Project Trust Account definition

Project Trust Account means the separate Project Trust Account held by Giveall for each Project and Individual Donors under the Barclays Giveall Banking Services platform with Barclays Bank PLC.
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Project Trust Account means a specifically allocated project trust account ("Cuenta Fiduciaria con Asignación Específica") opened by the Project Trustee with itself in its own name in accordance with the Hydro Infrastructure Trust Amendment Agreement to receive exclusively the PPA Assignment Proceeds, and operated pursuant to Schedule 7 (Project Trust Account) and the Hydro Infrastructure Trust Amendment Agreement.
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Project Trust Account means the fund by the name “Border Highway West Operations and Maintenance Fund” established pursuant to Section 3.2, including all subaccounts.
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Examples of Project Trust Account in a sentence

  • The Paying Agent waives any security interest, lien or right to make deductions or setoffs that it may now have or hereafter acquire in or with respect to the Project Trust Account or any financial asset credited thereto or any security entitlement in respect thereof, except that the Paying Agent may set-off funds in the Project Trust Account to pay delinquent compensation and reimbursements that are due to the Paying Agent for its services under this Agreement and undisputed by CRRMA.

  • All cash deposited to the Project Trust Account and any accrued interest in excess of the amounts insured by the FDIC and remaining uninvested under the terms of this Agreement shall be continuously secured by a valid pledge by the Paying Agent of direct obligations of the United States of America or other collateral meeting the requirements of the Public Funds Collateral Act, Chapter 2257, TEX.

  • This Agreement evidences the entire Agreement among the Paying Agent, TxDOT and CRRMA and supersedes any other agreements, whether oral or written, among the Parties regarding the Project Trust Account and funds therein.

  • On a weekly basis, once the donated funds have been cleared, see Clause 4.3 above, Giveall will transfer Cleared Funds into the Project’s designated Project Trust Account.

  • The requirements of this Section 11.1 shall be deemed to have been performed by the Paying Agent by providing TxDOT and CRRMA emailed versions of statements and on-line read only access to the Project Trust Account.

  • CRRMA shall solely bear all risk of loss from investment of the funds in the Project Trust Account, subject to any liability of Paying Agent for investment of funds contrary to CRRMA’s directions.

  • The Stadium Project Trust Account has an operating contribution of approximately $71,000 from the Vikings.

  • Upon receipt from HMRC, Giveall will transfer cleared Gift Aid funds into the Project’s designated Project Trust Account on a monthly basis.

  • On a daily basis, once the cleared funds have been received from the employer, see Clause 5.4 above, Giveall will transfer Cleared Funds into the Project’s designated Project Trust Account.

  • Clarify transitional application for Project Trust Account and Retention Trust Account eligibility criteria We agree that the framework should not apply retrospectively.


More Definitions of Project Trust Account

Project Trust Account means the fund established pursuant to Section 3.2, including all subaccounts.
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Related to Project Trust Account

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

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

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • 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.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

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

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).