Common use of Unexpended Proceeds Clause in Contracts

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.

Appears in 1 contract

Sources: Installment Sale Agreement

Unexpended Proceeds. In accordance with Section 3.04 3.05 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.

Appears in 1 contract

Sources: Installment Sale Agreement