Project Revenue Account definition

Project Revenue Account means the account established by or on behalf of the Seller pursuant to the definitive documents entered into in respect of the Financing into which Seller’s share of all revenues deposited into the Project is to be deposited.

Project Revenue Account has the meaning specified in the Common Security Agreement.

Project Revenue Account means the account opened at the Agent in the name of the Borrower and maintained at the sole expense of the Borrower, subject to the Security in favour of the Agent (including the Blocked Accounts Agreement) and into which, inter alia, shall be deposited the proceeds of all Loans and which account shall operate pursuant to, and in accordance with, this Agreement.

Examples of Project Revenue Account in a sentence

• Revenues remaining in the Project Revenue Account at the end of any fiscal year after all periodic transfers have been made therefrom as above required, shall be deemed to be surplus and shall be transferred to the Project Surplus Account.

• Moneys from the Project Revenue Account shall be transferred periodically into separate funds and accounts as provided below.

• Out of the revenues of the Project Revenue Account there shall be set aside each month into the General Depreciation Account an amount determined by the Common Council to be a proper and adequate amount for repair and depreciation of the Project.

• Out of the revenues in the Project Revenue Account, there shall be set aside no later than the 25th day of each month into the account designated Project Debt Service Account, a sum sufficient to provide for the payment as the same become due of the next maturing principal of, interest and Administrative Surcharge on the Revenue Bonds and any reserve determined by the City’s governing body to be necessary.

• There shall be deposited periodically into the Project Revenue Account the net revenues as defined in Section 17 of the Act derived from the operation of the Project collected pursuant to the resolutions and ordinances of the City of Salem, South Dakota (collectively the “Rate Resolution”).

More Definitions of Project Revenue Account

Project Revenue Account. As defined in the Collateral Agency Agreement.

Project Revenue Account. The Project Account created under clause (iv) of Section A.1(a) of Appendix A to the Common Agreement.

Project Revenue Account shall have the meaning as defined in Section 2.7 hereof.

Project Revenue Account means the account of that name established in the Bond Fund pursuant to Section 502 hereof.

Project Revenue Account means a deposit account established by a Project Company Guarantor to receive payments in respect of Revenue Contracts to which such Project Company Guarantor is a party.

Project Revenue Account. The account set forth in Section 3.1 of the Depositary Agreement.

Project Revenue Account has the meaning set forth in Section 2.4.1.