Common use of Application of Proceeds of Bonds Clause in Contracts

Application of Proceeds of Bonds. On the date of issuance of -------------------------------- the Bonds, the proceeds of the Bonds (such amount being equal to $4,100,000) shall be deposited in the Acquisition/Construction Fund pursuant to Section 7.02 and applied as provided therefor.

Appears in 2 contracts

Sources: Trust Indenture (Color Imaging Inc), Trust Indenture (Color Imaging Inc)