Common use of Use of Lease Proceeds Clause in Contracts

Use of Lease Proceeds. On the Closing Date, all proceeds of the Lease in the amount of $[Principal Amount], are expected to be deposited in the escrow fund established by the Escrow Agent pursuant to the terms of the Escrow Agreement (the “Escrow Fund”) and used to pay costs of the Financed Assets.

Use of Lease Proceeds. On the Closing Date, all proceeds of the Lease in the amount of $[Principal Amount]1,238,897.62, are expected to be deposited in the escrow fund established by the Escrow Agent pursuant to the terms of the Escrow Agreement (the “Escrow Fund”) and used to pay costs of the Financed Assets.