Project Capital Costs definition
Examples of Project Capital Costs in a sentence
This Indenture provides for the issuance and payment of the Authority’s obligations and the financing and refinancing of Project Capital Costs.
Proceeds of the sale of the Bonds and Notes issued for capital purposes shall be promptly deposited in the Project Fund established under the Agreement to the extent set forth by Series Resolution, and applied to finance, by payment or reimbursement, Project Capital Costs pursuant to the Act.
The Estimate of Project Capital Costs attached hereto as Exhibit G reflects that Project Capital Costs are projected to exceed five million ($5,000,000).
Escrow Account shall terminate upon completion of the construction of the Project, provided that payment has been made for all Project Capital Costs in accordance with the procedures set forth in this Agreement.
CLWA, on behalf of all Plaintiffs, and ▇▇▇▇▇▇▇▇▇, on behalf of all Defendants, concurrently with execution of this Agreement, shall execute and, thereafter, promptly deliver to City National Bank or other agreed bank instructions for an escrow (the "Project Capital Costs Escrow Account") substantially in the form of Exhibit H-1 hereto.
Within thirty (30) Days after the Effective Date, Defendants shall, jointly and severally, be obligated to make a deposit into the Project Capital Costs Escrow Account of five million dollars ($5,000,000) (“Initial Project Capital Costs Deposit”) to pay Project Capital Costs.
However, in the event that cost savings are achieved such that Project Capital Costs are less than the amounts deposited by Defendants into the Project Capital Costs Escrow Account, any amounts remaining in the Project Capital Costs Escrow Account shall be refunded into the SF Escrow 1 Account (as defined in the Coverage and Claims Settlement Agreement.).
This Project Modification funding obligation for Project Capital Costs is in addition to the obligation for funding Project Capital Costs as defined in Section 1.5.4, for which an amount of ten million dollars ($10,000,000) has been allocated.
Any Project Modification will be funded separately from and is not included in the amounts deposited into the Project Capital Costs Escrow Account as described in Section 1.56.
The Cooperating Respondents shall establish and maintain financial assurances in accordance with the requirements of Section 4.7 for Project Capital Costs and Project O&M Costs (“Financial Assurance”) in a trust fund (“Trust Fund”) established for the benefit of the Water Entities and administered in accordance with the Trust Agreement set forth in Exhibit I hereto.