Common use of Phase I Project Clause in Contracts

Phase I Project. On the Final Completion Date for the Phase I Project, the Disbursement Agent shall release to the Company any amounts in excess of $30,000,000 then on deposit in the Completion Guaranty Deposit Account. Any amounts so released to the Company from the Completion Guaranty Deposit Amount shall constitute a dividend from the Completion Guarantor to the Company.

Phase I Project. On the Final Completion Date for the Phase I Project, the Disbursement Agent shall permit the release to the Company of any amounts in excess of $30,000,000 then on deposit in the Completion Guaranty Deposit Account. Any amounts so released to the Company from the Completion Guaranty Deposit Amount such release shall constitute be effected as a dividend from the Completion Guarantor to the Company.