Common use of StadCo Contribution Trust Account Clause in Contracts

StadCo Contribution Trust Account. The Trustee shall establish the StadCo Contribution Trust Account and the following Subaccounts thereto: (1) a Subaccount to receive, hold, and disburse the funds to be provided to StadCo by FinanceCo pursuant to the StadCo Credit Facility (the “StadCo Credit Facility Subaccount”), (2) a Subaccount to receive, hold, and disburse funds to be provided to StadCo by Ventures pursuant to the NFL G-4 Facility (the “NFL G-4 Facility Subaccount”), and (3) a Subaccount to receive, hold, and disburse the funds to be provided by StadCo to pay for any Cost Overruns pursuant to the Development Agreement (the “StadCo Cost Overrun Subaccount”). The Trustee shall, as and when requested by StadCo in writing, establish additional Subaccounts to contain proceeds from any additional StadCo Source of Funds.

Appears in 3 contracts

Samples: Construction Funds Trust Agreement, Construction Funds Trust Agreement, Construction Funds Trust Agreement

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StadCo Contribution Trust Account. The Trustee shall establish the StadCo Contribution Trust Account and the following Subaccounts thereto: (1) a Subaccount to receive, hold, and disburse the funds to be provided to StadCo by FinanceCo pursuant to the StadCo Credit Facility (the “StadCo Credit Facility Subaccount”), (2) a Subaccount to receive, hold, and disburse funds to be provided to StadCo by Ventures pursuant to the NFL G-4 Facility (the “NFL G-4 Facility Subaccount”), and (3) a Subaccount to receive, hold, and disburse the funds to be provided by StadCo to pay for any Cost Overruns pursuant to the Development Agreement (the “StadCo Cost Overrun Subaccount”). The Trustee shall, as and when requested by StadCo XxxxXx in writing, establish additional Subaccounts to contain proceeds from any additional StadCo Source of Funds.

Appears in 1 contract

Samples: Construction Funds Trust Agreement

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StadCo Contribution Trust Account. The Trustee shall establish the StadCo Contribution Trust Account and the following Subaccounts thereto: (1) a Subaccount to receive, hold, and disburse the funds to be provided to StadCo by FinanceCo pursuant to the StadCo Credit Facility (the “StadCo Credit Facility Subaccount”), (2) a Subaccount to receive, hold, and disburse funds to be provided to StadCo by Ventures pursuant to the NFL G-4 Facility (the “NFL G-4 Facility Subaccount”), and (3) a Subaccount to receive, hold, and disburse the funds to be provided by StadCo to pay for any Cost Overruns pursuant to the Development Agreement (the “StadCo Cost Overrun Subaccount”). The Trustee shall, as and when requested by StadCo in writingStadCo, establish additional Subaccounts to contain proceeds from any additional StadCo Source of Funds.

Appears in 1 contract

Samples: Construction Funds Trust Agreement

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