Unexpended Proceeds Sample Clauses

Unexpended Proceeds. If the full Grant Amount is not required to pay Project Costs that were incurred by Grantee on or before the Project Completion Deadline, the State will retain the excess and may apply such amounts to any purposes consistent with the Act and subject to the limitations of the Internal Revenue Code with respect to the use of proceeds of the Bonds.

Unexpended Proceeds. Grantee shall complete the Project on or before the Project Completion Deadline. Grantee shall immediately repay to DAS, unless DAS otherwise directs, any portion of the Grant disbursed to Grantee, and any interest earned by Grantee on the Grant disbursement, that are not used for Project Costs or that remain after the earliest of (i) the Project Completion Date, (ii) the date this Agreement has expired or is terminated; or (iii) the Project Completion Deadline.

Unexpended Proceeds. All excess moneys remaining in the Acquisition Fund and not required for payment of Delivery Costs and Acquisition Costs shall be used as described in Section 3.02(c) of the Indenture.

Unexpended Proceeds. The 2023 Series N Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds shall be redeemed at a Redemption Price that maintains the original yield on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2023 Series N Bonds transferred from the 2023 Series N subaccount of the Acquisition Account to the 2023 Series N subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Unexpended Proceeds. In accordance with Section 3.04 of the Trust Agreement, all excess moneys remaining in the Construction Fund and not required for payment of Construction Costs shall be transferred to the Installment Payment Fund and applied to the prepayment of Certificates.

Unexpended Proceeds. In accordance with Section 3.05 of the Trust Agreement, all excess moneys remaining in the Project Fund and not required for payment of Project Costs shall be transferred to the Installment Payment Fund for application to payment of the Installment Payments as the same become due and payable.

Unexpended Proceeds. The 2023 Series OP Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, except that the PAC Bonds sold at a premium shall be redeemed at a Redemption Price that maintains the respective original yields on the PAC Bonds (as calculated by the Authority, which calculation, once made and the Redemption Prices communicated to the Trustee, shall be conclusive on all parties) plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2023 Series OP Bonds transferred from the 2023 Series OP subaccount of the Acquisition Account to the 2023 Series OP subaccount of the Class I Special Redemption Account, the 2023 Series OP subaccount of the Class II Special Redemption Account and the 2023 Series OP subaccount of the Class III Special Redemption Account, respectively, pursuant to Section 5.2(d) of this Series Indenture. The Authority shall not apply any such proceeds of the 2023 Series O Bonds to the redemption of the 2023 Series P Bonds.

Unexpended Proceeds. The 2024 Series C Bonds, other than the Premium Offered Bonds, are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium, plus accrued interest thereon to the date of redemption, on any date from amounts equal to proceeds of the 2024 Series C Bonds transferred from the 2024 Series C subaccount of the Acquisition Account to the 2024 Series C subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.

Unexpended Proceeds. The 2024 Series A Bonds are subject to redemption prior to their respective Maturity Dates as a whole or in part at a Redemption Price equal to the principal amount thereof plus accrued interest thereon to the date of redemption, without premium on any date from amounts equal to proceeds of the 2024 Series A Bonds transferred from the 2024 Series A subaccount of the Acquisition Account to the 2024 Series A subaccount of the Class I Special Redemption Account pursuant to Section 5.2(d) of this Series Indenture.