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.
Examples of Construction Fund in a sentence
The Company agrees that if after exhaustion of the moneys in the Construction Fund, including the proceeds of either the Series 2023 Bonds, the Company should elect, in its sole discretion, to pay pursuant hereto any portion of the Costs of Construction of the Project, it shall not be entitled to any reimbursement therefor from the Issuer, the Trustee, or the holders of any of the Bonds.
The Issuer does not make any warranty, either express or implied, that the moneys, which will be paid into the Construction Fund and which under the provisions of this Financing Agreement will be available for payment of the costs of the construction of the Project, will be sufficient to pay all the costs which will be incurred in that connection.
More Definitions of Construction Fund
Construction Fund means the Construction Fund created and established in Section 5.6 of the Indenture.
Construction Fund means the fund by that name referred to in Section 501.
Construction Fund means the account (regardless of its name) identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.
Construction Fund means the separate and segregated fund or account established and created by the Participant pursuant to the Authorizing Instrument to receive proceeds of the Bonds and from which Eligible Costs of the Project may be paid by the Participant.
Construction Fund means the fund established by the Issuer as set forth in Section 4.3 of this Indenture.
Construction Fund means the fund of that name created pursuant to Section 3.1 hereof.
Construction Fund means the amounts to be used for