Construction Account definition
Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.
Construction Account shall have the meaning given to such term in the Depositary Agreement.
Construction Account has the meaning assigned to such term in the Accounts Agreement.
Examples of Construction Account in a sentence
If the Le ssee elects to repair or replace the Project, it shall do so with its own funds except to the extent amounts are available in the Construction Account of the Project Fund for such purpose, in which case it may use such funds.
More Definitions of Construction Account
Construction Account shall have the meaning given such term in the Collateral Agency Agreement.
Construction Account means bank account number IBAN:in the name of the CBC pursuant to the CBC Account Agreement with the CBC Account Bank, to which amounts corresponding to the aggregate relevant Construction Deposits will be credited.
Construction Account means, with respect to the Project, any account that may be established by the Borrower for the deposit of proceeds of the TIFIA Loan to be applied subsequently to promptly pay or reimburse Eligible Project Costs.
Construction Account has the meaning given in Section 1.1 of the Depositary Agreement.
Construction Account means the account created in the Sanitary Sewerage System Fund pursuant to Section 7.02 of the Original Resolution.
Construction Account means the account created by the Issuer as set forth in Section 4.3 of this Indenture.
Construction Account means an account in a financial institution into which only trust funds and funds deposited by the contractor that are necessary to pay charges imposed on the account by the financial institution may be maintained.