Common use of Amounts Remaining in Funds Clause in Contracts

Amounts Remaining in Funds. It is agreed by the parties hereto that any amounts remaining in the Bond Fund and the Project Fund upon expiration or sooner termination of the Lease Term as provided in this Lease, after payment in full of the Bonds (or provision for payment thereof having been made in accordance with the provisions of the Indenture) and the fees, charges and expenses of the Trustee in accordance with the Indenture shall belong to and be paid to the Lessee by the Issuer as overpayment of rents.

Appears in 3 contracts

Samples: Lease Agreement (Adesa California, LLC), Lease Agreement (Adesa Inc), Lease Agreement (Allete Inc)

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Amounts Remaining in Funds. It is agreed by the parties hereto that any Any amounts remaining in the Project Fund or the Bond Fund and the Project Fund upon expiration or sooner cancellation or termination of the Lease Term as provided in this LeaseAgreement, after payment in full of the Loan and the Bonds (or provision for payment thereof having shall be deemed to have been made in accordance with paid and discharged under the provisions of the Indenture) Indenture and the fees, charges and expenses of the Trustee in accordance with and all other amounts required to be paid under the Indenture Indenture, the Reimbursement Agreement and this Agreement have been paid, shall belong to and be paid to the Lessee by Borrower in accordance with Section 504 of the Issuer as overpayment of rentsIndenture.

Appears in 2 contracts

Samples: Loan Agreement (Trex Co Inc), Loan Agreement (M Wave Inc)

Amounts Remaining in Funds. It is agreed by the parties hereto that any certain amounts remaining in the Bond Fund and the Project Fund upon expiration or sooner earlier termination of the Lease Term as provided in this LeaseAgreement, after payment in full of the Bonds (or provision for payment thereof having been made in accordance with the provisions of the Indenture) Bond Resolution), and all other amounts owing hereunder or under the feesBond Resolution, charges and expenses of the Trustee in accordance with the Indenture shall belong to and be paid to the Lessee by the Issuer as overpayment of rentsCompany.

Appears in 1 contract

Samples: Rental Agreement (Rivian Automotive, Inc. / DE)

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Amounts Remaining in Funds. It is agreed by the parties hereto that any amounts remaining in the Bond Fund and the Project Fund or other funds provided for herein upon expiration or sooner termination of the Lease Term Term, as provided in this Lease, after payment in full of the Bonds (or provision for payment thereof having been made in accordance with and all sums due and owing to the provisions of the Indenture) and the feesLessor, charges and expenses of the Trustee in accordance with the Indenture shall belong to and be paid to the Lessee by the Issuer Lessor as overpayment of rents.

Appears in 1 contract

Samples: Lease Agreement (Sanderson Farms Inc)

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