Project Escrow Account definition

Project Escrow Account has the meaning set forth in Section 11.2(a).
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Project Escrow Account means any deposit account established in the name of the Borrower to hold funds, and only such funds, in escrow for a particular customer to cover costs of repairing and replacing infrastructure and other improvements on the customer’s property.
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Project Escrow Account means an account maintained by the Concessionaire/Licensee/Project Company for the entire remaining tenure of the Concession/License/Right of Way, wherein every month a portion from the total proceeds of revenue receipts of the Infrastructure Project shall be deposited by way of remittance from the Project Collection Account. The amounts standing to the credit of the Project Escrow Account shall be solely utilized for the routine and periodic maintenance of the Infrastructure Project.
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Examples of Project Escrow Account in a sentence

  • If funds in the Expansion Project Escrow Account are insufficient to complete the applicable Expansion Project (including any amounts as may thereafter be deposited in such account), Tenant shall pay any such deficiency prior to further disbursement from the Expansion Project Escrow Account.

  • The grant of the foregoing security interest shall be in addition to the ownership of the proceeds of the Project Escrow Account and the Project Escrow Fund by the Administrative Agent.

  • Landlord may establish a separate Expansion Project Escrow Account for each Expansion Project or may establish one Expansion Project Escrow Account for all the Expansion Projects together, but balances in one Expansion Project Escrow Account may be transferred to another Expansion Project Escrow Account upon Tenant’s request and Landlord’s approval in order to use excess funds for a different Initial Expansion Project.

  • All Net Cash Flow from the Project shall ---------------------- be deposited with Lender into the Project Escrow Account, which will be a demand deposit account in Borrower's name but under Lender's sole dominion and control.

  • Buyers and Sellers shall procure that, in accordance with Section 7.13, any amounts paid into the Kanan Project Escrow Account (if any) and any earnings thereon and (a) due to Sellers in accordance with Section 7.13 shall be promptly paid to Sellers and (b) due to Buyers in accordance with Section 7.13 shall be promptly paid to Buyers.

  • Net Sales Cash Flow shall be deposited into the Project Escrow Account until there has been a total aggregate deposit of at least $6,911,000 or 95 such greater amount that the Administrative Agent determines in its judgment is sufficient when taken together with funds to be disbursed under the Loans to complete the improvements contemplated by and to pay all other amounts required to be paid or disbursed under the Construction Budget.

  • The Expansion Project Escrow Account shall be interest-bearing or invested as mutually agreed by Landlord and Tenant, with Tenant entitled to the interest or earnings thereon.

  • Disbursements from the Expansion Project Escrow Account shall be made subject to and in accordance with the methodology and conditions set forth in Section 10.3 with respect to disbursement of Insurance Proceeds.

  • Without limiting the foregoing or Administrative Agent’s other rights and remedies hereunder, in the event that Administrative Agent determines at any time that the Tax and Insurance Reserve Fund is not or will not be sufficient to pay real estate taxes and insurance premiums thirty (30) days prior to their respective due dates, Administrative Agent may utilize funds from time to time on deposit in the Project Escrow Account to pay such real estate taxes and insurance premiums when due.


More Definitions of Project Escrow Account

Project Escrow Account means the account maintained by the Escrow Agent into which Five Hundred Thousand Dollars ($500,000) of an Investing Member’s Capital Contribution shall be deposited upon subscription and which shall be disbursed to or at the direction of the Company upon satisfaction of the condition(s) outlined in the Offering Memorandum. Funds deposited in the Project Escrow Account by an Investing Member shall be treated as a Capital Contribution to the Company by that Investing Member.
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Project Escrow Account. As such term is defined in Section 4.1(f). ---------------------- --------------
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Project Escrow Account has the meaning assigned in the Cash Management Agreement.
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Related to Project Escrow Account

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • 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.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

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

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

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

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

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

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

  • 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.

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

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Indemnity Escrow Amount means $5,000,000.

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • 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);

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.