Pro Rata Funding Suspension Date definition

Pro Rata Funding Suspension Date means the date on which the Authority has funded $700,000,000 to the payment of Project Costs pursuant to this Agreement and the Construction Funds Trust Agreement.
Pro Rata Funding Suspension Date means the date on which the Authority has funded, from the Authority Contribution Trust Account for the payment of Project Costs pursuant to this Agreement and the Construction Funds Trust Agreement, an amount equal to the Authority Contribution Amount less an amount equal to the sum of (i) fifty million dollars ($50,000,000) and (ii) the total amount of the County Credit. For the avoidance of doubt, the “Pro Rata Funding Suspension Date” reflects the date on which the Authority has paid the maximum amount that the Authority is required to fund for the payment of Project Costs pursuant to this Agreement from Pay-Go Tax Proceeds, County Bond Proceeds, and the face value of the Approved Maximum TTC Amount, less the final fifty million dollars ($50,000,000) of Project Costs that are not Cost Overruns and otherwise excluding the County Credit.

Related to Pro Rata Funding Suspension Date

  • Holder Pro Rata Amount means a fraction (i) the numerator of which is the original Principal amount of this Note on the Closing Date and (ii) the denominator of which is the aggregate original principal amount of all Notes issued to the initial purchasers pursuant to the Securities Purchase Agreement on the Closing Date.