Accounts Agreement definition
Examples of Accounts Agreement in a sentence
Upon any receipt thereof, DOE shall, or shall cause the Collateral Agent to, deposit the proceeds of any such Restricted Payment into the Revenue Account to be applied in accordance with the Accounts Agreement.
Notwithstanding anything to the contrary herein, it is acknowledged and agreed that, in connection with the Collateral Agent’s execution and delivery of this Agreement and the performance of its duties and exercise of its rights hereunder, the Collateral Agent will be entitled to all of the rights, protections, immunities and indemnities set forth in the Accounts Agreement (in addition to those granted to it under this Agreement and any other Financing Document).
Receipt by DOE of evidence that each Project Account and the Distribution Account, to the extent required, shall have been established in accordance with the provisions of the Accounts Agreement and, if applicable, funded to the extent of any amounts required to have been deposited prior to the First Advance Date in accordance with the Financing Documents.
All Reserve Accounts shall have been funded in full to the then-applicable funding requirement as of the date of such Advance pursuant to the Accounts Agreement.
DOE will be entitled to all of the rights, protections, immunities and indemnities set forth in the Loan Agreement or the Accounts Agreement with respect to DOE as if specifically set forth herein.