Project O&M Account definition

Project O&M Account means the Account of Subfund 1 of the Transportation Enterprise Special Fund created pursuant to and designated as such in Section 3.01 of the Master Indenture.
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Project O&M Account means the account of that name within Subfund 1.
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Project O&M Account has the meaning provided in the Indenture.
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Examples of Project O&M Account in a sentence

  • The Borrower shall timely request a loan from CDOT pursuant to and subject to the terms and conditions of the CDOT – HPTE IAA for Project O&M Expenses for any month in any Borrower Fiscal Year if the projected Project O&M Expenses for such month are anticipated to exceed the aggregate funds available in the Project O&M Account and the Project O&M Reserve Account.

  • The Project O&M Account shall be held and administered by the Trustee in accordance with this Master Indenture.

  • There shall be deposited into the Project O&M Account on each Transfer Date from the Pledged Revenues Account pursuant to Section 3.02(c) hereof an amount which equals one-sixth of the amount budgeted to pay Project O&M Expenses during the next six months.

  • The Project O&M Account and such Subaccounts shall be held and administered by the Trustee in accordance with this Master Indenture and, in the case of the Existing I-25 Express Lanes Excess Revenue Subaccount of the Project O&M Account, the I-25 Excess Revenues IGA.

  • The Project O&M Account shall be held and administered by the Security Trustee in accordance with this Agreement and shall form part of the Collateral.

  • The Borrower shall request a loan from CDOT pursuant to and subject to the terms and conditions of the CDOT O&M Loan Agreement for Project O&M Expenses if the projected Project O&M Expenses are anticipated to exceed the projected balance in the Existing I-25 Express Lanes Excess Revenue Subaccount of the Project O&M Account by 5%.

  • The Trustee shall be entitled to the Trustee Fees and Expenses as Project O&M Expenses payable from the Project O&M Account and as provided in Section 5.02(e) hereof following an Indenture Event of Default, subject to the compensation agreement between the Trustee and the Transportation Enterprise, which, notwithstanding any other provision hereof, may be amended at any time by agreement of the Transportation Enterprise and the Trustee without the consent of or notice to any other Secured Party.

  • There shall be deposited into the Pledged Revenues Subaccount of the Project O&M Account: (A) moneys transferred to the Pledged Revenues Subaccount of the Project O&M Account from the Pledged Revenues Account pursuant to Section 3.03(c) hereof; and (B) any other moneys received by the Trustee that are accompanied by written directions that such moneys are to be deposited into the Pledged Revenues Subaccount of the Project O&M Account.

  • The Pledged Revenues Subaccount of the Project O&M Account and the Existing I-25 Express Lanes Excess Revenue Subaccount of the Project O&M Account are hereby created as subaccounts within the Project O&M Account.

  • O&M Account‖ means the subaccount of the Project O&M Account created pursuant to and designated as such in Section 3.01 of the Master Indenture.

Related to Project O&M Account

  • Project Account means the account referred to in Section 3.03 of this Agreement;

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

  • 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 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.

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

  • Joint Account means an Account opened in more than one name;

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

  • Separate Accounts means the accounts which are to be prepared for each

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Direct Account : means any Account which is not an ISA Account.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • 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.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.