Withdrawal from Handback Reserve Account. (i) Subject to Section 8.5(c)(ii), the Development Entity shall be entitled to withdraw funds from the Handback Reserve Account in such amounts and at such times as needed only to pay for Renewal Work that was taken into account in the calculation of the Handback Reserve Amount.
Appears in 4 contracts
Samples: Agreement, Transportation Partnership Agreement, Partnership Agreement
Withdrawal from Handback Reserve Account. (i) 8.6.3.1 Subject to Section 8.5(c)(ii)8.6.3.2, the Development Entity Developer shall be entitled to withdraw funds from the Handback Reserve Account in such amounts and at such times as needed only to pay for Renewal Work the improvement, repair, renewal or replacement of any Residual Element that was taken into account in the calculation of the Handback Reserve Amount.
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Withdrawal from Handback Reserve Account. (i) Subject to Section 8.5(c)(ii8.7(c)(ii), the Development Entity shall be entitled to withdraw funds from the Handback Reserve Account in such amounts and at such times as needed only to pay for Renewal Work that was taken into account in the calculation of the Handback Reserve Amount.
Appears in 1 contract
Samples: Partnership Agreement
