Filter & Search

Definition: Construction Funds Trust Agreement

Contract Type

Jurisdiction

Country

Include Keywords

Exclude Keywords

Additional filters are available in search

Related Definitions

Construction Funds Trust Agreement means that certain Construction Funds Trust, dated as of the Effective Date, among the Construction Funds Trustee, the Authority and StadCo, providing for the disbursement of the Authority Contribution Amount, the PSL Contribution Amount and the StadCo Contribution Amount for the Stadium Project Improvements, as the same may be amended, amended and restated, restated, supplemented or otherwise modified from time to time.

Construction Funds Trust Agreement means the Construction Funds Trust Agreement, dated as of [ ] effective [ ], by and among StadCo, the Authority and the Construction Funds Trustee, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Construction Funds Trust Agreement shall have the meaning set forth in the Stadium Lease.

Notwithstanding anything to the contrary in this Agreement, including in this Section 3.13, but subject to StadCo’s obligation to comply with Section 8.1 hereof, the Construction Monitor shall not be required to deliver any reporting, information, or certificates to the Authority hereunder or under the Construction Funds Trust Agreement, unless delivery thereof to the StadCo Agent is required to be made pursuant to the terms of the StadCo Credit Facility.
The scope of the monitoring by the Construction Monitor shall include review of progress of work, review of contracts and substantive budget reviews, review of Construction Contract Change Orders, status of approvals and permits, certain matters specified in Section 8.1 hereof, all other matters required of the Construction Monitor under the Construction Funds Trust Agreement, and all matters required of the “independent engineer” under the Act.

Construction Funds Trust Agreement has the meaning assigned to that term in the Development Agreement.

Construction Funds Trust Agreement means that certain Construction Funds Trust Agreement by and among StadCo, the Authority, the State, the Construction Monitor and the Construction Funds Trustee.

Construction Funds Trust Agreement means that certain Construction Funds Trust Agreement, dated as of August 25, 2023, among the Authority, StadCo, the State, Regions Bank, as construction funds trustee, and Xxxxx Xxxx Lasalle Americas, Inc., as construction monitor.

Construction Funds Trust Agreement means the Construction Funds Trust Agreement by and among (i) the Authority, (ii) StadCo, (iii) the State of Tennessee, acting through its Department of Finance & Administration, (iv) Xxxxx Xxxx LaSalle America, Inc., in its capacity as construction monitor thereunder, and (v) Regions Bank, an Alabama state banking corporation, not individually but solely as trustee thereunder to establish such accounts and to accept, hold, track, and disburse various contribution amounts, and other trust funds deposited with it and the earnings thereon in accordance with the terms of such agreement.

Construction Funds Trust Agreement shall have the meaning set forth in the Recitals to this Agreement.

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.
Trust Agreement means the Amended and Restated Trust Agreement, dated as of the Closing Date, between the Seller and the Owner Trustee, as the same may be amended and supplemented from time to time.
Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.