School Facilities Account definition

School Facilities Account means the account by that name established pursuant to Section 3.1.
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School Facilities Account means the account of that name established under, and held by the Fiscal Agent pursuant to, the provisions of the Fiscal Agent Agreement.
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School Facilities Account means an account established by the Indenture as described in Section 8.2(e)(iv) herein.
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Examples of School Facilities Account in a sentence

  • The late charges will be deposited into the 2002, 2004, or 2006 Charter School Facilities Account.

  • Amounts in the School Facilities Account shall be disbursed at the direction of an Authorized Officer, from time to time, to finance the acquisition and construction of the School District Facilities in accordance with the provisions of this Agreement and the School District JCFA.

  • When the Incremental Payment Obligation is fully satisfied, all funds remaining in the Incremental Payment Subaccount shall be transferred to the Project Subaccount of the School Facilities Account to be used by School District in accordance with applicable law.

  • The “School Facilities Account” shall include two subaccounts designated in the Indenture as the “Project Subaccount” and the “Incremental Payment Subaccount.” Of the amount of net proceeds of the Bonds deposited in the School Facilities Account pursuant to Section 8.2(e)(iv) above, 100% shall be deposited in the Incremental Payment Subaccount until the Incremental Payment Obligation has been fully satisfied.


More Definitions of School Facilities Account

School Facilities Account means the account by that name established in the Improvement Fund pursuant to Section 3.1.
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Related to School Facilities Account

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.