Construction Escrow definition

Construction Escrow has the meaning provided in Section 3.1(u) of this Agreement.
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Construction Escrow is defined in the Recitals to this Agreement.
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Construction Escrow means the escrow account to be established with the Title Company, or another third party approved by the Authority and the Redeveloper, through which funds will be disbursed to pay for Redevelopment Project Costs.
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Examples of Construction Escrow in a sentence

  • Contractor and Owner agree to comply with the terms of a Construction Escrow Agreement among the Escrow Agent, the Contractor and Owner.If owner does not receive financing to cover the cost of the Contractor’s bid, this Contract is null and void.

  • CAA will hold the Grant Funds in an escrow on behalf of Grantee and make payments to the contractor in accordance with the Construction Escrow Agreement.

  • CAA will hold the Grant Funds in an escrow on behalf of the Applicant and make payments to the contractor in accordance with the Construction Escrow Agreement.

  • CAA will hold the Grant Funds in an escrow on behalf of Grantee and make payments to the contrainctor accordance with the Construction Escrow Agreement.

  • Contractor shall be compensated for services in accordance with said Construction Escrow Agreement.

  • Contractor and Applicant agree to comply with the terms of a Construction Escrow Agreement between the Escrow Agent, the Contractor and Applicant of near or even date herewith.

  • On or promptly following the Final Completion Date, the Project Company will distribute an amount equal to the amounts remaining on deposit in the Construction Escrow Account and the IDC Reserve Account, in the aggregate, upon the occurrence of the Final Completion Date (such amount, the “Aggregate Final Completion Distribution”) to the Company.

  • The Applicant and the Contractor agree to use the dispute resolution process set forth in the Construction Escrow Agreement.

  • Prior to the expiration of the Contingency Period, the parties shall reasonably agree upon the Punchlist Items and the amount of Funds (as defined in the Punchlist and Construction Escrow Agreement) to be escrowed pursuant to the Punchlist and Construction Escrow Agreement.

  • On or promptly following the Final Completion Date, the Project Company will distribute an amount equal to the amounts remaining on deposit in the Construction Escrow Account, upon the occurrence of the Final Completion Date (such amount, the “Aggregate Final Completion Distribution”) to the Company.


More Definitions of Construction Escrow

Construction Escrow has the meaning given in Section 9.1. “Contribution Deadline” has the meaning given in Section 9.1.A. “Conveyance Documents” has the meaning given in Section 4.3.
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Construction Escrow is defined in the Construction Agency Agreement.
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Construction Escrow. An agreement to be entered into by and among Lender, Borrower, and the Construction Escrowee providing for disbursement of Loan proceeds and the issuance of title insurance in connection therewith. CONSTRUCTION ESCROWEE: Chicago Title and Trust Company.
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Related to Construction Escrow

  • construction site means a workplace where construction work is being performed;

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Work means any work in connection with⎯

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction Completion means physical construction of a cleanup action component is complete.

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

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Construction-manager-at-risk means a project delivery method in which:

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction and Demolition Debris means and includes:

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Construction sign means a sign which identifies the architect, engineers, contractors and other individuals or firms involved with the construction of a building, or announces the character of the building or enterprise, which is erected during the building construction period.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.