Disposition at End of Term. 6.13.4.1 At the expiration or any earlier termination of the Term for any reason, including termination due to IFA Default, all funds in the Handback Requirements Reserve Account (except as provided in Section 6.13.4.2) shall automatically be and become the sole property of IFA, free and clear of all liens, pledges, encumbrances, offsets and deductions. Thereupon, Developer shall deliver such transfers, assignments and other documents, and take such other actions, as IFA or the depository institution for the Handback Requirements Reserve Account shall require to confirm transfer to IFA of the Handback Requirements Reserve Account and funds therein, free and clear of all liens, pledges, encumbrances, offsets and deductions.
Appears in 9 contracts
Samples: Public Private Agreement, Public Private Agreement, Public Private Agreement
