Construction Disbursement Account definition

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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Construction Disbursement Account means the account to be maintained by the Disbursement Agent and pledged to the Trustee pursuant to the terms of the Cash Collateral and Disbursement Agreement, into which approximately $31.9 million of the net proceeds of the Offering shall be deposited.
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Examples of Construction Disbursement Account in a sentence

  • Investment income from amounts on deposit in the Company Funds Account or the Construction Disbursement Account shall be held in such account and applied for the purposes applicable to such account pursuant to this Agreement.

  • The initial payments pursuant to this Section 3.3 shall be made as promptly as practicable following the initial deposits into the Construction Disbursement Account but prorated for the partial month.

  • 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.

  • Concurrently with the execution and delivery of this Agreement, the Borrowers shall enter into an Account Control Agreement pursuant to which the account bank thereunder shall establish and maintain a separate Construction Disbursement Account for each Project.

  • 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.


More Definitions of Construction Disbursement Account

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 shall have the meaning assigned to such term in the Disbursement Agreement.
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Construction Disbursement Account has the meaning set forth in Section 1.11.
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Construction Disbursement Account has the meaning specified in the Depositary Agreement.
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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 a disbursement account for Borrower maintained with Lender into which disbursements of Loan Proceeds shall be deposited in accordance with this Agreement.
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