Hyatt Gaming Construction Disbursement Account definition

Hyatt Gaming Construction Disbursement Account shall have the meaning assigned to such term under subsection 2(c).
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Hyatt Gaming Construction Disbursement Account means the account to be maintained by the Disbursement Agent and pledged to Hyatt Gaming pursuant to the terms of the Cash Collateral and Disbursement Agreement, into which approximately $5.2 million of the proceeds of the offering of the Second Mortgage Notes will be deposited.
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Hyatt Gaming Construction Disbursement Account has the meaning set forth in the Recital C.4.
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Examples of Hyatt Gaming Construction Disbursement Account in a sentence

  • When any cash or other proceeds are released from any existing escrow account or security deposit made by or held for the benefit of the Company, the Company shall cause such cash or other proceeds to be deposited into the Construction Disbursement Account and the Hyatt Gaming Construction Disbursement Account on a pro rata basis promptly following the release of such cash or other proceeds.

  • When any cash or other proceeds are released from any existing escrow account or security deposit made by or held for the benefit of the Borrower, Borrower shall cause such cash or other proceeds to be deposited into the Construction Disbursement Account and the Hyatt Gaming Construction Disbursement Account on a pro rata basis promptly following the release of such cash or other proceeds.

  • All disbursements from the Construction Disbursement Accounts shall be made pro rata based on the proportionate amounts (or, in the case of any securities held in such Accounts, the fair market value of such securities) held in the Trustee Construction Disbursement Account and Hyatt Gaming Construction Disbursement Account, respectively, on the date immediately prior to such disbursement.

  • Specifically, Lender has deposited approximately Five Million Two Hundred Thousand Dollars ($5,200,000) into the Hyatt Gaming Construction Disbursement Account, Seven Hundred Thousand Dollars ($700,000) into the Hyatt Gaming Completion Reserve Account and One Million Six Hundred Thousand Dollars ($1,600,000) into the Closing Escrow Account.

Related to Hyatt Gaming Construction Disbursement Account

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

  • WTO GPA country construction material means a construction material that—

  • Caribbean Basin country construction material means a construction material that—

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

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Foreign construction material means a construction material other than a domestic construction material.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Free Trade Agreement country construction material means a construction material that—

  • Interconnection Construction Service Agreement means the agreement entered into by an Interconnection Customer, Interconnected Transmission Owner and the Transmission Provider pursuant to Tariff, Part VI, Subpart B and in the form set forth in Tariff, Attachment P, relating to construction of Attachment Facilities, Network Upgrades, and/or Local Upgrades and coordination of the construction and interconnection of an associated Customer Facility. A separate Interconnection Construction Service Agreement will be executed with each Transmission Owner that is responsible for construction of any Attachment Facilities, Network Upgrades, or Local Upgrades associated with interconnection of a Customer Facility.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Construction and Demolition Debris means and includes:

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Least developed country construction material means a construction material that—

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

  • Scheduled Construction Period means the period commencing from the Appointed Date and ending on Scheduled Completion Date;

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.