Project Account definition

Project Account means the account referred to in Section 3.03 of this Agreement;

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

Project Account means the Project Account of the Project Loan Fund established by the Fiscal Agent pursuant to Section 2.11 hereof.

Examples of Project Account in a sentence

• All Remainder Taxes for each CFD will be deposited in the applicable Remainder Taxes Project Account on the day following the Principal Payment Date.

• The Indenture for each issue of First Tranche CFD Bonds will provide that earnings on any reserve fund that are not then needed to replenish the reserve fund to the reserve requirement will be transferred to: (i) the CFD Bonds Project Account for allowed uses until it is closed in accordance with the Indenture; then (ii) the debt service fund held by the Fiscal Agent under the Indenture.

• Security will be in the form of perfected security interests in the Project Accounts superior to any other security interests, evidenced by a UCC-1 financing statement and a control agreement with each financial institution holding a Project Account, or by other arrangements Approved by both Developer and the Agency.

• The remainder will be deposited into the CFD Bonds Project Account as designated in the Indenture and must be used only to pay for Qualified Project Costs and, when authorized pursuant to Section 2.8, Additional Community Facilities.

More Definitions of Project Account

Project Account means the book account, if any, established by the Finance Authority in the name of the Borrower/Grantee for purposes of tracking expenditure of the Loan/Grant Amount by the Borrower/Grantee to pay for the costs of the Project, as shown in the Term Sheet, which account shall be kept separate and apart from all other accounts of the Finance Authority.

Project Account means the account referred to in Paragraph 5 of Schedule 4 to this Agreement;

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

Project Account means the account to be opened by the Borrower in accordance with the provisions of Section 6.01 of this Agreement for purposes of making available its counterpart contribution to the financing of the Project;

Project Account means the account referred to in Section 6.01 of this Agreement, maintained by the Borrower in local currency and to be used for financing the Borrower’s contribution to Project expenditures;

Project Account means the project account used for the Borrower’s counterpart financing for the Project, referred to in Section 3.03 of this Agreement.

Project Account means the Project Account established in Section 213 hereof.