Cost Overrun Account definition

Cost Overrun Account or “COA” means the segregated account established pursuant to Section 5.4, or such other account as may be agreed by the Agent and the Borrower from time to time and notified by the Agent to the Secured Parties.
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Cost Overrun Account means the AUD-denominated bank account opened or to be opened by the Issuer prior to Financial Close and designated by the Issuer as the “Cost Overrun Account”, together with any replacement and substitute accounts opened with the prior written consent of the WA Lender, and sub-accounts of those accounts.
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Cost Overrun Account means the deposit account which is established for the payment of Construction Expenses, which shall be subject to a Deposit Account Control Agreement in favor of the Agent for the benefit of the Secured Parties, and into which shall be deposited the proceeds of the Cost Overrun Contributions.
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Examples of Cost Overrun Account in a sentence

  • Other than as provided under paragraph (c) of this Clause 10.7 ( Cost Overrun Account), no amount may be withdrawn from the Cost Overrun Account.

  • Lawlor’s investiga- tion, with respect to its emphasis on writing, provides an interesting complement to the way that I pick up this thread with respect to painting and music.philosophical work is saturated by his continuous reading and reassessment of Husserlian phenomenology, we might say that, in general, Husserl’s term Ineinander functions oper- atively rather than explicitly in Merleau-Ponty’s work; seldom is it brought into the printed publications that Merleau-Ponty produced during his own lifetime.

  • The Contractor must accept, as payment in full for all obligations under this Contract, the MassHealth Capitation Rates and the terms and conditions of payment set forth herein.

  • Negotiation, Mediation and Other Processes, cit., p.110.5 E.A FILLER, Commercial Mediation in Europe.

  • According to Administrative staff, the Aviary’s request of$125,000 would reduce the funding in the CIP Cost Overrun Account to approximately$258,900.

  • The Agent and the Lenders shall be satisfied that (i) each of the Project Revenue Account has been established, (ii) the Cost Overrun Account has been established and is fully funded in cash with the required Cost Overrun Reserve Requirement and (iii) the Maintenance Reserve Account has been established.

  • Essar Global was required to provide to ESML a total of $82 million within 270 days from the Closing Date, with $50 million of that to be deposited into the Cost Overrun Account.


More Definitions of Cost Overrun Account

Cost Overrun Account means the account of that name held and maintained by the Borrower pursuant to Clause 12.7.
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Related to Cost Overrun Account

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Joint Account means an Account opened in more than one name;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • 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.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Expense Account The account established pursuant to Section 10.3(c).

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.