Loss Proceeds Account definition

Loss Proceeds Account has the meaning set forth in Section 3.3(a).

Loss Proceeds Account has the meaning set forth in Section 2.12(f) hereof.

Loss Proceeds Account has the meaning given in Section 1.1 of the Depositary Agreement.

Examples of Loss Proceeds Account in a sentence

• Each of the Loss Proceeds Account and the Joint Insurance Account shall be held and administered by the Security Trustee in accordance with this Agreement.

• For the avoidance of doubt, any Physical Damage Proceeds that are returned to the Borrower by the Enterprises pursuant to Section 25.5.2.c of the Project Agreement (such proceeds, “Returned Loss Proceeds”) shall be deposited directly into the Loss Proceeds Account.

• Following the release of any funds from the Joint Insurance Account, such funds shall be transferred to the Loss Proceeds Account and applied pursuant to clauses second through fourth of clause (c) above.

• All Net Loss Proceeds received by the Concessionaire or to its order and all condemnation proceeds are to be deposited directly into the Loss Proceeds Account; provided that such amounts shall be deposited directly into the Joint Insurance Account to the extent required pursuant to the terms of the Concession Agreement.

• The Loss Proceeds Account shall form part of the Collateral and the Joint Insurance Account shall not form part of the Collateral.

More Definitions of Loss Proceeds Account

Loss Proceeds Account has the meaning assigned to it in the Collateral Agency Agreement.

Loss Proceeds Account means an account maintained by Lender for purposes of depositing any Loss Proceeds.

Loss Proceeds Account shall have the meaning assigned to such term in the Depositary Agreement.

Loss Proceeds Account means the account designated by that name established by the Company with Depositary pursuant to Section 2.1.

Loss Proceeds Account means the Loss Proceeds Account, so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement.

Loss Proceeds Account as defined in Section 2.1(d).

Loss Proceeds Account has the meaning given in Section 6(f) of the Account Control Agreement.