Construction Reserve Account has the meaning assigned to it in the Collateral Agency Agreement.
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
No later than on the Project Completion Date, the Sponsor shall make, or cause the Parent to make, an Equity Contribution, to be deposited in the Debt Service Payment Account, in the amount necessary, if any, for the Borrower to make in full the Mandatory Prepayment contemplated by Section 3.06(c)(x) (Project Completion Prepayment) of the Loan Agreement, after giving effect to the transfer contemplated in Section 2.10(c) (Construction Reserve Account) of the Accounts Agreement.
As of any date, any Account Shortfall shall exist in the Construction Reserve Account and such Account Shortfall is not eliminated within five Business Days after the occurrence thereof.
More Definitions of Construction Reserve Account
Construction Reserve Account has the meaning ascribed to such term in Section 4.3.
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 given to such term in Section 1.01(c) (Definitions) of the Accounts Agreement.
Construction Reserve Account has the meaning given such term in the Amended Security Agreement.
Construction Reserve Account is defined in Section 3.1(c).
Construction Reserve Account is defined in Section 4.01(c).
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 00 Xxxxxxxxxx Xxxxxx, St. Xxxx, 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.