Construction Reserve Account definition

Construction Reserve Account has the meaning assigned to it in the Collateral Agency Agreement.

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Construction Reserve Account means the “Construction Reserve Account” established and created in the name of the Borrower pursuant to Section 5.01.

Construction Reserve Account has the meaning set forth in the CADA.

Examples of Construction Reserve Account in a sentence

After giving effect to such proposed Borrowing, the Construction Reserve Account shall be funded in an amount greater than or equal to the Construction Reserve Required Amount.
Within 30 days of the date of this Agreement, the General Partner, on behalf of the Partnership, shall open a Construction Reserve Account with a financial banking institution.
Any withdrawals from the Construction Reserve Account shall require the Consent of the Special Limited Partner.
A portion of the Loan in the amount of Two Million Two Hundred Eighty Eight Thousand Seventy One and 09/100ths Dollars ($2,288,071.09) (the “Construction Reserve Funds”) has been funded and is being held by Lender in the Construction Reserve Account.
Following Completion, the payment of all Construction Costs and written request by Borrower, any Construction Reserve Funds remaining in the Construction Reserve Account shall be disbursed to Borrower.

More Definitions of Construction Reserve Account

Construction Reserve Account has the meaning given to such term in the Accounts Agreement.

Construction Reserve Account is defined in Section 7.2. “Construction Reserve Funds” is defined in Section 2.1. “Construction Work” is defined in Section 7.1.

Construction Reserve Account has the meaning ascribed to such term in Section 4.3.

Construction Reserve Account is defined in Section 4.01(c).

Construction Reserve Account is defined in Section 3.1(c).

Construction Reserve Account shall have the meaning assigned to such term in the Cash Collateral and Disbursement Agreement.

Construction Reserve Account means the account entitled "U.S. Bank National Association as Disbursement Agent FAO Inn of the Mountain Gods Resort and Casino Construction Reserve Account" (and as further described in Recital D and on ANNEX 2 hereto) established pursuant to Section 2.2 of this Agreement at the Disbursement Agent's office located at ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, St. ▇▇▇▇, Minnesota 55107-2292, which account is to be maintained by the Disbursement Agent and pledged to the Trustee pursuant to the terms of the Accounts Security Agreement. The Construction Reserve Account will initially be funded with approximately $[ ] million.