Company Project Cost Subaccount definition

Company Project Cost Subaccount means that portion of the Project Cost Account of the Development Program Fund set aside for the Company as allowed for in the Financial Plan Section of the Development Program and established and maintained pursuant to Article II hereof.
Sample 1Sample 2Sample 3
Company Project Cost Subaccount means that portion of the Project Cost Account of the Development Program Fund for the property in the District constituting the Company Project set aside for the Company established and maintained according to Article II hereof.
Sample 1Sample 2
Company Project Cost Subaccount means that portion of the Project Cost Account of the Development Program Fund set aside for Rynel as described in the Financial Plan Section of the Amended and Restated Development Program and established and maintained pursuant to Article II hereof.
Sample 1

Examples of Company Project Cost Subaccount in a sentence

  • The Town shall allocate the Tax Increment Revenues so deposited in the Development Program Fund to the Company Project Cost Subaccount and to the Town Project Cost Subaccount as shown in Table 1.

  • All monies in the Development Program Fund that are allocable to and/or deposited in the Company Project Cost Subaccount shall in all cases be used and applied to fund fully the Town's payment obligations to the Company as described in Articles II and III hereof.

  • The Company shall have the right to initiate and maintain an action to specifically enforce the Town’s obligations hereunder, including without limitation, the Town’s obligation to deposit Tax Increment Revenues to the Company Project Cost Subaccount and its obligation to make payment out of the Company Project Cost Subaccount to the Company.

  • All monies required to be deposited with or paid into the Company Project Cost Subaccount under the provisions hereof and the provisions of the Development Program, and any investment earnings thereon, shall be held by the Town for the benefit of the Company.

  • If the amounts then on deposit in the Company Project Cost Subaccount are less than the amount of the Easement Payment, then the Town shall pay the Company, within thirty (30) days following each of the subsequent Tax Payment Dates, amounts then on deposit in the Company Project Cost Subaccount until the full amount of the Easement Payment has been paid to the Company.

  • Except as permitted hereunder, the Town shall not sell, lease, pledge, assign or otherwise dispose, encumber or hypothecate any interest in the Company Project Cost Subaccount and will promptly pay or cause to be discharged or make adequate provision to discharge any lien, charge or encumbrance on any part thereof not permitted hereby.

  • In the event that the cumulative TIF Revenues deposited in the Company Project Cost Subaccount pursuant to the CEA through Tax Year 20 are less than $9,600,000, then until the cumulative TIF Revenues deposited in the Company Project Cost Subaccount equals $9,600,000, the percentage of Increased Assessed Value that is captured shall continue at 90% with 90% of the resulting TIF Revenues deposited in the Company Project Cost Subaccount and 10% deposited in the Town Project Cost Subaccount.

  • The Town’s obligations hereunder shall not constitute a general debt or a general obligation or charge against or pledge of the faith and credit or taxing power of the Town, the State of Maine, or of any municipality or political subdivision thereof, but shall be payable solely from that portion of Tax Increment Revenues payable to the Company hereunder, whether or not actually deposited into the Company Project Cost Subaccount.

  • If the amounts then on deposit in the Company Project Cost Subaccount are less than the amount of the Design Phase Payment, then the Town shall pay the Company, within thirty (30) days following each of the subsequent Tax Payment Dates, amounts then on deposit in the Company Project Cost Subaccount until the full amount of the Design Phase Payment has been paid to the Company.

  • ARTICLE IVPLEDGE AND SECURITY INTEREST Section 4.1. Pledge of and Grant of Security Interest in the Company Project Cost Subaccount.

Related to Company Project Cost Subaccount

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Restoration Retainage as used in this Subsection 7.4(b) shall mean an amount equal to 10% of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until such time as the Casualty Consultant certifies to Lender that Net Proceeds representing 50% of the required Restoration have been disbursed. There shall be no Restoration Retainage with respect to costs actually incurred by Borrower for work in place in completing the last 50% of the required Restoration. The Restoration Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Subsection 7.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration. The Restoration Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Subsection 7.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Restoration Retainage, provided, however, that Lender will release the portion of the Restoration Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, and the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company insuring the lien of the Security Instrument. If required by Lender, the release of any such portion of the Restoration Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Expense Account The account established pursuant to Section 10.3(c).

  • Total Project Cost means the lowest of the following:

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • PIP means personal injury protection coverage provided as part of an automobile insurance policy issued in New Jersey. PIP refers specifically to provisions for medical expense coverage.

  • Anticipated county property tax revenue availability means the

  • Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.