Examples of Capital Subaccount in a sentence
Prior to the Phase 2 Completion Date, moneys in the Bond Proceeds (Project Costs) Subaccount and the HPTE Capital Subaccount, were disbursed (subject to Section 4.03(e) of the Original Security Agreement) by the Security Trustee to the Concessionaire to pay, or reimburse for a prior payment of construction related Project Costs contemplated in Section 4.03(d)(ii) of the Original Security Agreement (for certainty not including any Debt Service) in the manner and at the time contemplated in such section.
There shall be deposited into the HPTE Capital Subaccount (A) all Interim Capital Payments (as defined in the Concession Agreement) received from HPTE pursuant to the Concession Agreement and, (B) any other moneys received by the Security Trustee that are accompanied by written directions that such moneys are to be deposited into the HPTE Capital Subaccount.
Capital Subaccount Balance as of Prior Payment Date 1,176,410.00 xiv.
On or prior to the date of issuance of the Bonds, the Sole Member shall make an additional contribution to the Company in an amount equal to at least 0.50% of the initial principal amount of the Bonds or such greater amount as agreed to by the Sole Member in connection with the issuance by the Company of the Bonds, which amount the Company shall deposit into the Capital Subaccount (as defined in the Bond Indenture) established by the Bond Trustee as provided under Section 8.02(a) of the Bond Indenture.
The Servicer shall make a Mandatory Post Maturity True-Up Adjustment to replenish any draws upon the Capital Subaccount.