Note Proceeds Account definition

Note Proceeds Account means the Note Proceeds Account of the Project Fund established under Section 7.3.

Note Proceeds Account means the Note Proceeds Account of the Project Fund, including any subaccounts, established under Section 7.3.

Note Proceeds Account means the Note Proceeds Account of the Project Fund, including any subaccounts for each of the Tax-Exempt Governmental Lender Note and the Taxable Governmental Lender Note, established under Section 7.3.

Examples of Note Proceeds Account in a sentence

• The Fiscal Agent shall have no duty to determine whether any requested disbursement from the Note Proceeds Account of the Project Fund complies with the terms, conditions and provisions of the Funding Loan Documents, constitutes payment of Qualified Project Costs or complies with the other representations in the Written Requisition.

• The Fiscal Agent shall disburse moneys in the Note Proceeds Account of Project Fund for the acquisition, construction and equipping of the Project, to pay other Qualified Project Costs and to pay other costs related to the Project as provided herein as requested by the Borrower pursuant to a Written Requisition in the form attached hereto as Exhibit C.

• Promptly after receipt of a Draw Down Notice, the Funding Lender shall advance proceeds of the Funding Loan in the Remaining Authorized Amount (the “Remaining Funding Loan Proceeds”) into the Note Proceeds Account of the Project Fund to be held for disbursements to the Borrower pursuant to the Funding Loan Documents.

• Before any payment shall be made from the Note Proceeds Account of the Project Fund, the Regulatory Agreement shall have been executed and submitted to a title company for recordation in the official records of San Diego County and there shall be filed with the Fiscal Agent a Written Requisition of the Borrower substantially in the form attached hereto as Exhibit C and approved by the Funding Lender pursuant to the terms, conditions and provisions of the Construction Funding Agreement.

• Promptly after receipt of a Draw-Down Notice, the Funding Lender shall advance proceeds of the Funding Loan in the Remaining Authorized Amount (the “Remaining Funding Loan Proceeds”) into the Tax-Exempt subaccount of the Note Proceeds Account of the Project Fund to be held for disbursements to the Borrower pursuant to the Funding Loan Documents.

More Definitions of Note Proceeds Account

Note Proceeds Account means the Note Proceeds Account of the Project Fund, established under Section 7.3.

Note Proceeds Account means the Note Proceeds Account of the Project Fund established under Section 7.3 hereof.

Note Proceeds Account means a U.S. dollar-denominated note proceeds account (together with any sub-accounts or related accounts, including for term deposits, established in connection therewith) established by, and in the name of, the Company with the Account Bank in accordance with the Note Disbursement and Account Agreement and holding the net proceeds of the Notes issued on the Issue Date upon the release of such net proceeds from the Escrow Account (less amounts used to fund the Note Interest Reserve Account), to be disbursed for the payment of construction and development costs and other Project Costs, including licensing fees and pre-opening costs, of the Phase I Project.

Note Proceeds Account means the account by that name in the Project Fund established pursuant to Section 8.03 hereof.

Note Proceeds Account means the Account (as defined in the Escrow Agreement).

Note Proceeds Account means the account to be established within the General Fund by the Original Purchaser pursuant to Section 7.1 hereof.

Note Proceeds Account means the Note Proceeds Account of the Project Fund, including any subaccounts for each of the Tax-Exempt LACDA Note and the Taxable LACDA Note, established under Section 7.3.