Construction Accounts definition
Examples of Construction Accounts in a sentence
The Construction Accounts have been assigned the federal tax identification number of the Authority, which number is 68-0490898.
The proceeds of all Term Loans shall be deposited into the applicable Construction Accounts pursuant to the Depositary Agreement.
The Clearing Bank agrees to notify the Trustee immediately in the event that any other party makes a claim to or with respect to the Construction Accounts or the amounts therein or earnings thereon.
Subject to the Authority's limited rights of withdrawal as specified in Paragraph 6, below, the Construction Accounts are under the sole dominion, control and discretion of the Trustee.
Prior to the Clearing Bank's receipt of a Cash Collateral Period Notice and again following receipt by the Clearing Bank from the Trustee of written notice from the Trustee that the Cash Collateral Period corresponding to the Cash Collateral Period Notice has ended (the "Cash Collateral Period Termination Notice"), the Authority has the right to make withdrawals from the Construction Accounts pursuant to the Cash Collateral Agreement.