Equity Distribution Account definition

Equity Distribution Account has the meaning set forth in Section 1.1 of the Issuer Account Management Agreement.

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Equity Distribution Account. The account set forth in Section 3.1 of the Depositary Agreement.

Equity Distribution Account has the meaning given to such term in the Project Accounts Agreement.

Examples of Equity Distribution Account in a sentence

All Collateral Accounts and the Equity Distribution Account shall be held by the Security Agent as Securities Accounts in accordance with the provisions of Section 4.08 hereof into which monies shall from time to time be deposited, invested and withdrawn pursuant to this Security Agreement.
Notwithstanding anything herein or in any Transaction Document to the contrary, (i) the aggregate amount of moneys transferred to the Issuer Equity Distribution Account for unreimbursed third- party costs prior to the Closing Date may not exceed $7,396,707 and (ii) no funds shall be paid to any Affiliate of the Issuer as a reimbursement for development costs incurred prior to the date of this Indenture except pursuant to this clause and the Development Services Agreement.
All interest and other income from such investments shall be deposited in the applicable Collateral Account (or the Equity Distribution Account) any gain realized from such investments shall be credited to the applicable Collateral Account (or the Equity Distribution Account), and any loss resulting from such investments shall be charged to the applicable Collateral Account (or the Equity Distribution Account).
Neither the Security Agent nor the Manager shall in any way be held liable by reason of any insufficiency of funds in any Collateral Account (or the Equity Distribution Account) resulting from any loss relating to any such investment.
Issuer shall not issue a Distribution Payout Certificate unless, upon transfer of funds from the Equity Distribution Account (other than pursuant to clause (B) of this Section 3.2), each of the statements contained in the Distribution Payout Certificate shall be true and correct.
If at any time sufficient funds are not available in the Collection Account to make payments pursuant to clauses (A), (C), (D) or (E) of Section 3.1, the Secured Party may (or the Issuer shall, at the request of Secured Party) direct the Account Bank in writing to withdraw any funds available in the Equity Distribution Account up to an amount equal to such shortfall.

More Definitions of Equity Distribution Account

Equity Distribution Account has the meaning set forth in the Accounts Agreement.

Equity Distribution Account means account number 247-106792 established with the Account Bank and maintained pursuant to the Account Control Agreement designated “TCW/NGP Blue Mountain HoldCo Equity Distribution Account”, any replacement for such account established with the written consent of Agent and any other accounts in which Investments of funds from such account may be held or registered under the terms of the Account Control Agreement.