Construction Funds Trustee definition

Construction Funds Trustee means the commercial bank or similar financial institution acting as trustee under the Construction Funds Trust Agreement.
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Construction Funds Trustee shall have the meaning set forth in the Recitals to this Agreement.
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Construction Funds Trustee means [U.S. Bank National Association].
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Examples of Construction Funds Trustee in a sentence

  • TheWithin two (2) Business Days following each monthly disbursement of funds hereunder, the Disbursing Agent shall provide the Construction Funds Trustee with a reasonably detailed settlement statement and reconciliation report demonstrating that disbursements of funds hereunder were applied in accordance with the applicable Master Application for Payment (as and to the extent modified by the applicable Approval Notice).

Related to Construction Funds Trustee

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

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