Examples of Project Fund in a sentence
Beginning on the Effective Date, Conservancy shall place all gifts, grants, contributions and other revenues received by Conservancy and identified with the Project into a Project Fund to be used for the sole benefit of the Project's mission as that mis - sion may be defined by the Committee from time to time with the approval of Conservancy.
The Lessee hereby grants to the Lessor a first priority and perfected lien on the amounts held in the Project Fund and a security interest in the Project Fund and any attachments, replacements, additions and proceeds therefrom, and all proceeds (cash and non-cash) thereof, as collateral securing the Lessee’s obligations hereunder and under the Lease/Purchase Agreement and this Escrow Agreement.
If a Successor has Qualified, the balance of assets in the Project Fund, together with any other assets held or liabilities incurred by Conservancy in connec- tion with the Project, shall be transferred to the Successor within thirty (30) days of the approval of the Successor in writing by both Parties or any extension thereof, subject to the approval of any third parties that may be required.
Money in the Series 2022 A Note Fund shall be used solely for the purposes described herein and in the Redevelopment Contract; and A special trust fund called the “Lexington Self Storage Redevelopment Project Fund – Series 2022 A Note” (the “Series 2022 A Project Fund”).
It is the intent of the Parties that this Agreement be interpreted to provide Conservancy with variance powers necessary to enable Conservancy to treat the Project Fund as Conservancy's asset in accordance with Financial Accounting Statement No. 136 issued by the Financial Accounting Standards Board, while this Agreement is in effect.