Development Account definition

Development Account means an account established in terms of section sixty-six; “development order” means a development order made in terms of section twenty-five;

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Development Account means a full and proper accounting record of all Actual Development Costs and all Interim Development Income, to be maintained on an open book basis by the Developer in accordance with the terms of this Schedule;

Development Account means the return to be provided by the Owner to the Council such return to detail;(1) the independently audited account for the Development setting out the actual costs, expenditure and income from the Development(2) the Owner’s profit at [20%] of gross development value “Development Costs” means all actual costs incurred by the Owner in constructing the Development and which shall include:a. land acquisition costs and any SDLT

Examples of Development Account in a sentence

• If the Prospectus related to a Trust specifies a creation and development fee, the Trustee shall, on or immediately after the end of the initial offering period, withdraw from the Capital Account, an amount equal to the unpaid creation and development fee as of such date and credit such amount to a special non-Trust account designated by the Depositor out of which the creation and development fee will be distributed to the Depositor (the "Creation and Development Account").

• The proceeds of such sales, less any amounts paid to the Trustee in reimbursement of its advances, shall be credited to the Creation and Development Account.

• If the Prospectus related to the Trust specifies a creation and development fee, the Trustee shall, at the conclusion of the primary offering period for a Trust, as certified by the Depositor to the Trustee withdraw from the Capital Account, an amount equal to the entire creation and development fee and credit such amount to a special non-Trust account designated by the Depositor out of which the creation and development fee will be distributed to the Depositor (the "Creation and Development Account").

• If the balance in the Principal Account is insufficient to make any such withdrawal, the Trustee shall, as directed by the Depositor, either advance funds in an amount equal to the proposed withdrawal and be entitled to reimbursement of such advance upon the deposit of additional moneys in the Principal Account, or sell Securities and credit the proceeds thereof to the Creation and Development Account to the extent payable pursuant to this Section 3.16.

• If the balance in the Principal Account is insufficient to make such withdrawal, the Trustee shall, as directed by the Depositor, advance funds in an amount required to fund the proposed withdrawal and be entitled to reimbursement of such advance upon the deposit of additional moneys in the Principal Account, and/or sell Securities and credit the proceeds thereof to the Creation and Development Account.

More Definitions of Development Account

Development Account the notional accrual maintained by the Developer for SW2 Enterprise Centre Development Costs in accordance with Part 1 of Schedule 10

Development Account means an interest bearing account to be established and administered by THT pursuant to Clause 7;

Development Account has the meaning set forth in Section 4.1(a).

Development Account means the account by that name in the Special Allocation Fund related to the Development Property.

Development Account has the meaning set forth in Section 9.4.4.

Development Account means account number ▇▇▇▇▇▇▇▇ at the State Bank of NSW Spit Junction Branch styled "Golden Dolphin Productions Pty Ltd - AME CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION Development Account.

Development Account has the meaning given to that term in Section 4.01(k).