Escrow Structure definition

Escrow Structure means a financing structure in which ninety percent (90%) or more of the bond proceeds are invested or not otherwise capable of being paid out for any period of time during which the User attempts to obtain credit enhancement or satisfy any other conditions precedent to the use of all of the bond proceeds for Costs of the Project.
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Escrow Structure means a financing structure in which ninety percent (90%) or more of the proceeds of the Bond are not available to be used to pay the Costs of the Projects for any period of time during which the Applicant attempts to obtain credit enhancement or satisfy any other conditions precedent to the use of all of the Bond proceeds for Costs of the Project.
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Escrow Structure means a financing structure in which Bond proceeds are invested in high-yielding securities for a period during which the Applicant attempts to obtain a credit enhancement sufficient to preserve the Authority’s required “AA” rating on the Bonds and during which time the interest on the high-yielding securities pays the interest and principal due on the Bonds.
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Related to Escrow Structure

  • Accessory structure means a structure that is accessory and incidental to a dwelling located on the same lot.

  • Accessory Structure (Appurtenant Structure) means a structure located on the same parcel of property as the principal structure and the use of which is incidental to the use of the principal structure. Garages, carports and storage sheds are common urban accessory structures. Pole barns, hay sheds and the like qualify as accessory structures on farms, and may or may not be located on the same parcel as the farm dwelling or shop building.

  • Soil structure means the arrangement of primary soil particles into compound particles, peds, or clusters that are separated by natural planes of weakness from adjoining aggregates.

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Certified historic structure means a property listed individually on the Virginia Landmarks Register,