Establishment of Project Accounts. Each of the Project Accounts shall have been established to the reasonable satisfaction of the Administrative Agent.
Establishment of Project Accounts. On or prior to the Closing Date, the Accounts Bank shall establish and maintain, in the name of the Borrower's Agent and on the books and records of the Accounts Bank's offices located in Monterey Park, California the accounts set forth below:
(a) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Escrow Account", Account No. 0000000000 (the "Escrow Account");
(b) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Construction Holding Account", Account No. 0000000000 (the "Construction Holding Account");
(c) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Stockton Construction Account", Account No. 0000000000 (the "Stockton Construction Account");
(d) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Xxxxxxx Construction Account", Account No. 0000000000 (the "Xxxxxxx Construction Account");
(e) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Xxxxxx Construction Account", Account No. 0000000000 (the "Xxxxxx Construction Account");
(f) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Revenue Account", Account No. 0000000000 (the "Revenue Account");
(g) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Operating Account", Account No. 0000000000 (the "Operating Account");
(h) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Maintenance Capital Expense Account", Account No. 0000000000 (the "Maintenance Capital Expense Account");
(i) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Working Capital Reserve Account", Account No. 0000000000 (the "Working Capital Reserve Account");
(j) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Debt Service Reserve Account", Account No. 0000000000 (the "Debt Service Reserve Account");
(k) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Prepayment Holding Account", Account No. 0000000000 (the "Prepayment Holding Account");
(l) a special, segregated, Dollar-denominated account entitled "UBOC Control - Paci...
Establishment of Project Accounts. The Subrecipient shall maintain Project accounts in accordance with generally accepted government accounting standards and any instructions issued by the County.
Establishment of Project Accounts. Each of the Project Accounts shall have been established.
Establishment of Project Accounts. (a) On or prior to the Closing Date, the Accounts Bank shall establish and maintain, in the name of the Lender and on the books and records of the Accounts Bank at the offices of the Accounts Bank, the accounts listed in Exhibit A.
(b) The Lender may direct the Accounts Bank to establish and maintain additional Project Accounts and sub-accounts within the Project Accounts from time to time consistent with the terms of the Credit Agreement and the other Financing Documents; provided, that for so long as no Event of Default has occurred and is continuing, no additional Project Accounts and subaccounts may be established without the Borrower’s prior written consent.
Establishment of Project Accounts. The Recipient shall maintain Project accounts in accordance with generally accepted government accounting standards and any instructions of the Corporation.
Establishment of Project Accounts. 12 SECTION 3.2 INVESTMENT OF FUNDS IN THE PROJECT ACCOUNTS.......................................................13 SECTION 3.3
Establishment of Project Accounts. The Collateral Agent hereby confirms that it has established with the Depositary Bank at its office at the address listed in Section 7.4, New York, New York, the following special, segregated accounts (the "Project Accounts"):
(i) Construction Account;
(ii) Revenue Account;
(iii) Operating and Maintenance Account;
(iv) Debt Service Reserve Account;
(v) DSR LOC Reimbursement Fund;
(vi) CP LOC Reimbursement Fund;
(vii) Restoration Account;
(viii) Major Maintenance Reserve Account;
(ix) Fuel Conversion Payment Volume Rebate Account;
(x) Subordinated Debt Account; and
Establishment of Project Accounts. The Borrower covenants and agrees with the Agent:
(a) to maintain the Proceeds Account;
(b) to establish and maintain a United States Dollars denominated interest bearing account located in the United States of America in a place and with a bank or financial institution reasonably acceptable to the Agent, that account to be called the ‘Black Fox Project – Debt Service Reserve Account’;
(c) to maintain each Project Account in the location and with the bank or financial institution at which that account was originally established and not change that account to another bank or financial institution without the Agent’s prior written consent;
(d) to cause all interest and other earnings on a Project Account to be credited to the Proceeds Account; and
(e) to deal with the amounts standing to the credit of a Project Account in accordance with this clause 12 and not otherwise.
Establishment of Project Accounts of the Amended Credit Agreement.
