Establishment and Security. 8.6.1.1 No later than the first Business Day of the Handback Period, Developer shall establish a reserve account (the “Handback Reserve Account”) to be held and controlled by a third party (the “Escrow Agent”) to be agreed between the Parties. Within three (3) Business Days of establishing the Handback Reserve Account, Developer shall provide to the Authority the details regarding the Handback Reserve Account, including the name, address and contact information for the depository institution and the account number.
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Establishment and Security. 8.6.1.1 (i) No later than the first Business Day of the Handback Period, Developer the Development Entity shall establish a reserve account (the “Handback Reserve Account”) to be held and controlled by a third party (the “Escrow Agent”) to be agreed between the Parties. Within three (3) Business Days of establishing the Handback Reserve Account, Developer the Development Entity shall provide to the Authority Department the details regarding the Handback Reserve Account, including the name, address and contact information for the depository institution and the account number.
Appears in 3 contracts
Samples: Agreement, Partnership Agreement, Partnership Agreement
