School Cost Payments definition

School Cost Payments is defined in paragraph G of the Recitals.
View Source
School Cost Payments has the meaning ascribed to such term in the Master Loan Agreement.
View Source
School Cost Payments is defined in paragraph G of the Recitals. “School Improvements” is defined in paragraph C of the Recitals. “School Payment Disbursement” is defined in Section 2.11(b). “School Unit” is defined in paragraph E of the Recitals.
View Source

Examples of School Cost Payments in a sentence

  • Lender shall instruct the Cash Collateral Bank to transfer all other School Cost Payments (i.e., School Cost Payments that do not consist of School Construction Supervision Fee Payments) into a subaccount of the Cash Collateral Account (the “School Cost Control Account”) with the Cash Collateral Bank.

  • Lender shall instruct the Cash Collateral Bank to transfer all School Cost Payments representing School Construction Supervision Fee Payments into a subaccount of the Cash Collateral Account (the “School Purchase Control Account”) with the Cash Collateral Bank.

  • Lender shall instruct the Control Bank to transfer all School Cost Payments representing Land Value Payments and School Construction Supervision Fee Payments into a subaccount (the “School Purchase Control Account”) with the Control Bank.

  • Lender shall instruct the Control Bank to transfer all other School Cost Payments (i.e., School Cost Payments that do not consist of Land Value Payments and School Construction Supervision Fee Payments) into a subaccount (the “School Cost Control Account”) with the Control Bank.

  • Pursuant to the terms of Section 2.2 of the Triparty Agreement, and unless otherwise directed by Lender after an Event of Default occurs, all School Cost Payments shall be paid by SCA depositing such funds on or before the due date thereof under the School Unit Purchase Agreement directly into an account designated by Lender in writing at the Control Bank (the “School Cost and Purchase Control Account”).