Facility Account. The Facility will have its own retail account that will be established in the name of the Project Sponsor or one of the Customers. The person in whose name such account is established shall be responsible for payment of any charges associated with this account, including, but not limited to, any charges that are fixed amounts or calculated on units other than kilowatt-hours.
Facility Account. (a) Each of the Collateral Management Agent and the relevant Borrower shall have signing rights on a Facility Account.
(b) All Loans utilised by a Borrower under Facility A and Facility B shall be paid by the Facility Agent to the relevant Facility Account.
(c) The Borrower irrevocably authorises the Facility Agent to apply amounts credited to the Facility Account to meet the Borrower's payment obligations under Facility A and Facility B.
Facility Account. The Lender shall open a Euro facility account in the name of the Borrower, designated “Facility Account”. Each Borrowing made hereunder shall be debited to the Facility Account, in accordance with this Agreement, value the date of payment of such Borrowing. Repayments and prepayments shall be applied to the Facility Account accordingly.
Facility Account. The Trustee, for the benefit of the Series 1998-1 Noteholders, shall establish and maintain an account (the "Series 1998-1 Facility Account") as a segregated trust account in the Trustee's corporate trust department, identified as the "Advanta Equipment Receivables Asset-Backed Notes Series 1998-1 Facility Account in trust for the Series 1998-1 Noteholders." The Trustee shall make or permit withdrawals from the Series 1998-1 Facility Account only as provided in this Series 1998-1
Facility Account. 29.1 Facility Agent’s account The Agent, acting in such capacity, will open and carry in its books one special account in the name of Cemex España, where the Agent shall debit the amount of principal, ordinary interest, commissions, fees, costs, indemnity interest, additional costs and other sums owed by Cemex España, by virtue of this Agreement, and will pay into the account all sums received by the Agent to pay the amounts owed by Cemex España as a consequence of the same, so that the balance of such account reflect at all times the amount owed by Cemex España by virtue of this Agreement. By this way, the liquid balance owed by the Borrowers to each and every one of the Lenders in relation to the Bridge Facility will be settled at all times and in accordance with that provided for in this Agreement.
29.2 Account of each of the Lenders In addition to the unified account mentioned in Clause 29.1 above, each of the Lenders will open and keep in its books a special account equivalent to the one described in Clause 29.1, where the relevant Lender will reflect the amounts owed to the same by Cemex España because of this Agreement, as well as the ones paid to the former by the latter, so that the balance of the mentioned account reflect at any given time the sums owed by Cemex España to the relevant Lender by virtue of this Agreement.
29.3 It is expressly agreed that the balances shown on the accounts referred to in Clauses 29.1 (Facility Agent’s account) and/or 29.2 (Account of each of the Lenders), duly certified by the Agent or by the relevant Lender, shall be admissible as evidence in legal proceedings, in the absence of error, in accordance with that expressly agreed in Clause 30 (Calculations and Certificates).
Facility Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Agent shall maintain a control account (being, in the case of any Mortgage which is in statutory form, the “Account Current” referred to in such Mortgage) showing the Term Advances, the Revolving Advances and other sums owing by the Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower under the Security Documents.
Facility Account. The Company shall open and maintain on its books a facility account in Disney's name and showing the making of Advances, the accrual of interest, the recovery of Advances and accrued interest, and other amounts due and sums paid hereunder. Such facility account shall be prima facie evidence as to the amounts at any time due hereunder, absent manifest error.
Facility Account. The obligation of the Company to repay the Revolving Loans and to pay interest thereon as herein provided shall be evidenced by an account or accounts maintained by the Bank on its books (collectively, the "Facility Account"). The Company hereby authorizes the Bank to record in the Facility Account:
(i) The principal amount and the date of each Revolving Loan;
(ii) The interest rates applicable to each Revolving Loan and the effective dates of all changes in such rates;
(iii) The date and amount of each payment of principal, interest or other expenses made by or on behalf of the Company with respect to each Revolving Loan; and
(iv) Such other matters as the Bank shall deem necessary or desirable for the computation of amounts The Company agrees that all notations made by the Bank in the Facility Account shall constitute prima facie evidence of the matters noted.
Facility Account. The obligation of the Company to repay the Revolving Loans and to pay interest thereon as herein provided shall be evidenced by an account or accounts maintained by the Bank on its books (collectively, the "Facility Account"). The Company hereby authorizes the Bank to record in the Facility Account: (a) The principal amount and the date of each Revolving Loan
Facility Account. The obligation of the Company to repay the Revolving Loans and to reimburse the Bank for all amounts drawn under Letters of Credit (together with appropriate fees, commissions, interest and other expenses with regard to all of the foregoing) shall be evidenced by an account or accounts maintained by the Bank on its books (collectively, the "Facility Account"). The Company hereby authorizes the Bank to record in the Facility Account (i) the principal amount and the date of each Revolving Loan, (ii) the interest rates applicable to each Revolving Loan and the effective dates of all changes in such rates, (iii) the date of issue, the date of expiration and the face amount of, and all fees and commissions payable with respect to, each Letter of Credit, (iv) the date of payment and the face amount of,-and all fees and commissions payable with respect to, each sight draft presented to and paid by the Bank which is drawn under a Letter of Credit, (v) the date of creation, the date of maturity and the face amount of, and all fees and commissions payable with respect to, each usance draft presented to and accepted by the Bank which is drawn under a Commercial L/C, (vi) the date of incurrence, the date of maturity and the face amount of, and all fees and commissions payable with respect to, each deferred payment obligation incurred by the Bank under a Letter of Credit which provides for deferred payment, (vii) the date and amount of each payment of principal, interest, reimbursement obligations, fees, commissions or other expenses made by or on behalf of the Company with respect to any of the Facilities, and (viii) such other matters as the Bank shall deem necessary or desirable for the computation of amounts required to be paid by the Company under this Agreement or the other Facility Documents. The Company agrees that all notations made by the Bank in the Facility Account shall constitute prima facie evidence of the matters noted.
