Application of Moneys Upon Enforcement of Remedies. Any moneys received by the County upon enforcement of its rights hereunder shall be applied as follows: first, to the reasonable costs associated with such enforcement proceedings; second, to pay Administration Expenses; and third, to pay the FILOT.
Application of Moneys Upon Enforcement of Remedies. Any moneys received by the County upon enforcement of its rights hereunder shall be applied as follows: first, to the reasonable costs associated with such enforcement proceedings; second, to payment of any Administration Expenses then due and owing; third, to pay the Multi-County Fee payable under the Multi-County Industrial Park Agreement as provided therein; fourth, to pay the County to the extent of the County Minimum from the FILOT Revenues; fifth, to pay the unpaid principal of and interest on the Special Source Revenue Bonds; sixth, to pay the principal of and interest on the Industrial Revenue Bond; seventh, to the County for distribution of FILOT Revenues under the Multi-County Industrial Park Agreement; and eighth, any balance shall be paid to the Tenant.
