be set aside in an account to be designated as the General Account, and disbursements and transfers from this account shall be in the following priority: Debt Service, Operations and Maintenance, transfers to Reserve Account. Monies deposited in the General Account shall be used only in the manner and order as follows:
Appears in 7 contracts
Samples: Loan Resolution Security Agreement, Loan Resolution Security Agreement, Loan Resolution Security Agreement
General Account. As soon as the facility Facility becomes revenue producing, all funds received shall be set aside in an account to be designated as the General Account, and disbursements Account Disbursements and transfers from this account shall be in the following priorityfor: Debt Servicedebt service, Operations operations and Maintenancemaintenance, and transfers to an account designated as the Reserve Account. Monies deposited in the General Account shall be used only in the manner and order as follows:
Appears in 1 contract
Samples: Loan Resolution Security Agreement
