Master Application for Payment definition

Master Application for Payment shall have the meaning assigned to that term in the Construction Funds Trust Agreement.

Master Application for Payment means the master application for payment in substantially the form of Exhibit A attached to the form of Funding Notice, or such other form of master application for payment as is required to be delivered to the Construction Monitor and the FinanceCo Agent from time to time under the FinanceCo Credit Facility.

Master Application for Payment shall have the meaning set forth in Section 3.4(b) of this Agreement.

Examples of Master Application for Payment in a sentence

• This adjustment would become effective after Master Application for Payment No. 43 is finalized.

• This adjustment would become effective after Master Application for Payment No. 37 is finalized.

• This adjustment would become effective after Master Application for Payment No. 35 is finalized.

• This adjustment would become effective after Master Application for Payment No. 34 is finalized.

• This adjustment would become effective after Master Application for Payment No. #33 is finalized.

• This adjustment would become effective after Master Application for Payment No. 27 is finalized.

• To the extent that the Trust Disbursement Amount is less than the amount requested in the applicable Master Application for Payment, such amount shall, except as provided by Section 10.15 hereof, be retained by the Trustee in the applicable Accounts and Subaccounts from which such amounts would otherwise have been funded pursuant to Section 3.4(d) or Section 3.4(e) hereof, as applicable.

• Section 2.02 The funds received from the Construction Funds Trustee shall be available for disbursement to the parties set forth in the applicable Master Application for Payment, upon satisfaction of the conditions set forth in this Agreement to pay for or reimburse for the payment of Project Costs, all as provided in the Development Agreement and in the applicable Master Application for Payment.

• Within seven (7) Business Days following each monthly disbursement of Trust Funds hereunder, the Disbursing Agent shall provide the Trustee with a reasonably detailed settlement statement and reconciliation report demonstrating that disbursements of the Trust Funds hereunder were applied in accordance with the applicable Master Application for Payment.

• Mary Fox-Stroman, the Director of Finance at the MSFA, stated that Closeout of the Stadium construction process was completed and the final Master Application for Payment (MAP) #71, dated April 1, 2020, was submitted to the trustee and the disbursing agent for final payment processing.