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 shall not commingle the Project Trust Account with any other accounts or with any other proceeds or funds.

  • 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.

  • 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.

  • 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.

  • TxDOT or the CRRMA, at the auditing party’s expense, may audit the Project Trust Account at any time.


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.

  • 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 Funds means, in the aggregate, all of the Funds and Accounts.

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

  • 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.

  • Disbursement Account means one or more accounts maintained by and in the name of Tultex or any other Borrower with a Disbursing Bank for the purposes of disbursing Revolving Credit Loan proceeds and amounts deposited thereto.