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 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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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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Examples of Cost Overrun Account in a sentence

  • Adopt an ordinance amending the fiscal year 2006- 2007 budget as proposed by the Administration and the Council, including the following items: A-13, a request for $200,000 to assist the Tracy Aviary, with the understanding that $75,000 will come from General Fund fund balance, and$125,000 will come from the CIP Cost Overrun Account.

  • So long as no Default or Event of Default has occurred and is continuing or would be caused thereby, the Borrower may invest, or direct the investment of, the funds in its Deposit Accounts, other than the Cost Overrun Account, in any Permitted Investment.

  • The Aviary is requesting $75,000 from fund balance and $125,000 from the CIP Cost Overrun Account.

  • 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 making of such Loan, the issuance of such Letter of Credit, and the use of the proceeds thereof and of any disbursement made from the Cost Overrun Account based on any Disbursement Instruction shall not violate Regulations T, U and X of the F.R.S. Board.

  • The Agent shall have received a duly completed Borrowing Request in the case of a Borrowing, a Letter of Credit Request in the case of the issuance of a Letter of Credit, or a Cost Overrun Account Disbursement Request in the case of a Disbursement Instruction.

  • A waiver of all of the Company’s obligations under the Comerica Loan Agreement, and any document ancillary thereto, with respect to the Debt Service Reserve Account, the Maintenance Reserve Account, the Cost Overrun Account and the Punch List Reserve Sub-Account, as such terms are defined respectively in Sections 5.2, 5.3, 5.4 and 5.5 of the Comerica Loan Agreement.

  • 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.


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 3.03 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 means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with 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, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Debt Service Reserve Account as defined in the Depositary 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 Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • 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.

  • Ineligible Expenditures means those expenditures described as ineligible in Schedule C or deemed ineligible by Canada in accordance with Section 4.2.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • 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.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Expense Account The account established and maintained pursuant to Section 3.25.

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