Common use of UNEXPENDED MONEYS Clause in Contracts

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.

Appears in 1 contract

Sources: Lease Purchase Agreement

UNEXPENDED MONEYS. In lieu of the provisions contained in Section 3.07 of the Lease Agreement, with respect to the Series 2010C 2010A Certificates and Series 2010C 2010A Project, the following provisions shall apply: (a) The Corporation and the Board agree that unexpended moneys remaining in the Series 2010C 2010A Subaccount of the Costs of Issuance Account shall, upon payment in full of Costs of Issuance relating thereto be deposited in the Series 2010C 2010A Subaccount of the Project Account and that excess moneys, if any, remaining in a Series 2010C 2010A Subaccount of the Project Account funded from the Series 2010C 2010A 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 2010A Supplemental Trust Agreement.

Appears in 1 contract

Sources: Lease Purchase Agreement