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 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.
Sample 1Sample 2
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.
Sample 1Sample 2Sample 3

Examples of Improvement Account of the Project Fund in a sentence

  • As required by Section 6.5(d) of the Indenture, the costs for the Authorized Improvement shall be paid as follows: Improvement: Amount to be paid from the Improvement Account of the Project Fund Total Cost of Improvement Attached hereto, are receipts, purchase orders, Change Orders, and similar instruments which support and validate the above requested payments.

  • Upon the final acceptance by City of an Authorized Improvement and payment of all outstanding invoices for such Authorized Improvement, and only if the Authorized Improvement Cost is less than the Budgeted Cost (a "Cost Underrun"), any remaining funds in the Improvement Account of the Project Fund will be available to pay Cost Overruns on any other Authorized Improvement.

  • 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.

  • The Developer represents and warrants that (i) it will not request payment from the Improvement Account of the Project Fund for the acquisition or construction of any improvements that are not part of the Authorized Improvements, and (ii) it will diligently follow all procedures set forth in this Agreement with respect to the Certificate for Payments.

  • The Improvement Account of the Project Fund for each issue of PID Bonds shall be administered and controlled by the City and funds in the Improvement Account of the Project Fund shall be deposited and disbursed in accordance with the tenns of the Indenture associated with the PID Bonds issued to finance property in such PID.


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 Authorized Improvements Costs.
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 3.04 (a) 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 accounts referred to in Section 3.03 (a) of this Agreement;

  • 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 all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • 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 any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • 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 shall have the meaning given to it in the Regulatory Agreement.

  • 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: