Project Operating Account definition

Project Operating Account has the meaning set forth in Section 11.1.
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Project Operating Account means the account to be established and maintained by the Agency in the name of “Norwalk Redevelopment Agency – Project Operating Account f/b/o Xxxxxxx X. Xxxxxxxx Properties” at Bank of America, N.A. for the holding and disbursement of the Deposit in accordance with the terms of Section 2.1 hereof, as it may be renamed or transferred to another depository by agreement of the Redeveloper, the Finance Director and the Agency’s Authorized Representative from time to time.
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Project Operating Account has the meaning set forth in Section 11.1. "Publication" means any report, article, educational material, handbook, xxxxxxxx, pamphlet, press release, public service announcement, webpage, audio or visual material or other communication for public dissemination, which relates to all or any portion of the Project or is paid for in whole or in part using the Funding Amount.
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Examples of Project Operating Account in a sentence

  • Withdrawals from the Project Operating Account may be made only in accordance with the provisions of this Agreement and the approved Annual Operating Budget, as it may be revised from time to time with the OCII’s approval.

  • The Designated Account Statement will be prepared by the Forex Reserve and Treasury Management Department (FRTMD) of Bangladesh Bank and Project Operating Account Statement and the Revolving Fund Account Statement will be prepared by the Accounts and Budgeting Department of Bangladesh Bank.

  • Borrower may make withdrawals from the Project Operating Account solely for the payment of Project Expenses and Project Fees and payments and distributions of Surplus Cash in accordance with Section 3.5. Withdrawals from the Project Operating Account (including accrued interest) for any other purposes may be made only with the OCII’s express prior written approval.

  • For closing the Designated Account, Project Operating Account and the Revolving Fund Account, all Letter or advices will be signed by the PD.

  • In the holding of the Deposit and its maintenance of the Project Operating Account, the Agency shall have and exercise the obligations of a fiduciary to the Redeveloper and shall hold in trust any and all monies deposited with it, to be used only in the manner and for the purposes set forth in this Agreement.

  • Further, we must link data collected from these dis- parate points into a uniform schema, duplicating much of the browser’s own internal logic in parsing traffic.A large-scale view of web tracking and privacy.In this paper we report results from a January 2016 mea- surement of the top 1 million sites (Section 4).

  • Xxxxxxxx Properties, dated April 18, 2007 (the “Deposit Letter”, and said amount, together with any additional amounts deposited by Redeveloper into the Project Operating Account pursuant to the terms hereof and all interest earned thereon from time to time and subject to any prior disbursements thereof pursuant to the terms of the Deposit Letter, collectively, the “Deposit”).

  • Agister shall have, and Owner hereby grants to Agister, a lien and security interest in Owner’s undivided interest of the Herd for all unpaid charges that this Agreement obligates Owner to pay.

  • The Designated Account, Project Operating Account, so maintained for the fund management will be closed as per rules with the approval of competent authority at the end of the Project.

  • Such initial quarterly budget shall show the balance on deposit in the Project Operating Account, the projected expenditures for the coming quarter in reasonable detail by separate line items, and the projected amount, if any, of additional funding which will be required to permit the Agency to pay such expenditures.


More Definitions of Project Operating Account

Project Operating Account means account no. [Redacted: Confidential Information] maintained by the Borrower at the Agent’s branch located at First Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxx or such other bank account designated in writing by the Agent and the Borrower as the operating account for the Project.
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Project Operating Account means each of the Accounts so designated in Schedule 7 (Accounts) and any other account:
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Related to Project Operating Account

  • 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.

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

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

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

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

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

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

  • 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);

  • 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 Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

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

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • 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);

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

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

  • Management Accounts Date means 31 October 2023;

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • 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.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;