Establishment of Construction Fund Sample Clauses

Establishment of Construction Fund. The Hillsborough County Aviation Authority Construction Fund (the “Construction Fund”), is hereby created and established, and the Authority shall establish separate accounts therein pursuant to each Supplemental Trust Agreement pertaining to Additional Bonds issued pursuant to Section 2.09 and Section 2.10(a) hereof, to the credit of which proceeds of such Additional Bonds shall be deposited. Each such account in the Construction Fund shall be held by the Authority pursuant to the Supplemental Trust Agreement. There may also be deposited into the applicable account or accounts in the Construction Fund any moneys received from any other source for the construction or acquisition of each respective Airport System Project. Each account in the Construction Fund shall be held separate and apart from each other account therein and shall be used and applied in accordance with the terms of this Trust Agreement and the Supplemental Trust Agreement pursuant to which it was created. The moneys in each account in the Construction Fund shall be held by the Authority in trust and shall be applied to the payment of the cost of the Airport System Projects for which such accounts were created, and pending such application, shall be subject to a lien and charge in favor of the holders of the Bonds issued to finance such Airport System Projects and for the further security of such holders until paid out or transferred as herein provided.
Sample 1
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Establishment of Construction Fund. 23 SECTION 5.02. Held in Trust.........................................................................23 SECTION 5.03. Use of Moneys.........................................................................23 SECTION 5.04. Retention of Requisitions.............................................................23 SECTION 5.05. Completion of Project.................................................................23 SECTION 5.06. Disposition of Surplus Funds..........................................................23 ARTICLE VI BOND FUND SECTION 6.01. Establishment of Bond Fund............................................................24 SECTION 6.02. Flow of Funds.........................................................................24 ARTICLE VII SECURITY FOR AND INVESTMENT OF MONEYS SECTION 7.01. Security..............................................................................25 SECTION 7.02. Investment of Funds...................................................................25 SECTION 7.03. Transfer of Balance...................................................................25 SECTION 7.04 Acknowledgement of Security Interest; Control.........................................25 SECTION 7.05 Control of Securities Accounts........................................................25 SECTION 7.06 Control of Deposit Accounts...........................................................25 SECTION 7.07 Trustee's UCC Jurisdiction............................................................25 ARTICLE VIII REDEMPTION OF BONDS
Sample 1
Establishment of Construction Fund. There is hereby created and established with the Trustee a fund designated as the "Mississippi Business Finance Corporation--Premier Entertainment Biloxi LLC Construction Fund". The Construction Fund shall consist of the Trustee Disbursement Account and the Company Direct Disbursement Account. Pursuant to the provisions of Section 2.02(a) hereof, proceeds of the sale of the Series 2004 Bonds shall be caused to be paid from time to time to the Trustee and deposited into the appropriate account of the Construction Fund. If, with regard to the sale of any Additional Bonds, there is any interest accrued on such Series of Bonds to the date of their delivery to the initial purchasers thereof, such amounts shall be deposited by the Trustee in the Bond Fund hereinafter created and established. The Trustee shall have authority to disburse amounts on deposit in the Trustee Disbursement Account of the Construction Fund and the Company shall have authority to disburse amounts on deposit in the Company Direct Disbursement Account in accordance with the provisions of Section 5.03 hereof. Payments of amounts to be disbursed by the Trustee may be made by check or wire sent by the Trustee as directed in the applicable requisition submitted by the Authorized Company Representative. Amounts to be disbursed by the Company from the Company Direct Disbursement Account shall be made by check, signed by an Authorized Company Representative.
Sample 1
Establishment of Construction Fund. The Trustee shall establish a Construction Fund for the payment of the Costs of the Project. The Construction Fund shall consist of the amounts deposited therein pursuant to this Indenture and any other amounts the Issuer may deposit therein. The amounts in the Construction Fund, until applied as hereinafter provided, shall be held as security for all Bonds Outstanding hereunder. The Trustee shall maintain a record of the income on investments and interest earned on amounts held in the Construction Fund and on proceeds of Bonds held in respect of accrued or capitalized interest held by the Trustee as Revenues. Subject to the provisions of Section 6.05, such income or interest may be expended at any time or from time to time to pay Costs of the Project in the same manner as the proceeds of Bonds deposited in the Construction Fund are expended.
Sample 1
Establishment of Construction Fund. 31 5.02 Payments from Construction Fund ........................ 31 5.03 Payment to Relate to Underlying Obligations ............ 32 5.04 Procedure Upon Completion of Project ................... 32 5.05 Use of Money in Construction Fund Upon Default ......... 32
Sample 1
Establishment of Construction Fund. There is hereby created and established with the Trustee a Construction Fund for the payment of Costs of the Project. The Construction Fund shall consist of the amounts deposited therein pursuant to this Indenture and any other amounts the Authority may deposit therein including contributions by Company. The amounts in the Construction Fund, until applied as hereinafter provided, shall be held for the security of all the Bonds Outstanding hereunder and invested as provided in Article VII. Separate accounts within the Construction Fund shall be maintained by the Trustee upon request of the Authority whenever, in the opinion of the Authority, it is appropriate to have a separate accounting in respect of the Costs of any designated portion of the Project. The Authority may permit the Company, from time to time, to deposit moneys in the Construction Fund for the purpose of paying the Costs of the Project. The investment earnings on moneys deposited in the Construction Fund shall be added to the Construction Fund and may be expended at any time or from time to time to pay Costs of the Project in the same manner as the proceeds of the Bonds are expended.
Sample 1
Establishment of Construction Fund. The Trustee shall establish and maintain and hold in trust a fund for the payment of costs which shall be entitled the "Portland General Electric Company Series 1990A Construction Fund" (the "Construction Fund"). The Construction Fund shall consist of the amounts deposited therein pursuant to this Indenture and any other amounts the Company or the Issuer may deposit therein. The amounts in the Construction Fund, until applied as hereinafter provided, shall be held for the security of all Bonds Outstanding hereunder. The Trustee shall maintain a record of the income on investments and interest earned on deposit of amounts held in the Construction Fund. Such income or interest may be expended at any time or from time to time to pay Costs in the same manner as the proceeds of Bonds deposited in the Construction Fund are expended, and for no other purpose. Upon written direction from an Authorized Company Representative, the Trustee shall withdraw from the Construction Fund moneys for the payment of interest on the Series 1990A Bonds during acquisition and construction of the Project, and shall deposit such moneys in the Bond Fund for the payment of such interest.
Sample 1
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Related to Establishment of Construction Fund

