Examples of Phase 2 Completion Date in a sentence
Prior to the Phase 2 Completion Date, moneys in the Bond Proceeds (Project Costs) Subaccount and the HPTE Capital Subaccount, were disbursed (subject to Section 4.03(e) of the Original Security Agreement) by the Security Trustee to the Concessionaire to pay, or reimburse for a prior payment of construction related Project Costs contemplated in Section 4.03(d)(ii) of the Original Security Agreement (for certainty not including any Debt Service) in the manner and at the time contemplated in such section.
Developer hereby agrees that, subject only to Force Majeure and Section 2.04 hereof, Developer shall Substantially Complete construction of (a) Phase 1 of the Project on or before December 31, 2014 (the "Phase 1 Completion Date") as set forth in the Performance Milestones attached hereto as Exhibit G, and (b) the balance of Phase 2 of the Project on or before the Phase 2 Completion Date set forth in the Performance Milestones attached hereto as Exhibit G.
The Ramp Up Reserve Account was funded on the Phase 2 Completion Date in an amount equal to $6,000,000 from moneys on deposit in the Project Proceeds Account (other than from the Bond Proceeds (Project Costs) Subaccount or the Bond Proceeds (Costs of Issuance) Subaccount).
Additionally, Lessee shall spend a minimum Capital Expenditure amount of Five Million and No/100 Dollars ($5,000,000.00) ("Phase 2 Minimum Capital Expenditure") to complete all the Improvements required in Section 6.2(b) no later than the Phase 2 Completion Date.
Lessee shall provide, upon request, such invoices and other back‐up documentation as may be required by the Aviation Department or the CPA to verify that each phase of Minimum Capital Expenditures has been individually met by Lessee by the respective Phase 1 Completion Date and Phase 2 Completion Date.