UNEXPENDED MONEYS Clause Samples
UNEXPENDED MONEYS. If proceedings for execution and approval of the Transfer Agreement are unsuccessful and are terminated or abandoned prior to the issuance of approval by the PUC, the City Manager shall transfer to the Owner all Moneys, including any interest earnings thereon, then on deposit in the account established and maintained pursuant to Section 1, exclusive of Moneys necessary to pay Project Costs or portions thereof that (i) have been actually incurred and (ii) are due and owing as of the date of such termination or abandonment. Upon the successful approval by the PUC, the City shall return unexpended Moneys, and the interest thereon, if any, to Owner.
UNEXPENDED MONEYS. 3.1 For the purposes of this Agreement, the Funding Period is subject to funding being available for the period described in Schedule 1.
3.2 At the end of the Funding Period the Recipient must provide a report on the level of any unexpended Funding and must repay any part of the Funding which is unexpended at the end of the Funding Period to the Minister, unless the Minister gives written approval for the Recipient to retain the money.
UNEXPENDED MONEYS. In lieu of the provisions contained in Section 3.07 of the Lease Agreement, with respect to the Series 2010C Certificates and Series 2010C Project, the following provisions shall apply:
(a) The Corporation and the Board agree that unexpended moneys remaining in the Series 2010C Subaccount of the Costs of Issuance Account shall, upon payment in full of Costs of Issuance relating thereto be deposited in the Series 2010C Subaccount of the Project Account and that excess moneys, if any, remaining in a Series 2010C Subaccount of the Project Account funded from the Series 2010C Certificates shall, upon expiration of the Expenditure Period, be applied in accordance with Section 3(g) hereof and Section 501(b) of the Series 2010C Supplemental Trust Agreement.
UNEXPENDED MONEYS. If proceedings for execution and approval of the Transfer Agreement are unsuccessful and are terminated or abandoned prior to the issuance of approval by the PUC, the City Manager shall transfer to the Developer all Moneys, including any interest earnings thereon, then on deposit in the account established and maintained pursuant to Section 1, exclusive of Moneys necessary to pay Project Costs or portions thereof that (i) have been actually incurred and (ii) are due and owing as of the date of such termination or abandonment. Upon the successful approval by the PUC and resolution of the ETJ Exchange by the respective cities, the City shall return unexpended Moneys, and the interest thereon, if any, to Developer.
UNEXPENDED MONEYS. If proceedings for the transfer of service are unsuccessful and are terminated or abandoned prior to the issuance of approval by the PUC, the City Manager shall transfer to the Owners all Moneys, including any interest earnings thereon, then on deposit in the account established and maintained pursuant to Section 1, exclusive of Moneys necessary to pay Project Costs or portions thereof that (i) have been actually incurred and
UNEXPENDED MONEYS. If proceedings for approval of the PID Financing Agreement are unsuccessful and are terminated or abandoned prior to levying assessments or the issuance of the Bonds, the City Manager shall transfer to the Owner all Moneys, including any interest earnings thereon, then on deposit in the account established and maintained pursuant to Section 1, exclusive of Moneys necessary to pay Project Costs or portions thereof that
(i) have been actually incurred and (ii) are due and owing as of the date of such termination or abandonment. Upon the successful issuance of the Bonds, the City shall return unexpended Moneys, and the interest thereon, if any, to Owner.