Production Account definition
Production Account means any demand deposit account established by the Issuer or any Guarantor at a commercial bank for the sole purpose of paying the production costs of a particular item of Product (or, in connection with any Permitted Slate Financing, the audio visual works (including motion pictures) to which such Permitted Slate Financing relates) in the ordinary course of business.
Production Account means the account opened by FFA Production in accordance with the PSA. The Production Account is subject to the conditions of the Escrow Deed.
Production Account means individually or collectively, as the context so requires, each demand deposit account established by a Credit Party at a commercial bank acceptable to the Administrative Agent located in the United States of America or any other jurisdiction acceptable to the Administrative Agent, for the sole purpose of paying the Negative Cost of a particular Picture.
Examples of Production Account in a sentence
Written confirmation by ▇▇▇▇▇▇ that the Loan, along with funds already spent and the proceeds deposited into the Production Account by other financiers equals or exceeds the total amount needed to complete and deliver the Picture per the Picture’s final budget, as approved by ▇▇▇▇▇▇.
For avoidance of doubt, Lender will fund the Loan only after all sources of funding have been deposited into the Production Account.
More Definitions of Production Account
Production Account means a separate bank account in the joint names of ▇▇ ▇▇▇▇ and the Producer established under a Mandate;
Production Account means a Customer’s account that can be used for active production.
Production Account the production account for the Programme opened by the Producer at the branch of the Bank named in the Commissioning Specification;
Production Account shall have the meaning given to such term in the definition of “Excluded Assets”.
Production Account means any demand deposit account established by a Credit Party at a commercial bank for the sole purpose of paying the production costs of a particular item of Product in the ordinary course of business.
Production Account means, individually and collectively, as the context so requires, a demand deposit account established by a Credit Party at a commercial bank located in (i) the United States of America and subject to a deposit account control agreement in form and substance satisfactory to the Administrative Agent, (ii) the United Kingdom or Canada, in each case so long as, if requested by the Administrative Agent, appropriate local law security documents in form and substance satisfactory to the Administrative Agent are delivered to the Administrative Agent or (iii) any other jurisdiction acceptable to the Senior Facility Agent, for the sole purpose of paying the negative cost of a particular Item of Product.
Production Account means the production account specified in the Finance Schedule; Production Assets means any equipment, goods, materials, software and other tangible assets (other than the Production) bought, hired or leased for the Production and paid for from the Budgeted Cost; Production Schedule means the schedule so specified in the Production Particulars Schedule; Provisional Certificate means a provisional certificate under the Producer Offset; QAPE means qualifying Australian production expenditure under Division 376 of the ITAA; Records means records, invoices, timesheets, bank statements, financial statements, agreements and other documents relating to the production, finance and marketing of the Production whether in hard copy, electronic form or any other form; Regional Spend as defined in the Regional Filming Fund Guidelines on the Screen NSW website as at the time of application. Script means the concept document, proposal, treatment, script outline and script (including all drafts, versions and revisions) for the Production written by the Writer (or any other contributor) in the form approved by Screen NSW, and includes any research materials created by the Writer for writing the Script; Study Guide Deliverables means the study guide deliverables specified in Deliverables Schedule; Study Guide Provider means a reputable and recognised provider of study guides and educational teaching materials; Underlying Work means any underlying work or subject matter (including any revisions) for the Production, other than the Script, and includes the material specified as such in the Production Particulars Schedule; Underage means any part of the Budgeted Cost not spent on production of the Production and includes any sum treated or applied as Underage under this Agreement; Writer means the person or persons specified as the writer in the Production Particulars Schedule or as approved by Screen NSW. EXECUTED AS AN AGREEMENT