Development Accounts definition

Development Accounts means: (a) one or more Accounts of the Company opened and maintained solely for the disbursement of amounts (in excess of (i) the Permitted Amount and (ii) the amount required to pay any fees due and payable to any Senior Secured Creditor on the Fourth Amendment Effective Date under the Fourth Amendment Effective Date Fee Letters (to the extent such fees are to be funded from the Advances requested in the Completion Request)) borrowed by the Company under the Term Facility to finance or refinance costs incurred or funds expended on the development of the Cotai Project (and which does not, and will not, contain amounts to be applied for any other purpose other than as set forth in paragraph (b) of this definition) and; (b) one or more interest bearing demand or time deposits opened and maintained from time to time solely for the purpose of investing the amounts referred to in paragraph (a) of this definition prior to their disbursement provided that any such interest bearing demand or time deposit (i) meets the requirement of a Permitted Investment and (ii) is secured by a first ranking fixed Lien in favour of the Security Agent.
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Development Accounts means each Development Account (as defined in each of the Term Facility Agreement and the Revolving Facility Agreement).
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Development Accounts is defined in Section 2.5(1) hereof.
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Examples of Development Accounts in a sentence

  • To that end, Individual Professional Development Accounts (IPDAs) shall be maintained and funded as provided in this Section.

  • Professional Development Accounts are provided to support faculty members’ performance in the areas of teaching, scholarship, or service.

  • Existing Personal Professional Development Accounts to a maximum of $5,000 are carried forward.

  • The “Platform Transfer” means the transfer of the Games to the Acquirer Development Account(s) on all Platforms.

  • Upon fifteen (15) days prior written notice from Wyeth, Progenics shall permit an independent certified public accounting firm of nationally recognized standing, selected by Wyeth and reasonably acceptable to Progenics, to examine, at Wyeth’s sole expense, the relevant books and records of Progenics and its Affiliates as may be reasonably necessary to verify the reports submitted by the Audited Party in accordance with Section 6.2.2 (Payment of Expenses; Development Accounts; Reimbursement).

  • Provide interested individuals with information about Individual Development Accounts (IDAs) and other resources to support financial planning and budgeting.

  • Personal Professional Development Accounts are provided to enable faculty members to meet the expectation for reappointment, promotion and/or tenure.

  • As of July 1, 2017, funding for advisor salaries, OPE and Individual Professional Development Accounts are transferred from the School/College to Advising and Career Services.

  • Funds deposited by youth in their Individual Development Accounts (IDAs) will be matched on a dollar for dollar basis, up to $1,000 per year for a total match of $3,000 over time in the program as funding allows.

  • The Development Accounts shall be used solely for funds relating to one (1) or more Development Opportunity(ies), and/or the Owning Entity(ies) owning the same.