Common use of Project Account Clause in Contracts

Project Account. The Finance Authority shall establish and maintain the Project Account as a book account only, on behalf of the Borrower/Grantee, which account shall be kept separate and apart from all other accounts of the Finance Authority.

Appears in 5 contracts

Sources: Water Project Fund Loan/Grant Agreement, Loan/Grant Agreement, Loan/Grant Agreement

Project Account. The Finance Authority shall may establish and maintain the Project Account as a book account only, on behalf of the Borrower/Grantee, which account shall be kept separate and apart from all other accounts of the Finance Authority.

Appears in 1 contract

Sources: Loan/Grant Agreement