Local Account definition

Local Account has the meaning provided in Section 3.1(c)(i).

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Local Account means any local bank account (other than the Project Accounts) in the name of any Borrower.

Local Account means the local account established for the Local Bond within the 2016A Acquisition Fund.

Examples of Local Account in a sentence

• The undersigned Local Representative hereby requests payment of the following amounts to the Local Government from the Local Account established for the Local Government in the 2025B Acquisition Fund established under the Related Supplemental Series Indenture.

• Notwithstanding anything in this Agreement to the contrary, VRA may direct the Trustee to pay from the Local Account any reasonably calculated rebate amount and/or yield reduction liability to be paid with respect to the Related Portion of VRA Bonds, as calculated by a rebate calculation service selected by VRA.

• Following VRA's approval of each such requisition and accompanying invoice(s) and certificate(s), which approval will not unreasonably be withheld, the Trustee shall pay the requisition from the Local Account directly to the Local Government in accordance with the instructions in such requisition.

• Except as provided in Section 4.2(c), the Local Government shall apply the amounts in the Local Account solely and exclusively to the payment or reimbursement of the Local Government for the Project Costs.

More Definitions of Local Account

Local Account. Is defined in Section 8.3.

Local Account has the meaning set forth in Section 3 of the Cash ------------- Management Procedures.

Local Account has the meaning provided in Section 5.1(c)(i).

Local Account means a deposit account established and maintained by a financial institution in the name of an Originator into which account Obligor payments with respect to Receivables as well as payments on cash sales generated by such Originator are deposited. Each Local Account shall be identified on Schedule II hereto, as amended from time to time with the consent of the Administrative Agent.

Local Account has the meaning set forth in Section 2.6(a).

Local Account means an account into which cash from restaurants of the Borrower and its Subsidiaries is initially deposited, and "Local Accounts" shall mean all such accounts collectively.

Local Account. A local depository account subject to a Blocked Account Agreement.