Construction Disbursement Account definition

Construction Disbursement Account means the construction disbursement account to be maintained by the Disbursement Agent and pledged to the Trustee pursuant to the terms of the Cash Collateral and Disbursement Agreement.
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Construction Disbursement Account means the account so designated in Schedule 6 (Accounts).
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Construction Disbursement Account means account number 2952754998 in the name of OpCo established at JPMorgan Chase Bank, N.A. or such other account in replacement or substitution thereof.
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Examples of Construction Disbursement Account in a sentence

  • Assets maintained in the Company Funds Account and the Construction Disbursement Account are owned beneficially by the Borrower and/or OpCo, subject to the terms and conditions of this Agreement and the Account Control Agreements.

  • The Borrower and/or OpCo, shall cause the Construction Disbursement Account to be maintained at all times until the Construction Disbursement Account is permitted to be closed in accordance with Section 4,3.

  • Borrower and/or OpCo have entered into an Account Control Agreement pursuant to which the account bank thereunder has established and maintains the Construction Disbursement Account.

  • The Borrower hereby requests that you, in your capacity as Disbursement Agent under the Disbursement Agreement, on the requested disbursement date set forth above (the “Requested Disbursement Date”) cause the transfer of $[ ] from the Loan Proceeds Account to the Construction Disbursement Account.

  • Subject to an Account Control Agreement, the Borrower and any Loan Party shall be permitted from time to time to draw checks on and otherwise withdraw amounts on deposit in the Construction Disbursement Account to pay Project Completion Costs then due and payable and reflected in the applicable Disbursement Request under which such amounts were transferred to the Construction Disbursement Account.


More Definitions of Construction Disbursement Account

Construction Disbursement Account shall have the meaning assigned to such term in the Disbursement Agreement.
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Construction Disbursement Account has the meaning specified in the Depositary Agreement.
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Construction Disbursement Account has the meaning set forth in Section 1.11.
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Construction Disbursement Account shall have the meaning assigned to such term under subsection 2(c).
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Construction Disbursement Account in the case of Project Linq, means account number [Redacted] in the name of Linq Borrower established as of the date hereof at JPMorgan Chase Bank, N.A. or such account in replacement or substitution thereof, and in the case of Project Octavius, means account number [Redacted] in the name of Octavius Borrower established as of the date hereof at JPMorgan Chase Bank, N.A. or such account in replacement or substitution thereof.
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Construction Disbursement Account means the Construction Disbursement Account (as defined in the Disbursement Agreement) to be maintained by the Disbursement Agent and pledged to the Trustee pursuant to the terms of the Disbursement Agreement.
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Construction Disbursement Account means a special account maintained with the Pledged Account Bank, Account No. 122884-020, in the name of HCS but under the sole dominion and control of the Disbursement Agent as agent for the Trustee hereunder and subject to the terms of the Security Agreement, this Agreement, and a Control Agreement.
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