Operating Accounts definition

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

Operating Accounts means any or all of them;

Operating Accounts shall have the meaning set forth in Section 9.02 A.

Examples of Operating Accounts in a sentence

• CCP shall promptly deposit any insurance proceeds received by CCP from any insurance obtained pursuant to this Agreement or otherwise associated with the Project into the Operating Accounts of the Project Participants based on each Project Participants’ Entitlement Shares.

• If a Defaulting Project Participant fails to cure a Payment Default and the Defaulting Project Participant’s Project Rights and Obligations are terminated and disposed of in accordance with Section 12.8, any funds remaining in the Step- Up Reserve Account shall be deposited into the Operating Accounts of the Non-Defaulting Project Participants on a pro rata share, based on the Entitlement Share, subject to the Step-Up Invoice Amount Cap, of such other Project Participant.

• Such Operating Accounts are for the purpose of providing a reliable source of funds for the payment obligations of the Project and, taking into account the variability of costs associated with the Project for the purpose of providing a reliable payment mechanism to address the ongoing costs associated with the Project.

• If a Defaulting Project Participant cures a Payment Default on or before the Payment Default Termination Deadline, any funds remaining in the Step-Up Reserve Account shall be deposited into the Operating Accounts of the other Project Participants on a pro rata share, based on the Entitlement Share of such other Project Participant.

• If, at any time during the Term of the Agreement, the DPA is performing services for HUD pursuant to another contract or agreement, the DPA shall separately maintain Records and Operating Accounts for each such agreement and shall otherwise segregate matters pertaining to its performance under each such agreement.

More Definitions of Operating Accounts

Operating Accounts means either or both of them;

Operating Accounts means the Cash Management Accounts which are designated as "operating accounts" on Schedule 8.01.

Operating Accounts moneys are withdrawn from any of the Operating Accounts other than in accordance with clause 14; or

Operating Accounts means, individually or collectively, the operating accounts established and maintained by Loan Parties and which are designated as such and listed on Schedule 5.23.

Operating Accounts shall have the respective meanings set forth in Section 7.30.3.

Operating Accounts shall have the meaning assigned to such term in Section 3.2(a).

Operating Accounts means the operating accounts described on Schedule 5.26 to the Loan Agreement, and any additional or replacement accounts from time to time established and maintained by any of the Loan Parties.