StadCo Capital Projects Fund Custodian Sample Clauses

StadCo Capital Projects Fund Custodian. The StadCo Capital Projects Fund Custodian shall maintain the StadCo Capital Projects Fund on behalf of StadCo and the Authority. The amounts available in the StadCo Capital Projects Fund from time to time shall be invested in Permitted Investments designated by StadCo. The StadCo Capital Projects Fund shall not be pledged for any purpose and may be used only for the purposes provided in this Agreement. The StadCo Capital Projects Fund shall be applied exclusively to fund expenses incurred in connection with Capital Matters. Amounts remaining in the StadCo Capital Projects Fund on the date that is thirty (30) years after the Term Commencement Date shall remain the property of StadCo and the Authority shall not have any right or claim thereto, provided, however, should this Agreement be terminated prior to such date pursuant to the terms of Section
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StadCo Capital Projects Fund Custodian. The StadCo Capital Projects Fund Custodian shall maintain the StadCo Capital Projects Fund on behalf of StadCo and the Authority. The amounts available in the StadCo Capital Projects Fund from time to time shall be invested in Permitted Investments designated by StadCo. The StadCo Capital Projects Fund shall not be pledged for any purpose and may be used only for the purposes provided in this Agreement. The StadCo Capital Projects Fund shall be applied exclusively to fund expenses incurred in connection with Capital Matters which for the sake of clarity, includes any Material Additional Work that constitutes Capital Matters and has been Approved by the Authority Board as provided in this Agreement. Amounts remaining in the StadCo Capital Projects Fund after the Term Expiration Date shall remain the property of StadCo and the Authority shall not have any right or claim thereto, provided, however, should this Agreement be terminated prior to the Initial Term Expiration Date or Extended Term Expiration Date, as applicable, pursuant to the terms of Section 15.4 (Termination) hereof as a result of a StadCo Event of Default, amounts remaining in the StadCo Capital Projects Fund on such date shall be the property of the Authority and StadCo shall not have any right or claim thereto.
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Related to StadCo Capital Projects Fund Custodian

  • Capital Projects 1. Maintenance capital expenditures related to that certain AFE# 136104194BP-M (PRISM ID 32480) at Terminal 2 to replace all fire water piping at Berths 76, 77 and 78 areas of Terminal 2 in Long Beach, CA with new piping. This project will also replace all associated valves, fixtures, monitors, and fire-fighting accessories.

  • CONSTRUCTION INDUSTRY DEVELOPMENT & PROMOTION FUND 19.01 The Employer shall contribute to the Union’s Construction Industry Development and Promotion Fund (the “Industry Fund”) the amount identified at Schedule “A” for each hour worked by each employee covered by this Agreement, and it shall remit such contributions to the Union together with union dues, and in the manner described in the Remittances to the Union article and in the Union’s remittance directives.

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