Establishment of Project Accounts Clause Samples

Establishment of Project Accounts. (a) On or prior to the Closing Date, the Accounts Bank shall establish and maintain, in the name of the Collateral Agent and on the books and records of the Accounts Bank’s offices located in Amarillo, Texas, the accounts set forth below: (i) a special, segregated, Dollar-denominated account entitled “Construction Account”, Account No. 129542 (the “Construction Account”); (ii) a special, segregated Dollar-denominated account entitled “Liquidated Damages Account”, Account No. 129607 (the “Liquidated Damages Account”); (iii) a special, segregated, Dollar-denominated account entitled “Revenue Account”, Account No. 129615 (the “Revenue Account”); (iv) a special, segregated, Dollar-denominated account entitled “Operating Account”, Account No. 129461 (the “Operating Account”); (v) a special, segregated, Dollar-denominated account entitled “Maintenance Capital Expense Account”, Account No. 129488 (the “Maintenance Capital Expense Account”); (vi) a special, segregated, Dollar-denominated account entitled “Working Capital Reserve Account”, Account No. 128619 (the “Working Capital Reserve Account”); (vii) a special, segregated, Dollar-denominated account entitled “Debt Service Reserve Account”, Account No. 129496 (the “Debt Service Reserve Account”); (viii) a special, segregated, Dollar-denominated account entitled “Prepayment Holding Account”, Account No. 129518 (the “Prepayment Holding Account”); (ix) a special, segregated, Dollar-denominated account entitled “Aberdeen Insurance and Condemnation Proceeds Account”, Account No. 129526 (the “Aberdeen Insurance and Condemnation Proceeds Account”); (x) a special, segregated, Dollar-denominated account entitled “Huron Insurance and Condemnation Proceeds Account”, Account No. 129534 (the “Huron Insurance and Condemnation Proceeds Account”); (xi) a special, segregated, Dollar-denominated account entitled “Extraordinary Proceeds Account”, Account No. 128449 (the “Extraordinary Proceeds Account”); (xii) a special, segregated, Dollar-denominated account entitled “Contingency Reserve Account”, Account No. 128457 (the “Contingency Reserve Account”); (xiii) a special, segregated, Dollar-denominated sub-account of the Construction Account entitled the “Bond Proceeds Sub-Account”, Account No. 128511 (the “Bond Proceeds Sub-Account”); and (xiv) a special, segregated, Dollar-denominated sub-account of the Working Capital Reserve Account entitled the “▇▇ ▇▇▇▇ Collateral Sub-Account”, Account No. 129364 (the “▇▇ ▇▇▇▇ Collateral Sub-A...

Establishment of Project Accounts. The Subrecipient shall maintain Project accounts in accordance with generally accepted government accounting standards and any instructions issued by the County.

Establishment of Project Accounts. The Recipient shall maintain Project accounts in accordance with generally accepted government accounting standards and any instructions of the Corporation.

Establishment of Project Accounts. (a) On or prior to the Closing Date, the Accounts Bank shall establish and maintain, in the name of the Lender and on the books and records of the Accounts Bank at the offices of the Accounts Bank, the accounts listed in Exhibit A. (b) The Lender may direct the Accounts Bank to establish and maintain additional Project Accounts and sub-accounts within the Project Accounts from time to time consistent with the terms of the Credit Agreement and the other Financing Documents; provided, that for so long as no Event of Default has occurred and is continuing, no additional Project Accounts and subaccounts may be established without the Borrower’s prior written consent.

Establishment of Project Accounts. Each of the Project Accounts shall have been established.

Establishment of Project Accounts. The Collateral Agent hereby confirms that it has established with the Depositary Bank at its office at the address listed in Section 7.4, New York, New York, the following special, segregated accounts (the "PROJECT ACCOUNTS"): (i) Construction Account; (ii) Revenue Account; (iii) Operating and Maintenance Account; (iv) Debt Service Reserve Account; (v) DSR LOC Reimbursement Fund; (vi) PPA LOC Reimbursement Fund; (vii) Restoration Account; (viii) Major Maintenance Reserve Account; (ix) Fuel Conversion Payment Volume Rebate Account; (x) Subordinated Debt Account; and

Establishment of Project Accounts. 12 SECTION 3.2 INVESTMENT OF FUNDS IN THE PROJECT ACCOUNTS.......................................................13 SECTION 3.3

Establishment of Project Accounts. (a) The Account Bank is hereby directed to create and establish the following Project Accounts (inclusive of any sub-account (which may include a separate internal ledger) thereof) at the Account Bank (the Project Accounts set forth in clauses (i) through (ix), collectively, the “Securities Accounts”): (i) an account entitled “Repauno Revenue” as further described on Exhibit C hereto (the “Revenue Account”), and, within the Revenue Account: (A) a sub-account entitled “Repauno Rev-Int Bonds” as further described on Exhibit C hereto (the “Bonds Interest Sub-Account”); (B) a sub-account entitled “Repauno Rev-Princ Bonds” as further described on Exhibit C hereto (the “Bonds Principal Sub-Account”); (C) a sub-account entitled “Repauno Rev-Princ Taxable Debt” as further described on Exhibit C hereto (the “Taxable Debt Principal Sub-Account”); (D) a sub-account entitled “Repauno Rev-Int Taxable Debt” as further described on Exhibit C hereto (the “Taxable Debt Interest Sub-Account”); (ii) an account entitled “Repauno Loss Proceeds” as further described on Exhibit C hereto (the “Loss Proceeds Account”); (iii) an account entitled “Repauno Construction” as further described on Exhibit C hereto (the “Construction Account”), and, within the Construction Account: (A) a sub-account entitled “Repauno Const-Debt Proceeds” as further described on Exhibit C hereto (the “Debt Proceeds Sub-Account”), and, within the Debt Proceeds Sub-Account: 14 a. a sub-account entitled “Repauno DRP 4 Series 2025 DWFBs Proceeds” described on Exhibit C hereto (the “DRP 4 Series 2025 Debt Proceeds Sub-Account”);

Establishment of Project Accounts. On or prior to the Closing Date, the Accounts Bank shall establish and maintain, in the name of the Borrower's Agent and on the books and records of the Accounts Bank's offices located in Monterey Park, California the accounts set forth below: (a) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Escrow Account", Account No. ▇▇▇▇▇▇▇▇▇▇ (the "Escrow Account"); (b) a special, segregated, Dollar-denominated account entitled "UBOC Control - Pacific Ethanol Holding Co. LLC Construction Holding Account", Account No. ▇▇▇▇▇▇▇▇▇▇ (the "Construction Holding Account");