Counterpart Funds Account definition

Counterpart Funds Account means the Counterpart Funds Account A referred to in Section IV.B.1 of Schedule 2 to this Agreement.
Sample 1
Counterpart Funds Account means the account to be opened and maintained by the Recipient in accordance with the provisions of Section I.D.5 of Schedule 2 to this Agreement.
Sample 1Sample 2
Counterpart Funds Account means the account referred to in Section 3.02 of this Agreement;
Sample 1

Examples of Counterpart Funds Account in a sentence

  • The Recipient shall ensure that all amounts deposited in the Project Counterpart Funds Account shall be used exclusively to pay for Eligible Expenditures.

  • Bank accounts were set up for USESDP 1 with clear check signatories, for the Advance Account and Counterpart Funds Account.

  • These funds will finance all components and will be managed through two (2) bank accounts to be opened and maintained by PCU in a commercial bank acceptable to IDA as follow: (i) a Designated Account in CFAF to receive IDA advances, and to pay for project expenditures eligible for IDA financing; (ii) a Project Counterpart Funds Account in CFAF to receive counterpart deposits and replenishments, and to record payments eligible for RoC resources.

  • If the Association determines, as a result of a financial report, audit or other information referenced in Section II.B of this Schedule 2 or Section 4.09 of the General Conditions, that an amount withdrawn from the Counterpart Funds Account A was used to make a payment for an expenditure other than a Program Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount of the Financing equivalent to the amount of such payment to the Association.

  • The audited Financial Statements for each such period, and the auditor’s report on the audit of the Financial Statements, the Counterpart Funds Account, the O&M Accounts, and the implementation of the Compensation Plan, shall be furnished to the Association not later than six months after the end of such period.

  • This contribution will represent 8 percent of the activities:o 1.2.2 (desilting of heavily sedimented reservoirs),o 2.1.1 (the implementation of the resettlement action plans for the project) ando 40 percent contribution to component 4. The first amount to be deposited into the Counterpart Funds Account, will be not later than six (6) months after the Effective Date for an amount equivalent to two million five hundred thousand Dollars (US$2,500,000).

  • These accounts are called designated accounts.5 For RGC counterpart funds, the bank accounts are called Project Bank Accounts or Counterpart Funds Account.

  • The agreed allocation of Government funds for each year will be deposited into the Counterpart Funds Account in the following manner: (i) 25% of the total by the end of February; (i) 25% of the total by the end of April; (i) 25% of the total by the end of June; and (i) 25% of the total by the end of August.

  • In line with the requirements of ERRL I, these funds were credited into the Treasury Counterpart Funds Account no.

  • All amounts withdrawn from the Counterpart Funds Account A shall be used exclusively for the activities described under the Project or otherwise for the implementation of the Program and not for any military expenditure (collectively, the “Program Expenditures”).


More Definitions of Counterpart Funds Account

Counterpart Funds Account means the account referred to in Section
Sample 1

Related to Counterpart Funds Account

  • Counterpart Funds means the local currency generated from the Loan proceeds under the Program and referred to in paragraph 4 of Schedule 4 to this Loan Agreement;

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Agent’s Account means the Deposit Account of Agent identified on Schedule A-1.