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 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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Examples of Developer Improvement Account in a sentence

  • 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.

  • 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.

  • 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.


More Definitions of Developer Improvement Account

Developer Improvement Account means the Account of such name established pursuant to Section 6.1.
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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.

  • Home improvement means the remodeling, altering,

  • Home improvement contract means an oral or written

  • Public improvement means projects for construction, reconstruction or major renovation on real property by or for a public agency. “Public Works” shall mean roads, highways, buildings, structures and improvement of all types, the construction, reconstruction, major renovation or painting of which is carried on or contracted for by any public agency to serve the public interest by does not include the reconstruction or renovation of privately owned property which is leased by a public agency.

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

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