Examples of Proceeds Accounts in a sentence
Schedule C to the OCP establishes a Growth Management Boundary for development within the District, a minor adjustment is needed to the Boundary in order to include a 3-hectare parcel at the north east corner of the proposed amendment.
Any unused amounts on deposit in the Proceeds Accounts may be invested by the Seller, from time to time, in money market investments.
The names and addresses of the Lockbox Bank, together with the account numbers of the Lockbox Account, the Collection Account, the Equipment Replacement Reserve Account, the Borrower’s Account, the Loan Proceeds Accounts, the Takeout Transaction Account and the Liquidity Reserve Account are specified on Schedule II attached hereto, as updated pursuant to Section 5.1(Q).
Until such time as the amounts required to be deposited into the Proceeds Accounts pursuant to the terms of this Section 5.15 have been used in their entirety, the Seller shall certify to the Indenture Trustee on a monthly basis with respect to its use of such amounts for the prior calendar month and since the Closing Date, including the amount used to finance each Qualifying Model and any such amount remaining unused in the Proceeds Accounts.
For the avoidance of doubt, the Proceeds Accounts are not required to be established or maintained with the Indenture Trustee.