Project Account B definition

Project Account B means the account opened by the Borrower pursuant to Section 3.04 (a) of this Agreement, for purposes of providing its counterpart contribution for Part B of the Project;
View Source
Project Account B means the account opened by EdM for purposes of providing its counterpart contribution for Part B of the Project, and referred to in Section
View Source
Project Account B mean the account referred to in Section 3.04 (b) of this Agreement for purposes of providing its counterpart contribution for Part D of the Project, and referred to in Section 3.04 (b) (ii) of this Agreement;
View Source

Examples of Project Account B in a sentence

  • Once the Redeveloper Priority Expense evidence or invoices have been approved by the City, the City shall pay such expense to Redeveloper within two (2) business days from the Project Account B (defined below) established by the City for the Project.

  • The Borrower shall deposit, semiannually, into (i) Project Account A amounts sufficient to replenish the balance of Project Account A to the equivalent of $200,000; and (ii) Project Account B amounts sufficient to replenish the balance of Project Account B to the equivalent of $50,000.

  • Any excess TIF Tax Revenues resulting from the Tax Increment Provision on the Project Site not needed or required to pay for the TIF Indebtedness or for the repayment of Redeveloper’s Aggregate Deficiency Payments, as set forth in Section 704, shall be maintained in the Project Account B and shall be used to reimburse the City for eligible public expenditures.