Common use of Last Project Clause in Contracts

Last Project. On the Last Project Final Completion Date, the Disbursement Agent shall release to the Company all amounts on deposit in the Company Accounts, other than the Project Liquidity Reserve Account which shall be released as provided in Section 2.2.

Appears in 1 contract

Sources: Master Disbursement Agreement (Wynn Resorts LTD)

Last Project. On the Last Project Final Completion Termination Date, the Disbursement Agent shall release to the Company all amounts on deposit in the Company Accounts, other than the Project Liquidity Reserve Account which shall be released as provided in Section 2.22.2.8. Any such release to the Company from the Completion Guaranty Deposit Account shall be effected as a dividend from the Completion Guarantor to the Company.

Appears in 1 contract

Sources: Master Disbursement Agreement (Wynn Resorts LTD)