Participant Disbursement Accounts definition

Participant Disbursement Accounts means, for each Series of Bonds, the account of the Program Fund so designated which is established and created pursuant to Sections 502 and 503 of the General Trust Indenture.
Sample 1Sample 2Sample 3
Participant Disbursement Accounts means the accounts of the Program Fund so designated which is established and created pursuant to Sections 502 and 503 of the General Trust Indenture.
Sample 1Sample 2Sample 3

Examples of Participant Disbursement Accounts in a sentence

  • The Program Administrator will hold Closings with respect to Financing Agreements; and the Program Administrator will approve disbursements from Participant Disbursement Accounts if, and only if, the applicable conditions to such disbursements set forth in the Financing Agreements and the General Trust Indenture have been fulfilled.

  • The Trustee will keep and maintain complete and detailed records with respect to each Participant Disbursement Account, which will include a separate statement with respect to funds and moneys in Participant Disbursement Accounts.

  • In addition to the foregoing, the Program Administrator will also hold Closings with respect to the Financing Agreements and will approve any disbursements from Participant Disbursement Accounts if, and only if, the applicable conditions to such disbursements set forth in the Financing Agreements and the General Trust Indenture have been fulfilled.

Related to Participant Disbursement Accounts

  • Investment Account As defined in Section 3.12(a).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

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

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;