Completion Reserve Account means account no. 00000000 established and maintained by the Paying Agent pursuant to Section 2.17 in the name of the Borrower Representative and entitled “Xxxxx Fargo Bank, N.A., as Paying Agent, in trust for the Borrowers – Completion Reserve Account # 00000000” or such other account established at the Paying Agent (or any successor) as may be designated in writing from time to time by the Administrative Agent.
Completion Reserve Account means the completion reserve account to be maintained by the Disbursement Agent and pledged to the Trustee pursuant to the terms of the Cash Collateral and Disbursement Agreement, into which $5.0 million of the proceeds of the Offering will be deposited.
Completion Reserve Account means the segregated account of Texas Resort Owner for completion of the Project pursuant to the Senior Loan Agreement.
Examples of Completion Reserve Account in a sentence
Cash receipts of any type and in any amount must be deposited in the Canton checking account no later than 14 calendar days after receipt by a Canton officer.
Warrants related to the Completion Reserve Account that are issued by the Borrower or any Affiliate thereof to any Lender or the Administrative Agent shall be fully exercisable within the time period described in Section 1.3.4(c) of the Disbursement Agreement.
More Definitions of Completion Reserve Account
Completion Reserve Account shall have the meaning assigned to such term under subsection 2(c).
Completion Reserve Account has the meaning given in Section 5.3(g) of the Depositary Agreement.
Completion Reserve Account has the meaning set forth in the Disbursement Agreement.
Completion Reserve Account as defined in Section 2.20.4.
Completion Reserve Account has the meaning specified in the Depositary Agreement.
Completion Reserve Account means the account to be maintained by the Disbursement Agent and pledged to the Trustee, pursuant to the terms of the Cash Collateral and Disbursement Agreement, into which approximately $5.0 million of the proceeds of the Offering shall be deposited.
Completion Reserve Account has the meaning assigned to such term in the Construction Period Depositary Agreement.