Examples of Master DDA in a sentence
Each Master DDA has several subaccounts associated with it, which represents separate accounts in our accounting system and function separately for purposes of deposit and disbursement activity; however, all deposits and disbursements are conducted at the Master account level within the Bank and the activity is allocated to the subaccount daily by the Proposer.
Certain roadways and driveways within the Project Site are currently private streets as set forth in Article 8 and Exhibit N of the Master DDA and shall not be dedicated to the City as public streets but shall remain as privately owned roadways and driveways (“Private Streets”).
The Owner recognizes that the Agency has previously pledged to the Master Developer all tax increment revenues generated from properties located within the “Property” as said term is defined in the Master DDA.
The Agency shall have the right to repurchase the Master DDA Property and all site improvements installed or constructed thereon at a value based upon verified invoices of the Owner setting forth the actual expenditures incurred and paid by the Owner as of the date that a notice of default issued by the Agency has not been cured by the Owner.
The Servicer shall not make any amendment, change or other modification to the terms of the Custodial Agreement, or any other document, agreement or arrangement relating to any of the Master DDA Control Agreement, the Collateral Account Agreement or to its instructions to Obligors required to be made in compliance with this Agreement, unless the Agent shall have consented thereto in each instance.
With respect to the Master DDA Property, at the request of the Owner, the Agency shall assist and cooperate with the Owner in the enforcement of the USAF’s obligations regarding such Master DDA Property, including assigning appropriate rights to the Owner.
The Master DDA contemplates the transformation of the Xxxxx Xxxxxxxx Site into approximately one thousand one hundred twenty (1,126) new units of housing, including the one-for-one replacement of each of the existing two hundred fifty six (256) units at Xxxxx Xxxxxxxx as of the Effective Date.
The Owner will acquire the Master DDA Property subject to the applicable lease agreement which permits Northrop-Grumman to remain as a tenant in the 500 Series Buildings through February 28, 2006, unless the Agency at its sole discretion and election, relocates said tenant earlier or unless the Owner negotiates with Northrop-Grumman for a satisfactory relocation and early termination of the applicable lease agreement.
The Agency shall take all necessary and appropriate steps to provide for the relocation of tenants of each affected Site Parcel that comprise the Master DDA Property except to the extent as provided in Section 2.6(e) in the case of a Third Party Parcel which may be directly acquired by the Owner.
The Master DDA contemplates formation of an Xxxxx Xxxxxxxx Developer that would facilitate construction of the Xxxxx Xxxxxxxx Replacement Projects, with such formation being under an arrangement between Master Developer and a Qualified Housing Developer approved by the Agency.