Construction Funds Trust Agreement definition

Construction Funds Trust Agreement means that certain Construction Funds Trust, dated as of the Effective Date, among the Construction Funds Trustee, the Authority and StadCo, providing for the disbursement of the Authority Contribution Amount, the PSL Contribution Amount and the StadCo Contribution Amount for the Stadium Project Improvements, as the same may be amended, amended and restated, restated, supplemented or otherwise modified from time to time.
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Construction Funds Trust Agreement means that certain Construction Funds Trust Agreement, dated as of [ ], 2018, among the Construction Funds Trustee, the disbursing agent identified therein, the Seller and StadCo, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Construction Funds Trust Agreement shall have the meaning set forth in the Stadium Lease.
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Examples of Construction Funds Trust Agreement in a sentence

  • The Parties agree that the Trust created hereby and this Agreement, together with any subsequent amendments or modifications thereto, is the Construction Funds Trust and the Construction Funds Trust Agreement, respectively, referred to in the Development Agreement.

  • Notwithstanding anything to the contrary this Agreement, including in this Section 3.2(h), but subject to StadCo’s obligation to comply with Section 8.1 hereof, the Construction Monitor shall not be required to deliver any reporting, information or certificates to the Authority hereunder or under the Construction Funds Trust Agreement, unless delivery thereof to the FinanceCo Agent is required to be made pursuant to the terms of the FinanceCo Credit Facility.

  • The scope of the monitoring by the Construction Monitor shall include review of progress of work, review of contracts and substantive budget reviews, review of Construction Contract Change Orders, status of approvals and permits, certain matters specified in Section 8.1 hereof, all other matters required of the Construction Monitor under the Construction Funds Trust Agreement, and all matters required of the “independent engineer” under the Act.

  • The scope of the monitoring by the Construction Monitor shall include review of progress of work, review of contracts and substantive budget reviews, review of Construction Contract Change Orders, status of approvals and permits, certain matters specified in Section 8.1 hereof, all other matters required of the Construction Monitor under the Construction Funds Trust Agreement, and all matters required of the “independent engineer” under the Act..

  • Annual Administration Fee: $20,000.00 This annual fee covers the Construction Funds Trustee duties and related ancillary roles as specified in the Construction Funds Trust Agreement.

  • OCIP Reimbursement Account When it was determined that completion of all ballpark construction had occurred and all legally owing costs paid or provided for, the MBA and the Minnesota Twins, LLC authorized final distribution of all funds remaining in the accounts established under the Construction Funds Trust Agreement.

  • Construction Funds Trust Agreement & Settlement Trust AgreementThe Settlement Agreement by and between the Minnesota Sports Facilities Authority (Authority), Minnesota Vikings Football Stadium, LLC, M.A. Mortenson Company, and the Design Team requires the Authority, the Team and the Design Team to place certain funds in a trust account to be held until the Settlement Amount is accepted or rejected.

  • The Parties agree that this Agreement, together with any subsequent amendments or modifications thereto, is the Construction Funds Trust and Construction Funds Trust Agreement referred to in the Development Agreement.

  • The scope of the monitoring by the Construction Monitor shall include review of progress of work, review of contracts and substantive budget reviews, review of Construction Contract Change Orders, status of approvals and permits, certain matters specified in Section 8.1 hereof, all other matters required of the Construction Monitor under the Construction Funds Trust Agreement.

  • Recommendation: The Authority authorizes the Chair and the CEO/Executive Director to finalize and execute the Second Amendment to the Amended and Restated Construction Funds Trust Agreement.


More Definitions of Construction Funds Trust Agreement

Construction Funds Trust Agreement has the meaning assigned to that term in the Development Agreement.
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Construction Funds Trust Agreement means that certain Construction Funds Trust Agreement, dated as of March 28, 2018, among the Construction Funds Trustee, the Construction Monitor, the Seller and StadCo, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Construction Funds Trust Agreement means the Construction Funds Trust Agreement by and among (i) the Authority, (ii) StadCo, (iii) the State of Tennessee, acting through its Department of Finance & Administration, (iv) Xxxxx Xxxx LaSalle America, Inc., in its capacity as construction monitor thereunder, and (v) Regions Bank, an Alabama state banking corporation, not individually but solely as trustee thereunder to establish such accounts and to accept, hold, track, and disburse various contribution amounts, and other trust funds deposited with it and the earnings thereon in accordance with the terms of such agreement.
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Construction Funds Trust Agreement means that certain Construction Funds Trust Agreement by and among StadCo, the Authority, the State, the Construction Monitor and the Construction Funds Trustee.
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Construction Funds Trust Agreement shall have the meaning set forth in the Recitals to this Agreement.
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Construction Funds Trust Agreement means that certain Construction Funds Trust Agreement, dated as of August 25, 2023, among the Authority, StadCo, the State, Regions Bank, as construction funds trustee, and Xxxxx Xxxx Lasalle Americas, Inc., as construction monitor.
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Related to Construction Funds Trust Agreement

  • 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.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Trust Agreement means this Amended and Restated Trust Agreement, as the same may be modified, amended or supplemented in accordance with the applicable provisions hereof, including all exhibits hereto, including, for all purposes of this Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this Trust Agreement and any such modification, amendment or supplement, respectively.

  • Project Funding Agreement means an agreement in the form of Schedule F that incorporates the terms of this Agreement and enables the LHIN to provide one-time or short term funding for a specific project or service that is not already described in Schedule A;

  • Project Fund means the Fund so designated and established by Article V hereof.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • 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.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Note Depository Agreement means the agreement, dated as of the Closing Date, between the Issuer and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended or supplemented from time to time.