CONSTRUCTION FUNDS TRUST AGREEMENTConstruction Funds Trust Agreement • September 26th, 2022 • Nevada
This CONSTRUCTION FUNDS TRUST AGREEMENT (this “Agreement”) is entered into as of March 28, 2018 (the “Effective Date”), by and among (i) LV STADIUM EVENTS COMPANY, LLC, a Nevada limited liability company (“StadCo”), (ii) CLARK COUNTY STADIUM AUTHORITY, a corporate and politic body and political subdivision of Clark County, Nevada (the “Authority”), (iii) JONES LANG LASALLE AMERICAS, INC., in its capacity as construction monitor hereunder (in such capacity, the “Construction Monitor”), and (iv) U.S. BANK NATIONAL ASSOCIATION, a national banking association, not individually but solely as trustee hereunder (together with its successors and assigns in such capacity, the “Trustee”) (each a “Party” and collectively, the “Parties”).
