Project Bank Account definition

Project Bank Account means the bank account used to receive payments from the Scottish Ministers and make payments to the Operating Company and the Named Subcontractor(s).
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Project Bank Account means a bank account opened with the Bank in the joint names of the Account Holders which has no overdraft facility and into which all monies due under the Contract will be paid by the Employer in accordance with this Agreement;
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Project Bank Account means the bank account established as a trust account with a single Bank as more particularly defined in the PBA Trust Deed Poll.
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Examples of Project Bank Account in a sentence

  • Y1.12 If the Contractor issues a termination certificate, no further payment is made into the Project Bank Account for work done by the Subcontractor or Named Suppliers.

  • Y1.4 Until the Project Bank Account is established, payment is made by the Contractor to the Subcontractor.


More Definitions of Project Bank Account

Project Bank Account means the bank account of the Grant Recipient, into which the Consolidated Capital Grant from the SHRA will be paid, as authorised by the SHRA in writing, relating to funding for the Project and payments to creditors;
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Project Bank Account means the bank account opened and managed in relation to payments made under this Contract pursuant to paragraph 4 of Schedule 5 (Payment Provisions);
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Project Bank Account means the bank account referred to in clause 17.3(a).
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Project Bank Account means the bank account provided by the Project Bank Account Provider in the joint names of the Authority, hubco and the Contractor in relation to the Project
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Project Bank Account. As defined in Clause 5.1.
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Project Bank Account means the bank account used to receive payments from the Employer and make payments to the Contractor and the Named Subcontractors;
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Related to Project Bank Account

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

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

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.