Distribution Suspense Account definition

Distribution Suspense Account has the meaning given in Section 1.1 of the Depositary Agreement.
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Distribution Suspense Account means the account designated by that name established by the Company with Depositary pursuant to Section 2.1.
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Distribution Suspense Account shall have the meaning assigned to such term in the Depositary Agreement.
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Examples of Distribution Suspense Account in a sentence

  • The Company shall promptly pay all O&M Costs in excess of the foregoing limit from the Distribution Suspense Account.

  • All amounts released and transferred from the Distribution Suspense Account shall be deemed to be released and transferred in the same order as deposited in the Distribution Suspense Account.

  • Amounts shall be deposited in the Distribution Suspense Account from the Revenue Account as provided in Waterfall Level (8) of Section 3.3.2(c).

  • On the first Business Day of each January, April, July and October, commencing on or after the Project Completion Date, to the Distribution Suspense Account, all remaining monies then on deposit in the Project Revenue Account.

  • Until the Distribution Conditions have been satisfied pursuant to Waterfall Level (12), Lender shall direct Depositary to withdraw amounts from the Distribution Suspense Account to pay all fees, charges, costs and other amounts specified in Waterfall Level (1) through Waterfall Level (11), as applicable, in such order, to the extent that amounts in the Revenue Account are insufficient therefor.


More Definitions of Distribution Suspense Account

Distribution Suspense Account means the Distribution Suspense Account so designated, established and created by the Depositary Agent pursuant to the Depositary Agreement.
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Distribution Suspense Account as defined in the Depositary Agreement.
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Distribution Suspense Account means, subject to any Permitted Account Transfer, an account in the name of Borrower or Project Company and established with a Depositary Bank that is designated by Borrower to be the “Distribution Suspense Account”.
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Distribution Suspense Account means an account in the name of Borrower and established with a Depositary Bank that is designated by Borrower to be the “Distribution Suspense Account”.
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Distribution Suspense Account shall have the meaning set forth in Section 2.3(e) hereof.
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Distribution Suspense Account. The Project Account created under clause (xi) of Section A.1(a) of Appendix A to the Common Agreement.
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Distribution Suspense Account means the Collateral Account of such name established pursuant to Section 2.2(i).
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