Common use of Deficiency of Project Fund Clause in Contracts

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements, lien free (except for Permitted Encumbrances), the Company covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 6 contracts

Samples: Lease, Lease, Lease

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Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements, lien free (except for Permitted Encumbrances), the Company covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.making

Appears in 4 contracts

Samples: Lease Agreement, Lease, Lease

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements, lien free (except for Permitted Encumbrances), the Company covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 3 contracts

Samples: Lease, Lease Agreement, Lease Agreement

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the ImprovementsProject, lien free (except for Permitted Encumbrances)free, the Company Tenant covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 2 contracts

Samples: Lease Agreement (Federal Home Loan Bank of Topeka), Lease (Collins Industries Inc)

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the ImprovementsProject, lien free (except for Permitted Encumbrances)free, the Company Corporation covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Corporation shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Lease Agreement (Elecsys Corp)

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements1997 Additions, lien free (except for Permitted Encumbrances)free, the Company Tenant covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiencydeficiency and indemnify Issuer for any costs, expenses and fees, including reasonable attorney's fees incurred by Issuer associated therewith or arising therefrom.

Appears in 1 contract

Samples: Lease Agreement (Ifr Systems Inc)

Deficiency of Project Fund. If the Project Fund and the accounts contained therein shall be insufficient to pay fully all Project Costs and to fully complete the ImprovementsProject, lien free (except for Permitted Encumbrances)free, the Company Tenant covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save indemnify and hold harmless the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Lease (Capital Lease Funding Inc)

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the ImprovementsProject, lien free (except for Permitted Encumbrances)free, the Company Tenant covenants to pay the full amount of any such 1677850N.003 deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Lease (Royal Caribbean Cruises LTD)

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Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements, lien free (except for Permitted Encumbrances), the Company Tenant covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Master Lease Agreement

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the 1997 Improvements, lien free (except for Permitted Encumbrances), the Company Tenant covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Lease (Collins Industries Inc)

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements, lien free (except for Permitted Encumbrances), the Company Tenant covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company Tenant shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Lease

Deficiency of Project Fund. If the Project Fund and the accounts contained therein shall be insufficient to pay fully all Project Costs and to fully complete the ImprovementsProject, lien free (except for Permitted Encumbrances)free, the Company Issuer covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.

Appears in 1 contract

Samples: Trust Indenture (Capital Lease Funding Inc)

Deficiency of Project Fund. If the Project Fund shall be insufficient to pay fully all Project Costs and to fully complete the Improvements, lien free (except for Permitted Encumbrances), the Company covenants to pay the full amount of any such deficiency by making payments directly to the contractors and to the suppliers of materials, machinery, equipment, property and services as the same shall become due, and the Company shall save the Issuer and the Trustee whole and harmless from any obligation to pay such deficiency.,

Appears in 1 contract

Samples: Lease

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