Authority Contribution Trust Account definition

Authority Contribution Trust Account shall have the meaning set forth in Section 3.2(b)(i) of this Agreement.
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Examples of Authority Contribution Trust Account in a sentence

  • StadCo shall recoup such amounts deposited into the Authority Contribution Trust Account upon the Authority’s issuance of subsequent TTC Certificate(s) and the associated reduction(s) in the TTC Face Value Deposit(s), as more particularly described in Section 3.9(d) hereof.

  • Upon the subsequent achievement of TTC Milestone(s), the associated TTC Face Value Deposit(s) shall be reduced by the amount of such TTC Shortfall Deposit(s) until such time as StadCo shall have received a credit for the total amount of all the TTC Shortfall Deposit(s) made by StadCo into the Authority Contribution Trust Account.

  • StadCo shall use all such proceeds to reimburse itself for amounts deposited into the StadCo Contribution Trust Account or Authority Contribution Trust Account, as applicable, for the payment of Project Costs.

  • The date on which the Authority Catch-Up Amount is fully paid from the Authority Contribution Trust Account is the “Authority Catch-Up Achievement Date”.

  • Upon the subsequent achievement of TTC Milestone(s), the associated TTC Face Value Deposit(s) shall be reduced by the amount of such Last TTC Shortfall Deposit until such time as StadCo shall have received a credit for the total amount of the Last TTC Shortfall Deposit made by StadCo into the Authority Contribution Trust Account.

  • The Parties acknowledge and agree that proceeds generated from StadCo’s sale or transfer of Transferable Tax Credits are not required to be deposited into the StadCo Contribution Trust Account or the Authority Contribution Trust Account.

Related to Authority Contribution Trust Account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Investment Account As defined in Section 3.12(a).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.