GWCCA NSP Cost Account Sample Clauses

GWCCA NSP Cost Account. (a) Pursuant to the Bond Proceeds Funding and Development Agreement, on or prior to the Final Closing Date, the GWCCA and the City will establish, or cause to be established, one or more separate accounts in order to provide for funding the payment of that portion of the Public Contribution being paid by the H/MT Revenue Bonds toward NSP Costs (the “Bond Proceeds Account”). The GWCCA will also cause to be established with a depository bank selected by the GWCCA (which may be the H/MT Revenue Bond Trustee) (the “GWCCA Custodian”), an account (the “Seat Rights Sales Account”), into which account that portion of the Public Contribution attributable to seat rights sales will be deposited. The Bond Proceeds Account and the Seat Rights Sales Account are referred to herein collectively at times as the “GWCCA NSP Cost Account” although the two accounts will be maintained separately.
Sample 1
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GWCCA NSP Cost Account. (a) The Bond Proceeds Funding and Development Agreement contemplates that, on or prior to the Final Closing Date (as defined in the Transaction Agreement), Invest Atlanta will establish, or cause to be established, with the H/MT Revenue Bond Trustee one or more separate accounts in order to provide for funding the payment of that portion of the Public Contribution being paid by the H/MT Revenue Bonds toward NSP Costs (the “Bond Proceeds Account”). The GWCCA will also cause to be established with a depository bank selected by the GWCCA (which may be the H/MT Revenue Bond Trustee (as defined in the Invest Atlanta Rights and Funding Agreement)) (the “GWCCA Custodian”), an account (the “Seat Rights Sales Account” or such other account as defined in the PSL Marketing Agreement), into which account that portion of the Public Contribution attributable to PSL seat rights sales will be deposited. The Bond Proceeds Account and the Seat Rights Sales Account are referred to herein collectively at times as the “GWCCA NSP Cost Account” although the two accounts will be maintained separately.
Sample 1

Related to GWCCA NSP Cost Account

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