Project Accounts. Loan proceeds (as and when disbursed by DEQ to the Borrower) shall be deposited in a Project account(s). The Borrower shall maintain Project account(s) as segregated account(s). Funds in the Project account(s) shall only be used to pay for Project costs, and all earnings on the Project account(s) shall be credited to the account(s).
Appears in 7 contracts
Samples: Clean Water State Revolving Fund Loan Agreement, Loan Agreement, Clean Water State Revolving Fund Loan Agreement
