Local Account definition

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

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

• To approve the Council’s Local Account for Adult Social Care, and any related annual reports to the local community on performance.

• 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.

• Adult Social Care also produces an Annual Report referred to as the Local Account.

• The Local Government agrees that any amounts disbursed to it or for its account from the Local Account will be (i) immediately applied to reimburse the Local Government for Project Costs it has already paid or (ii) actually spent to pay Project Costs not later than five banking days after receipt.

• On the Closing Date, VRA shall cause the Trustee to deposit the Purchase Price into the Local Account and to apply the Purchase Price and the earnings thereon as set forth in the Related Supplemental Series Indenture, this Agreement and the Local Tax Document.

More Definitions of Local Account

Local Account. Is defined in Section 8.3.

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

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

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 means any bank account other than an Account that a Borrower is permitted to open in connection with any Acceptable Charter or Alternative Charter in accordance with Clause 26.16 and Schedule 35.

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