Developer Improvement Account definition

Developer Improvement Account means the Account in the Project Fund established pursuant to Section 6.1 of this Indenture.
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Developer Improvement Account means the construction fund account created under the Indenture, funded by Developer, and used to pay for portions of the acquisition, design, and construction of the Authorized Improvements.
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Developer Improvement Account means the Account of such name established pursuant to Section 6.1.
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Examples of Developer Improvement Account in a sentence

  • Although the terms by which Xxxxxxxxx will be entitled to reimbursement from the IAPF and release of funds from the Developer Improvement Account shall be detailed in one or more PID Reimbursement Agreement(s), Developer will generally be entitled to the maximum available funds within the Indenture Accounts up to the Authorized Improvements Cost, plus interest, following the City’s acceptance of the Authorized Improvements.

  • Any money on deposit in the Developer Improvement Account shall not be a part of the Trust Estate and is not security for the Bonds.

  • The City shall (i) make payment under the approved or partially approved Certificate for Payment from the City Project Fund, or (ii) deliver the approved or partially approved Certificate for Payment or Certificate for Payment – Developer Improvement Account, to the trustee under the applicable Indenture for payment from the Bond Improvement Account or the Developer Improvement Account, as applicable, and such trustee shall make the disbursements as quickly as practicable thereafter.

  • The City shall also conduct such review as is required in its discretion to confirm the matters certified in the Certificate for Payment or Certificate for Payment – Developer Improvement Account.

  • The IAPF and the Developer Improvement Account shall be administered and controlled by the City, or the trustee bank for the PID Bonds, and funds in the IAPF and the Developer Improvement Account shall be deposited and disbursed in accordance with the terms of the Indenture.

  • After reviewing the Certificate for Payment, the City approves the Certificate for Payment and shall include said payments in the City Order (as defined in the Indenture) submitted to the Trustee directing payments to be made from the Developer Improvement Account of the PID Project Fund in accordance with the Indenture to the Developer or to any person designated by the Developer.


More Definitions of Developer Improvement Account

Developer Improvement Account means the account under the PID Project Fund established by an Indenture relating to the PID Bonds issued for an Improvement Area into which the Developer will deposit funds to pay for the Actual Costs of the Authorized Improvements benefitting such Improvement Area as described in the Indenture.
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Related to Developer Improvement Account

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Home improvement contractor or "contractor" means a person who sells goods and services, or agrees to furnish or render services, to a retail buyer pursuant to a home improvement installment contract, or sells goods and services to a retail buyer pursuant to a home improvement charge agreement, but not in connection with construction of new homes.

  • Home improvement means the remodeling, altering,

  • Home improvement contract means an oral or written

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Project Improvements means site improvements and facilities that are:

  • Development Project means a project for the development of land within a

  • The Works/ Project means the works to be executed or done under this contract.