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

• The Borrower hereby waives and procure that the Implementing Agency waives any right they may have under applicable law to close any of the Project Accounts, and undertakes to keep each Project Account funded as necessary to maintain them open and operative for the implementation of the Project.

• Failure to justify the use of Advances by the Deadline for Use of Funds The Lender may request that the Borrower repays all amounts in respect of which utilisation has not been duly or sufficiently justified in accordance with Clause 3.4.2(e) (Justification for Use of Advances), together with all other sums standing to the credit of the Project Accounts on the Deadline for Use of Funds.

• The Borrower shall open, maintain and fund the Borrower Project Accounts in accordance with the terms and conditions of this Agreement.

• IF-2022-114751614-APN-SSRFID#MEC Control and audit The Borrower agrees that, during the Drawdown Period, the Project Accounts shall be audited in accordance with the provisions of the IBRD Loan Agreement and the Operational Manual.

• The auditing firm shall verify that all amounts drawn under the Facility and paid into the Project Accounts have been used in accordance with the terms 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: (a) the Revenue Account, (b) the Operating Account, (c) the Restricted Payments Account, (d) the Debt Service Reserve Account and (e) the Insurance, Condemnation Proceeds and Extraordinary Proceeds Account.

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;