  • Commencement of Construction Construction of the Project will start within thirty (30) days after notification to the Developer by the Owner, or as soon thereafter as weather and ground conditions permit.

  • Completion of Construction (a) For the purposes of this Agreement, the terms "

  • Manner of Construction All Alterations performed by or on behalf of Tenant shall be performed: (a) at Tenant’s sole cost and expense, which shall include, without limitation, payment to Landlord (to the extent required to be paid by Landlord to Master Landlord under Section 8.2 of the Master Lease) of Master Landlord’s reasonable out-of-pocket costs incurred by Master Landlord to review Tenant’s plans and specifications for the Alterations; (b) in a diligent and good and workmanlike manner; (c) in compliance with all Applicable Laws and in substantial conformance with the plans and specifications therefor submitted by Tenant to Landlord and Master Landlord (and approved by Landlord and Master Landlord, to the extent such approval was required); (d) by contractors and subcontractors selected by Tenant and reasonably approved by Landlord and Master Landlord (and Landlord shall cause Master Landlord to not unreasonably withhold consent) (except that pursuant to the Master Lease, Master Landlord may reasonably designate the contractors and subcontractors to perform all B/S Alterations provided such contractors and subcontractors are unrelated to Master Meet Me Room Sublease Landlord or Landlord and agree to perform such work at competitive prices and are reasonably available); (e) in conformance with Master Landlord’s reasonable, non-discriminatory construction rules and regulations (which Landlord shall make available or cause Master Landlord to make available to Tenant upon request); and (f) in such manner so as not to unreasonably obstruct access to the Project or any portion thereof, by any other tenant of the Project, and so as not to unreasonably interfere with Master Landlord’s normal and customary business operations at the Building or Project or other tenants’ or occupants’ use or enjoyment of their premises for reasonable and customary uses. In addition, prior to the commencement of such Alterations, Tenant shall provide Landlord and Master Landlord with evidence that Tenant or its contractor carries “Builder’s All Risk” insurance in an amount reasonably approved by Landlord (provided Landlord shall not withhold approval unless Master Landlord reasonably withholds approval to the extent allowed under the Master Lease) (not to exceed the amount of coverage typically required by landlords of Comparable Buildings) covering the construction of such Alterations, and such other insurance as Master Landlord under the Master Lease may reasonably require. Tenant shall, within twenty (20) days after demand, remove or bond against any liens imposed against the Building or Project as a result of the performance by Tenant of any Alterations and/or installation by Tenant of any furniture, fixtures or equipment in or at the Premises, Building or Project, and shall indemnify, defend and hold Landlord and Master Landlord harmless from and against all Claims in connection with any such liens.

  • Definitions Rules of Construction In addition to terms otherwise defined herein, the following terms are used herein as defined below:

  • Certain Matters of Construction The terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In the computation of periods of time from a specified date to a later specified date, “from” means “from and including,” and “to” and “until” each mean “to but excluding.” The terms “including” and “include” shall mean “including, without limitation” and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision. Section titles appear as a matter of convenience only and shall not affect the interpretation of any Loan Document. All references to (a) laws or statutes include all related rules, regulations, interpretations, amendments and successor provisions; (b) any document, instrument or agreement include any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by the Loan Documents); (c) any section mean, unless the context otherwise requires, a section of this Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are hereby incorporated by reference; (e) any Person include successors and assigns; (f) time of day mean time of day at Agent’s notice address under Section 14.3.1; or (g) discretion of Agent, Issuing Bank or any Lender mean the sole and absolute discretion of such Person. All calculations of Value, fundings of Loans, issuances of Letters of Credit and payments of Obligations shall be in Dollars and, unless the context otherwise requires, all determinations (including calculations of Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP). Borrowers shall have the burden of establishing any alleged negligence, misconduct or lack of good faith by Agent, Issuing Bank or any Lender under any Loan Documents. No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. Whenever the phrase “to the best of Borrowers’ knowledge” or words of similar import are used in any Loan Documents, it means actual knowledge of a Senior Officer, or knowledge that a Senior Officer would have obtained if he or she had engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or agents and a good faith attempt to ascertain the matter to which such phrase relates.

  • Definitions Certain Rules of Construction As used herein, the following terms will have the following meanings:

  • Definitions and Construction 1 1.1 Definitions.....................................................................................1 1.2

  • Definitions Principles of Construction 1 Section 1.1 Definitions 1 Section 1.2 Principles of Construction 26

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

  • Definitions and Rules of Construction 1.1 Unless otherwise defined herein, the following capitalized terms shall have the following meanings:

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