Common use of Deposits and Disbursements Generally Clause in Contracts

Deposits and Disbursements Generally. All deposits made pursuant to this Section 3.2 shall be made by wire transfer of federal funds. StadCo and the Authority shall provide prior written notice to the Trustee of the amounts to be deposited and the Accounts to which the deposited funds should be credited. All amounts deposited pursuant to this Section 3.2 shall be disbursed by the Trustee to the Disbursing Agent from time to time in accordance with Section 3.4 hereof.

Appears in 4 contracts

Samples: Construction Funds Trust Agreement, Construction Funds Trust Agreement, Construction Funds Trust Agreement

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