Improvement Account definition

Improvement Account means the Water and Sewer Utility Improvement Account.

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Improvement Account means the Improvement Account created by Article IV

Improvement Account means the Account in the Project Fund established pursuant to Section 6.1 of this Indenture for payment or reimbursement of Costs.

Examples of Improvement Account in a sentence

• Lender shall not be required to disburse Capital Improvement Funds more frequently than once each calendar month or in amounts less than $25,000 in the aggregate, provided, however, that the final disbursement from the Capital Improvement Account may be in an amount less than $25,000.

• From time to time, at the request of Borrower, Lender shall disburse interest earned on the Capital Improvement Account to the Borrower for deposit into the Operating Account provided Lender is reasonably satisfied that sufficient funds remain in such Accounts to complete all Capital Work required hereunder.

• The Company Accounts will include a Capital Improvement Account, as further described and governed by the terms set forth in Section 2 of the Permitted Capital Improvement Addendum attached hereto as Annex V (and references in the Transaction Documents to this Section 12.13 will be deemed to include such Section 2 of the Permitted Capital Improvement Addendum).

• Subject to the terms and conditions herein and in the other Transaction Documents, the Company must use Asset Proceeds, Excess Working Capital Advances, and funds in the Capital Improvement Account, the Working Capital Reserve Account, the Collection Account or any other Company Account solely for such purposes as are expressly permitted herein, in the Custodial and Paying Agency Agreement and in the other applicable Transaction Documents.

• Funding of a Capital Improvement Account If capital improvements are proposed, please follow the guidelines below.

More Definitions of Improvement Account

Improvement Account means the Improvement Account for the Improvements created by Article IV hereof.

Improvement Account means the Improvement Account established in Section 502. “Improvement Requirement” means the aggregate of the amounts established by currently

Improvement Account means the Account within the Project Fund established pursuant to Section 5.1.

Improvement Account has the meaning provided in Section 14(i)(ii)(D) (Affirmative Covenants – Establishment and Ratification of Funds and Accounts).

Improvement Account means the Improvement Account established pursuant to Section 12(E) of this Ordinance.

Improvement Account means the Account by such name established within the Project Fund pursuant to Section 6.1.

Improvement Account means that Account established by Section 6.1(b) and administered pursuant to Section 6.5 hereof.