Anticipated Earnings definition
Anticipated Earnings means, at any time, with respect to the Second Mortgage Notes Proceeds Account, the Company's Funds Account, the Completion Guaranty Deposit Account and the Project Liquidity Reserve Account, respectively, the amount of investment income which the Company reasonably determines with the concurrence of the Disbursement Agent (acting in its sole discretion exercised in good faith) will accrue on the funds in each such Company Account through the anticipated Completion Date, taking into account the current and future anticipated rates of return on Permitted Investments in such Company Accounts and the anticipated times and amounts of draws from each such Company Account for the payment of Project Costs.
Anticipated Earnings means, at any time, with respect to the Second Mortgage Notes Proceeds Account, the Company's Funds Account, the Completion Guaranty Deposit Account and the Project Liquidity Reserve Account, respectively, the amount of investment income which the Company reasonably determines with (a) the reasonable concurrence of the Construction Consultant and (b) the concurrence of the Disbursement Agent (acting in its sole discretion exercised in good faith) will accrue on the funds in each such Company Account through the anticipated Completion Date, taking into account the current and future anticipated rates of return on Permitted Investments in such Company Accounts and the anticipated times and amounts of draws from each such Company Account for the payment of Project Costs.
Anticipated Earnings means, at any time, with respect to each Account (other than the General Disbursement Account), the amount of investment income which the Borrower reasonably determines will accrue on the funds in each such Account through the anticipated Project Final Completion Date, taking into account the current and future anticipated rates of return on Permitted Investments in each such Account and the anticipated times and amounts of Advances from each such Account for the payment of Project Costs.
More Definitions of Anticipated Earnings
Anticipated Earnings is defined in the Disbursement Agreement.
Anticipated Earnings means, at any time, with respect to the Company’s Funds Account, the 2014 Notes Proceeds Account, the portion of the Company’s Concentration Account that is credited to the Construction Tracking Account, the Completion Guaranty Deposit Account, the Bank Proceeds Account and the Project Liquidity Reserve Account, respectively, the amount of investment income which the Company reasonably determines with the concurrence of the Disbursement Agent (acting in its sole discretion exercised in good faith) will accrue on the funds in each such Company Account through the anticipated Completion Date of the last Project, taking into account the current and future anticipated rates of return on Permitted Investments in such Company Accounts and the anticipated times and amounts of draws from each such Company Account for the payment of Project Costs.
Anticipated Earnings means, at any time, relative to the Borrower's Funds Account, the Bank Proceeds Account, the Construction Note Disbursement Account, the Guaranty Deposit Account, the Loss Proceeds Account, the Interest Payment Account, the Term B Sub-Account, the Term C Sub-Account, the Servicing Agent's Disbursement Account and the Cash Management Account, respectively, the amount of investment income which the Borrower reasonably determines (with the reasonable concurrence of the Administrative Agent, the Construction Consultant and the Disbursement Agent) will be paid on the deposits in each such Account through the Opening Date, taking into account the current and future anticipated rates of return on Cash Equivalent Investments in such Accounts and the anticipated times and amounts of draws from each such Account for the payment of Main Project Costs.