Project Loan Account definition
Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.
Project Loan Account means the project loan account established on behalf of the Borrower in the Project Fund in accordance with the Bond Resolution to finance all or a portion of the Costs of the Project.
Project Loan Account means the Project Loan Account established within the Water Pollution Control Revolving Fund.
Examples of Project Loan Account in a sentence
Amounts shall be transferred into the Project Loan Account and disbursed to the Governmental Agency upon receipt of a “Request for Reimbursement”, as described below, executed by an Authorized Officer, and approved by the Authority and the State Department of Public Health and Environment; provided that the Disbursement of the Loan may be withheld if the Governmental Agency is not complying with any of the covenants and conditions in the Loan Agreement.
The Authority has created in the Water Pollution Control Revolving Fund a Project Loan Account from which 80% of the design and engineering Costs of the Project shall be paid.
More Definitions of Project Loan Account
Project Loan Account means the project loan account established on behalf of the Borrower in the Project Fund in accordance with the Bond Resolution to finance all or a portion of the Cost of the Project.
Project Loan Account means each loan account for a Series of Bonds established by the related Supplemental Indenture.
Project Loan Account means the Subaccount for the benefit of the Borrower within the applicable Series Account, if any, relating to and established on behalf of the Borrower within the Project Fund in accordance with the Bond Indenture to finance or refinance all or a portion of the Costs of the Project.
Project Loan Account means the Project Loan Account established within the Drinking Water Revolving Fund.
Project Loan Account means each account established by Subseries of Series 2025A Bonds issued hereunder for each Series 2025A Participant within the Project Loan Fund pursuant to Section 5.01 hereof.
Project Loan Account means each account established by Subseries of Series 2021A Bonds issued hereunder for each Series 2021A Participant within the Project Loan Fund pursuant to Section 5.01 hereof.
Project Loan Account means each account established by Subseries of Series 2020A Bonds issued hereunder for each Series 2020A Participant within the Project Loan Fund pursuant to Section 5.01 hereof.