StadCo Contribution Amount definition
Examples of StadCo Contribution Amount in a sentence
StadCo and the Authority hereby further acknowledge and agree that all Additional Initial StadCo Contributions shall be included in the StadCo Contribution Amount, including for the purpose of determining the occurrence of the Authority Catch-Up Achievement Date (as defined below).
Notwithstanding the foregoing, the Approval of StadCo shall not be required in connection with any sale, transfer, pledge, hypothecation, assignment or mortgage of any revenues derived from the sale of stadium builder’s licenses made in connection with the financing of the StadCo Contribution Amount.
The Insurance Proceeds shall be payable to each of StadCo (or Leasehold Mortgagee on its behalf to the extent required by the Leasehold Mortgage) and the Authority in the same proportion as amounts contributed by such entity with respect to the Authority Contribution Amount (as to the Authority) and the StadCo Contribution Amount (as to StadCo on behalf of any Leasehold Mortgagee funding all or a portion of the StadCo Contribution Amount), respectively, bears to the aggregate of the Project Contributions.
The Insurance Proceeds shall be payable to each of StadCo and the Authority in the same proportion as amounts contributed by such entity with respect to the Authority Contribution Amount (as to the Authority) and the StadCo Contribution Amount (as to StadCo on behalf of any Leasehold Mortgagee funding all or a portion of the StadCo Contribution Amount), respectively, bears to the aggregate of the Project Contributions.
The TTC Face Value Deposits and funds for the payment of the TTC Shortfall and/or Last TTC Shortfall shall not be deemed to be included as part the StadCo Contribution Amount, and instead shall be deemed to be included as part of the Authority Contribution Amount.
Pursuant to Section 3.2(d)(i) of the Development Agreement, from and after the Authority Catch-up Achievement Date until the Section 35(2)(b) Date (subject to StadCo’s obligation to fund Cost Overruns), on or before the [third] Business Day after the [22nd] day of each month, StadCo shall deposit the proceeds of a StadCo Source of Funds constituting a portion of the StadCo Contribution Amount to the StadCo Contribution Trust Account and the appropriate Subaccounts therein.
In addition, and to the extent applicable at any time prior to the Final Authority Contribution Date, on or before the [third] Business Day following the [22]nd day of the month, StadCo shall deposit the proceeds of a StadCo Source of Funds constituting a portion of the StadCo Contribution Amount to the StadCo Contribution Trust Account and the appropriate Subaccounts therein in an amount equal to the Authority Contribution Shortfall for such month.
StadCo shall deposit into the Construction Funds Trust for allocation to the Project Account established for deposit of the StadCo Contribution Amount (the “StadCo Contribution Trust Account”) proceeds of the StadCo Source of Funds in such amounts and at such times as may be required to timely pay Project Costs and satisfy the terms of this Agreement.
Pursuant to Section 3.2(d)(i) of the Development Agreement, from and after the Authority Catch-up Achievement Date until the Section 35(2)(b) Date (subject to StadCo’s obligation to fund Cost Overruns), on or before the third Business Day after the 22nd day of each month, StadCo shall deposit the proceeds of a StadCo Source of Funds constituting a portion of the StadCo Contribution Amount to the StadCo Contribution Trust Account and the appropriate Subaccounts therein.
The Additional Initial StadCo Contribution shall be included in the StadCo Contribution Amount, including for the purpose of determining the occurrence of the Authority Catch-Up Achievement Date (as defined below).