Remaining Proceeds. If there are Escrowed Funds remaining after final payment, those funds which are the proceeds of a Lead Hazard Reduction Demonstration Grant Program Loan shall be applied as a principal reduction to the outstanding balance of the loan.
Appears in 1 contract
Sources: Healthy Homes Intervention Construction Escrow Agreement
Remaining Proceeds. If there are Escrowed Funds remaining after final payment, those funds which are the proceeds of a Lead Hazard Reduction Demonstration Grant Program Loan shall be applied as a principal reduction to the outstanding balance of the loan.
Appears in 1 contract
Sources: Construction Escrow Agreement