Completion Funds definition

Completion Funds means the moneys needed to pay Over-Budget Costs, if any.
View Source
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.
View Source
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);
View Source

Examples of Completion Funds in a sentence

  • 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.

  • Any amount contributed by Members on account of Stadium Completion Funds shall be deemed to be Equity, but shall not be included in the determination of compliance with the Minimum Equity Requirement nor be deemed to be Additional Equity.

  • The Yell Completion Funds Flow Statement and evidence satisfactory to the Facility Agent that the funds will be or have been applied in accordance with such statement and evidence satisfactory to the Facility Agent of adequate funding to complete the Yell Acquisition and meet the Yell Transaction Costs.

  • The payment referred to in paragraph 7(a)(i) hereof shall be made to you without reduction or set-off and notwithstanding any Completion Funds advanced by us to Producer or expended by us directly to Complete and Deliver the Film in accordance with the terms of this Completion Guaranty.

  • Work Task Start-­‐Up Date Date of Completion Funds Required First Quarter Oct–Dec 2014 1.

  • The proceeds of each Term Advance referred to in this Clause 2.3(a) shall be borrowed by the relevant Borrower and applied for the purposes specified in this Clause 2.3(a) in the manner set forth in the Yell Completion Funds Flow Statement or as otherwise agreed by the Majority Banks.

  • The ▇▇▇▇▇▇ Completion Funds Flow Statement and evidence satisfactory to the Facility Agent that the funds will be or have been applied in accordance with such statement and evidence satisfactory to the Facility Agent of adequate funding to complete the ▇▇▇▇▇▇ Acquisition and meet the ▇▇▇▇▇▇ Transaction Costs.

  • In the event work is stopped on the Excavation Project, for a period of ten (10) consecutive days or more, other than for a demonstrated force majeure, the City shall draw upon the Completion Funds and, at its sole discretion, either complete the Excavation Project or otherwise rehabilitate the Property in accordance with the Site Rehabilitation standards set forth in City of Black Hawk Municipal Code ss.18-241(8).

  • If Budget Funds or funds from other sources are not available for such premiums, the Guarantor shall advance the necessary funds to pay such premiums as Completion Funds.


More Definitions of Completion Funds

Completion Funds. The moneys needed to pay Over-Budget Costs, if any. Completion Guaranty: The agreement between the Financier and Guarantor.
View Source

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 all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • 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.