Improvement Account of the Project Fund definition

Improvement Account of the Project Fund means the construction fund account created under the Indenture, funded by the Major Improvement Bonds, and used to pay or reimburse for certain portions of the construction or acquisition of the Major Improvements.
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Improvement Account of the Project Fund means a construction or project fund created under an Indenture, funded by PID Bond Proceeds, and used to pay or reimburse for certain portions of the Authorized Improvements Costs.
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Improvement Account of the Project Fund or "IAPF" means a construction or project fund created under an Indenture, funded by the PID Bond Proceeds, and used to pay or reimburse for certain portions of the construction or acquisition of the Authorized Improvements.
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Examples of Improvement Account of the Project Fund in a sentence

  • Upon such transfers, the Improvement Area #1 Bond Improvement Account of the Project Fund shall be closed.

  • Upon such transfers, the Major Improvement Area Bond Improvement Account of the Project Fund shall be closed.

  • The Assessments shall be reduced if (i) the Authorized Phase 1 Improvements Costs is less, whether due to actual costs being less than budgeted costs and/or certain of the Authorized Phase 1 Improvements not being undertaken, than the sum of the deposit to the Improvement Account of the Project Fund plus interest accrued thereon and/or (ii) the City issues Refunding Bonds.

  • Any funds in the Costs of Issuance Account not needed to pay costs of issuance shall be transferred to (i) the Improvement Account of the Project Fund and used to pay Actual Costs of the Improvement Area #3 Projects or (ii) to the Principal and Interest Account of the Bond Fund and used to pay interest on the Improvement Area #3 Bonds, as directed by the City.

  • Alomari et al [3] demonstrated good performance of GVF based vertebrae disc segmentation by using joint model.

  • If the total cost of the Public Infrastructure in the aggregate for a PID exceeds the total amount of monies on deposit in the Improvement Account of the Project Fund, the Owner shall be solely responsible for the remainder of the costs of such Public Infrastructure, except as provided in Section 7.0 below.

  • Any Improvement Account of the Project Fund shall be administered and controlled (including signatory authority) by the City and funds in the Improvement Account of the Project Fund shall be deposited and disbursed in accordance with the terms of the Bond Indenture.

  • Disbursements from the Developer Reimbursement Fund to pay Improvement Area #1 Project Costs shall be made by the Trustee upon receipt by the Trustee of a properly executed and completed Certificate for Payment; provided, however, that the Trustee shall not disburse any funds to the Developer from the Developer Reimbursement Fund until the Improvement Area #1 Bond Improvement Account of the Project Fund has been fully depleted.

  • DRAFTMoney on deposit in the Reimbursement Fund shall be used to reimburse the Landowner for (i) funds withdrawn from the Landowner Improvement Account of the Project Fund and used to pay costs of Improvement Area #2 Improvements, and (ii) funds transferred from the Landowner Improvement Account of the Project Fund pursuant to Section 6.5(g) hereto, as provided in the Reimbursement Agreement.

  • If, as a result of cost savings or an Improvement Area #1 Project not being constructed, the Actual Costs of completed Improvement Area #1 Projects are less than the Assessments, the City shall direct the Trustee to apply amounts on deposit in the Improvement Area #1 Improvement Account of the Project Fund that are not expected to be used to pay costs of Improvement Area #1 Projects to redeem outstanding Bonds, in accordance with the Indenture.


More Definitions of Improvement Account of the Project Fund

Improvement Account of the Project Fund or “IAPF” means the construction or project fund created under the Indenture, funded by the PID Bond Proceeds, and used to pay or reimburse for certain portions of the construction or acquisition of the Authorized Improvements.
Sample 1
Improvement Account of the Project Fund means the construction fund account created under the Indenture of Trust, funded by the PID Bonds, and used to pay or reimburse for certain portions of the construction or acquisition of the Authorized Improvements.
Sample 1

Related to Improvement Account of the Project Fund

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

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • 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.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

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

  • Costs of the Project means Recipient’s actual costs (including any financing costs properly allocable to the Project) that are (a) reasonable, necessary and directly related to the Project, (b) permitted by generally accepted accounting principles to be Costs of the Project, and (c) are eligible or permitted uses of the Financing Proceeds under applicable state or federal statute and rule.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

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

  • 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.

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

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

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

  • 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.

  • Cost of the Project means and embraces the cost of construction; the cost of all

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

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

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

  • Investment project means an investment in qualified buildings

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general federal income tax principles and in accordance with Section 1.103-8(a)(1) of the Regulations, provided, however, that only such portion of the interest accrued during rehabilitation or construction of the Project (in the case of rehabilitation, with respect to vacated units only) shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the acquisition and construction or rehabilitation of the Project; and provided further that interest accruing after the Completion Date (as defined in the Regulatory Agreement) shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed or rehabilitated by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out of pocket costs incurred by such affiliate in constructing or rehabilitating the Project (or any portion thereof) and (B) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an “affiliated group” (within the meaning of Section 1504 of the Code) participating in the rehabilitation or construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion thereof); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to May 20, 2021, being the date on which the Governmental Lender first declared its “official intent” to reimburse costs paid with respect to the Project (within the meaning of Section 1.150-2 of the Regulations) or the date of issue of the Funding Loan, and (iv) if the costs of the acquisition and construction or rehabilitation of the Project were previously paid and are to be reimbursed with proceeds of the Funding Loan such costs were (A) “preliminary expenditures” (within the meaning of Section 1.150-2(f)(2) of the Regulations) with respect to the Project (such as architectural, engineering and soil testing services) incurred before commencement of acquisition and construction or rehabilitation of the Project that do not exceed 20% of the issue price of the Funding Loan (as defined in Section 1.148-1 of the Regulations), or (B) were capital expenditures with respect to the Project that are reimbursed no later than 18 months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three years after the expenditures is paid); provided, however, that (w) Costs of Funding shall not be deemed to be Qualified Project Costs;(x) fees, charges or profits (including, without limitation, any Developer Fee) payable to the Borrower or a “related person” (within the meaning of Section 144(a)(3) of the Code) shall not be deemed to be Qualified Project Costs; (y) letter of credit fees and municipal bond insurance premiums which represent a transfer of credit risk shall be allocated between Qualified Project Costs and other costs and expenses to be paid from the proceeds of the Funding Loan; and (z) letter of credit fees and municipal bond insurance premiums which do not represent a transfer of credit risk (including, without limitation, letter of credit fees payable to a “related person” to the Borrower) shall not constitute Qualified Project Costs.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Public improvement costs means the costs of: