Common use of StadCo Contribution Amount Clause in Contracts

StadCo Contribution Amount. 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. In addition, for the avoidance of doubt, StadCo shall also deposit into the Authority Contribution Trust Account the TTC Face Value Deposits in accordance with Section 3.4 above (reduced, if applicable, by the amount of the TTC Shortfall and/or the Last TTC Shortfall as provided in Section 3.9(d)(ii) and Section 3.9(d)(iv) below, as applicable), and shall also deposit into the Authority Contribution Trust Account funds for the payment of Project Costs on account of the TTC Shortfall and/or the Last TTC Shortfall, if applicable, as provided in Section 3.9(d)(ii) and Section 3.9(d)(iv) below. 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. All such deposits shall be made by wire transfer of federal funds.

Appears in 3 contracts

Sources: Development Agreement, Development Agreement, Development Agreement