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 means each of the Accounts so designated in Schedule 7 (Accounts) and any other account:
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Examples of Project Operating Account in a sentence

  • 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.

  • 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 funds received at the Designated Account from AIIB shall be transferred by PIU under authorization of MOF to Project Operating Account in Bangladesh Taka from which the disbursement of RL to the PFI shall be made.

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

  • The Deposit shall be held by the Agency in the Project Operating Account, to be disbursed in accordance with the terms hereof.

  • The IUFR also includes (1) Statements of Designated Account, Project Operating Account, and Revolving Fund Account, (2) Sources and Uses of Funds Statement, and (3) Statement of Expenditure (Annex 15).

  • The funds from the Project Operating Account and the Revolving Fund Account will be transferred based on the vouchers signed by the officers of the PIU assigned by the PD and each fund will be transferred with the approval of the PD.

  • The operation of Project Operating Account will be governed by applicable rules and procedures.

  • The Project is required to open and maintain the Designated Account, the Project Operating Account and the Revolving Fund Account with BB.


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 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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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 3.03 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.

  • 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 30 September 2010;

  • 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 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.

  • 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;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.