Project Dominion Account definition

Project Dominion Account means that certain account owned and maintained by the Borrower with the Agent formed by and subject to the terms of this Agreement into which all Project Revenues shall be deposited, together with any replacement or supplemental accounts related thereto.
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Examples of Project Dominion Account in a sentence

  • After Agent receives the Notice of Exclusive Control, it will immediately cease complying with any investment instructions concerning Project Dominion Account originated by Borrower or its representatives and shall comply with only such investment instructions as are originated by Lakes.

  • The Agent shall deposit into the Project Dominion Account, as received, each and every payment of Project Revenues or proceeds thereof delivered to the Agent in accordance with Section 2.2 hereof.

  • Lakes acknowledges that when it shall release any funds from the Project Dominion Account, then its security interest in such funds shall also be deemed to have been released concurrently therewith.

  • All interest accruing with respect to amounts now or hereafter on deposit with respect to the Project Dominion Account shall be deposited into the Project Dominion Account and become part of the proceeds of the Collateral and distributed as part of such proceeds.

  • The Borrower agrees that the Agent's officers, agents and employees are irrevocably authorized by it to endorse for payment to the Agent any instruments received by the Agent for deposit into the Project Dominion Account.

  • A photocopy or other reproduction of this Agreement or any financing statement covering the Project Dominion Account and Project Revenues or any part thereof shall be sufficient as a financing statement where permitted by law.

  • In the event of any inconsistency between this Agreement and any depository agreement of Agent now or hereafter existing with respect to the Project Dominion Account, the terms of this Agreement shall control.

  • The Borrower hereby authorizes the Agent, with the prior written consent of Lakes, or Lakes to file this Agreement (if the Borrower shall fail to provide an appropriate financing statement within ten (10) business days after request) or one or more continuation statements in respect thereof, relating to all or any part of the Project Dominion Account or the Project Revenues without the additional signature or consent of the Borrower where permitted by law.

  • Agent covenants and agrees that it will comply with all instructions, requests or other directions originated by Lakes concerning the Project Dominion Account at any time without further consent by Borrower.

  • If Borrower shall fail to pay any of such costs when due, Lakes may make a withdrawal of proceeds from the Project Dominion Account in an amount sufficient to cause the payment of the same or reimburse Lakes for any such payment.

Related to Project Dominion Account

  • Dominion Account means a special account established by a Borrower at Bank of America or another bank acceptable to the Administrative Agent, over which the Administrative Agent has exclusive control for withdrawal purposes.

  • 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.

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

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

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

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • 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.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

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

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Collection Accounts As defined in Section 3.10(a).

  • Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

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

  • Client Account means any account opened by the Client at the Company including Transitory Accounts, trading accounts, partner accounts, Manager's accounts, Investor's accounts and other account types.

  • Security Deposit Account has the meaning given in Section 5.1.

  • 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.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • 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.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Facility Account means the Seller’s Account No. 55-66681 at Bank One.