Project Account Agreement definition

Project Account Agreement means the Project Account Agreement, to be executed and delivered in form and substance satisfactory to the Senior Lenders on or prior to the Closing Date, among the Borrower, the Senior Lenders and the Account Bank, which regulates (a) the opening, operation and maintenance of the Accounts and the use of the funds deposited therein; and (b) certain aspects of the operation of the Borrower Accounts.
Sample 1
Project Account Agreement means a project account agreement in the form set out in section 11;
Sample 1Sample 2
Project Account Agreement shall have the meaning set forth in Article 11.1.2;
Sample 1

Examples of Project Account Agreement in a sentence

  • At any time that an Event of Default shall have occurred and be continuing, upon notification by the Senior Lenders to the Account Bank of the existence of such Event of Default, the Account Bank shall make (or cause to be made) transfers from the collected credit balance of the Debt Service Reserve Account pursuant to the Project Account Agreement as are required by the Senior Lenders.

  • Terms for which meanings are provided in the Project Account Agreement are, unless otherwise defined in this certificate, used in this certificate with such meanings.

  • The Project Account shall be operated and maintained till the date of termination and thereafter, the Company/Consortium shall be entitled to discontinue the same and terminate the Project Account Agreement.

  • At any time that an Event of Default shall have occurred and be continuing, the Senior Lenders may notify the Account Bank of the existence of such Event of Default and, upon receipt of such notification by the Senior Lenders, the Account Bank shall make (or cause to be made) transfers from the Operating Account as directed by the Senior Lenders, pursuant to the Project Account Agreement.

  • Any such instruction from the Borrower to the relevant Project Account Bank shall be subject to the provisions of Clause 5(a)(iii) of the Project Account Agreement (Offshore) and Clause 5(a)(ii) of the Project Account Agreement (Mali), as may be relevant.

  • At any time that an Event of Default shall have occurred and be continuing, upon notification by the Senior Lenders to the Account Bank of the existence of such Event of Default, the Account Bank shall make (or cause to be made) such transfers from the Cash Sweep Account pursuant to the Project Account Agreement as are required by the Senior Lenders.

  • The aggregate cash balance of the Accounts shall be invested in accordance with Sections 5 and 6 of the Project Account Agreement.

  • Any such instruction from the Borrower to the relevant Project Account Bank shall be subject to the provisions of Clause 5.1(c) of the Project Account Agreement (Offshore) and Clause 5.1(b) of the Project Account Agreement (Mali), as may be relevant.

  • The Borrower irrevocably agrees to deposit into and remit funds from the Accounts in accordance with this Agreement, the Project Account Agreement and the other Financing Documents.

  • The Borrower covenants to transfer (subject to the order of priority of payments with the Proceeds Account set out in Clause 3.2 of the Project Account Agreement) an amount equal to the Ineligible VAT Loan from the Proceeds Account to the VAT Account within four Business Days of becoming aware of such Ineligible VAT.


More Definitions of Project Account Agreement

Project Account Agreement shall have the meaning set forth in Article 22;
Sample 1

Related to Project Account Agreement

  • Account Agreement means the agreements for the operation of the Account.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

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

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Lock-Box Agreement With respect to any Mortgage Loan or Serviced Loan Combination, the lock-box or other similar agreement, if any, between the related originator(s) and the Mortgagor, pursuant to which the related Lock-Box Account, if any, may have been established.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).