Project Accounts definition

Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

Project Accounts has the meaning given to such term in the Accounts Agreement.

Project Accounts means any or all of each Debt Service Reserve Account, the XX Xxxx Collateral Account, the Offshore Proceeds Accounts, the Onshore Working Capital Accounts and the Insurance Proceeds Accounts, in each case, as established pursuant to clause 20 (Bank Accounts and Cash Management) of this Agreement and any account established further to clause 10.3 (Aggregate outstandings exceed the Borrowing Base Amount) of this Agreement, with such accounts being secured in favour of the Secured Parties.

Examples of Project Accounts in a sentence

• As of the date of this Agreement, the only Deposit Accounts or Securities Accounts maintained by each Grantor are the Project Accounts, the Company Accounts and the accounts listed in Schedule 3.02(i) (Deposit Accounts) hereto.

• As between each Grantor on one hand and DOE on the other hand, each of the Grantors agrees that DOE shall have a right to give instructions to the Collateral Agent to cause the Depositary Bank to make withdrawals, transfers and payments from the Project Accounts.

• Except as may be permitted by the Loan Agreement and the Accounts Agreement, each Grantor shall not establish any other Deposit Accounts or Securities Accounts which are not made Project Accounts subject to the provisions of the Accounts Agreement except for Deposit Accounts specially and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of each Grantor’s salaried employees.

• Except as set forth in Schedule 3.02(i) (Deposit Accounts), no Grantor has any Deposit Accounts other than (i) those established pursuant to Article II (Project Accounts; Distributions) of the Accounts Agreement and (ii) the Company Accounts, all of which shall be maintained by the Depositary Bank or the Account Bank, respectively, as described in the Accounts Agreement.

• The Depositary Bank or its sub-agents shall maintain the Project Accounts during the term of this Agreement and shall treat the cash, instruments and securities in the Project Accounts as monies, instruments and securities pledged by the Borrower to the Collateral Agent for the benefit of the Secured Parties to be held in the custody of the Depositary Bank, as agent for the Collateral Agent (on behalf of the Secured Parties), in accordance with the provisions of this Agreement.

More Definitions of Project Accounts

Project Accounts means accounts referred to in and required to be established under the Senior Financing Agreements;

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

Project Accounts means Project Account A and B;

Project Accounts means the trust accounts established pursuant to the Construction Funds Trust Agreement to hold amounts remitted to the Construction Funds Trust in respect of the Authority Contribution Amount, the PSL Contribution Amount, and the StadCo Contribution Amount.

Project Accounts means: (i) account number 545454 at Bank Hapoalim, Migdal Haemek Branch, No. 728, in the name of Tower; and (ii) account number 13030062 at Bank Leumi, Haifa Branch, in the name of Tower.

Project Accounts shall have the meaning described in Section 2.8 herein.

Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;