Completion Funds definition

Completion Funds means the moneys needed to pay Over-Budget Costs, if any.
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Completion Funds means the difference between (1) the aggregate amount of the original development budgets for the Construction Properties approved by American-Campus Titan LLC and American Campus-Titan II LLC that have not been paid to date and (2) the Escrowed Funds; the term “Escrowed Funds” means $824,011 as of the Closing, together with any amounts to be deposited by the Company with Escrow Agent (hereinafter defined) as and when received from Apex Construction Company with respect the Construction Properties owned by ACT Fresno and ACT CSU (estimated as of today to be approximately $400,000), representing the aggregate estimated amount of savings with respect to the Construction Properties; and the term “Escrow Agent” shall mean LandAmerica Title Insurance Company.
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Completion Funds. The moneys needed to pay Over-Budget Costs, if any. Completion Guaranty: The agreement between the Financier and Guarantor.
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Examples of Completion Funds in a sentence

  • The form calls for three exhibits: (A) the legal description, (B) form HUD-2328, the Contractor’s and/or Mortgagor’s Cost Breakdown, and (C) if applicable, a disbursement agreement relating to disbursement of the Project Completion Funds required by HUD at initial closing and/or a rider to the disbursement agreement listing certain charges or items to be paid from Loan proceeds or Project Completion Funds.

  • Sully District): In March 2011, the Route 28 District Advisory Board recommended to approve $6.0 million in Project Completion Funds (PCF) for final design plans for four priority sections of Route 28 widening from six to eight lanes.

  • Completion Funds are sent to the solicitor then forwarded to you or the vendor to complete the purchase or refinance.

  • Pledges or award letters with unsatisfied contingencies, pending loan applications, and other non-final commitments will not be considered as secured Matching or Completion Funds in the evaluation process, although they are indicative of some level of potential Matching or Completion Funds.

  • The Minimum Equity Requirement will thereafter be reduced and repaid, and any Stadium Completion Funds will be reduced and repaid, on a “straight-line amortized” basis over a period of twenty-seven (27) years, commencing upon the third anniversary of the Operating Term Commencement Date of the Retail Lease.

  • OSEG will not be entitled to the return of the Minimum Equity Requirement or any Stadium Completion Funds for a period of three (3) years from the Operating Term Commencement Date (as that term is defined in the Retail Lease) of the Retail Lease.

  • GLV and Goshawk Holdings must jointly develop an agreed budget, which allocates the distribution of the Completion Funds (post Completion) (Budget).

  • Consequently, CMS explained, on October 21, 2015 CMS counsel spoke with a person CMS describes as “Petitioner’s owner” about submissions which were due on November 6, 2015.

  • No Grant Disbursement Agreement will be entered into until all Matching Funds and Completion Funds have been secured.

  • Programs: The following programs and resources may be pursued over the next 5 years: Rehabilitation Federal: HOME; Community Development Block Grant State: Weatherization program; WHEDA Loan Program Local: No programs anticipated Private: Matching bank loan funds for rehabilitation act Target Date for Completion Funds estimated for homeowner projects will be expended annually with completion within 5 years.


More Definitions of Completion Funds

Completion Funds has the meaning given to such term in Section 10.3(b); “Completion Guarantee” has the meaning given to such term in Section 10.3(b);
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Related to Completion Funds

  • 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.

  • Project Funds means funds disbursed by the State Water Board to the Recipient for purposes of this Agreement.

  • Completion Accounts means the consolidated balance sheet of the Target Group as at the close of business on the date of Completion and a consolidated profit and loss account of the Target Group for the period from the Last Accounts Date up to and including the date of Completion, which shall be prepared in accordance with Schedule 5.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Levy reduction funds means increases in state funds from

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Project Completion Date means the date on which the Completion Certificate is issued;

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

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Construction Funding Subsidy or “CFS” means the funding that the MOHLTC agreed to provide, or to ensure the provision of, to the HSP, in an agreement for the construction, development, redevelopment, retrofitting or upgrading of beds (a “Development Agreement”).

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Final Completion Date means the date on which Final Completion occurs.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.