Construction Account definition

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

Construction Account shall have the meaning given to such term in the Depositary Agreement.

Construction Account has the meaning assigned to such term in the Accounts Agreement.

Examples of Construction Account in a sentence

• On the Date of Completion of a Project, the balance in the related Series Acquisition and Construction Account not reserved for the payment of any remaining part of the Cost of the Project shall be transferred by the Escrow Agent to the credit of the Series Redemption Account, and used for the purposes set forth for such Account in the Supplemental Indenture relating to such Series of Bonds.

• All funds deposited to the credit of the Bond Fund or Construction Account shall be deposited, held, secured or invested in accordance with the laws of the State of Indiana relating to the depositing, holding, securing or investing of public funds, including particularly IC 5-13, and the acts amendatory thereof and supplemental thereto.

• The Borrower shall promptly deposit all moneys advanced to it by the Government hereunder in a special construction account (hereinafter called "Special Construction Account") in a bank or banks, which shall meet the requirements specified in section 4.3 of the Loan Contract (or such other section thereof as is headed "Deposit of Funds"), and shall hold such moneys in trust for the Government until disbursed.

• The funds in the Construction Account shall be expended only for the purpose of paying the cost of the Projects, refunding the BANs, if issued, or as otherwise required by the Act or for the expenses of issuance of the Bonds or BANs. The cost of obtaining the legal services of Bose McKinney & Evans LLP shall be considered as a part of the cost of the Projects on account of which the BANs and Bonds are issued.

• Moneys in the Special Construction Account shall be used solely for the purposes for which the Advance was made or for such other purposes as may be approved by the RUS.

More Definitions of Construction Account

Construction Account has the meaning given in Section 1.1 of the Depositary Agreement.

Construction Account means bank account number IBAN:in the name of the CBC pursuant to the CBC Account Agreement with the CBC Account Bank, to which amounts corresponding to the aggregate relevant Construction Deposits will be credited.

Construction Account means, with respect to the Project, any account that may be established by the Borrower for the deposit of proceeds of the TIFIA Loan to be applied subsequently to promptly pay or reimburse Eligible Project Costs.

Construction Account means the account created in the Sanitary Sewerage System Fund pursuant to Section 7.02 of the Original Resolution.

Construction Account has the meaning assigned to it in the Collateral Agency Agreement.

Construction Account means the account created by the Issuer as set forth in Section 4.3 of this Indenture.

Construction Account means the "Second Water Quality Construction