Project Accounts definition

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

Project Accounts has the meaning given to such term in the Accounts Agreement.

Project Accounts means any or all of each Debt Service Reserve Account, the XX Xxxx Collateral Account, the Offshore Proceeds Accounts, the Onshore Working Capital Accounts and the Insurance Proceeds Accounts, in each case, as established pursuant to clause 20 (Bank Accounts and Cash Management) of this Agreement and any account established further to clause 10.3 (Aggregate outstandings exceed the Borrowing Base Amount) of this Agreement, with such accounts being secured in favour of the Secured Parties.

Examples of Project Accounts in a sentence

• The Operator shall allow the Authority all reasonable access to its records in order to verify the accuracy of the Project Accounts and/or Regular Reports, and the Operator is otherwise subject to the audit requirements set out in this Agreement.

• Financial institutions holding Project Accounts may be changed from time to time with Approval of Authority and Developer.

• Except for payments made to Third Parties at Developer’s request, all payments made under any Payment Request or Vested Payment Request will be deposited into one or more Project Accounts specified by Developer.

• All funds within Mitigation Project Accounts will be restricted to implementation and operation of respective compensatory mitigation projects, but may be used for any expenses incurred by the project during the Establishment phase or Long-Term Management phase (see Section V.B. for description of Operational Phases).

• All interest and earnings from the Program Account will remain in that account for the purpose of providing compensatory mitigation for impacts to Waters of the U.S. Interest earnings from the entire Program Account and Mitigation Project Accounts will be directed at the discretion of MARS to the Statewide Program Administration Account, Contingency Accounts, or Long-Term Management Account.

More Definitions of Project Accounts

Project Accounts. The accounts referred to in and required to be established under the Senior Financing Agreements;

Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

Project Accounts means: (i) account number 545454 at Bank Hapoalim, Migdal Haemek Branch, No. 728, in the name of Tower; and (ii) account number 13030062 at Bank Leumi, Haifa Branch, in the name of Tower.

Project Accounts shall have the meaning described in Section 2.8 herein.

Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

Project Accounts means the trust accounts established pursuant to the Construction Funds Trust Agreement to hold amounts remitted to the Construction Funds Trust in respect of the Authority Contribution Amount, the PSL Contribution Amount, and the StadCo Contribution Amount.

Project Accounts means Project Account A and B;