Common use of Possible Deficiencies Clause in Contracts

Possible Deficiencies. A. If at any time it shall appear to the Escrow Bank that the money and any interest on and principal of the Federal Securities in escrow allocable for such use under this Agreement, including, without limitation, the known minimum yield from the Initial Federal Securities, will not be sufficient to make any required payment due on the Refunded Bond Requirements as the same becomes due, the Escrow Bank shall notify in writing the Treasurer as soon as reasonably practicable of such fact and the amount of such deficiency. B. Thereupon the Agency shall forthwith pay to the Escrow Bank for deposit in the Escrow Account such additional moneys as may be required. C. The Escrow Bank shall in no manner be responsible for the Agency’s failure to make any such deposit.