Disposition of Proceeds of the Bonds and Other Amounts. The Authority shall deposit or cause to be deposited with the Trustee, immediately upon receipt thereof, all proceeds derived from the sale of the Bonds, together with any money deposited by the Company as an equity contribution to the Project on the Closing Date. The Trustee shall deposit all such amounts in a special fund which the Trustee is hereby directed to establish, to be known as the Clearing Fund, and in the following order the Trustee shall, from the proceeds of the Bonds and other money deposited to the Clearing Fund:
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Samples: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.)
Disposition of Proceeds of the Bonds and Other Amounts. The Authority shall deposit or cause to be deposited with the Trustee, immediately upon receipt thereof, all proceeds derived from the sale of the Bonds, together with any money deposited by the Company as an equity contribution to the Project on the Closing Datecontribution. The Trustee shall deposit all such amounts in a special fund which the Trustee is hereby directed to establish, to be known as the Clearing Fund, and in the following order order, the Trustee shall, from the proceeds of the Bonds and other money deposited to the Clearing Fund:
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Disposition of Proceeds of the Bonds and Other Amounts. The Authority Company shall deposit or cause to be deposited with the Trustee, immediately upon receipt thereof, all proceeds derived from the sale of the Bonds, together with any money deposited by the Company as an equity contribution to the Project on the Closing Date. The Trustee shall deposit all such amounts in a special fund which the Trustee is hereby directed to establish, to be known as the Clearing Fund, and in the following order order, the Trustee shall, from the proceeds of the Bonds and other money deposited to the Clearing Fund:
Appears in 1 contract
Disposition of Proceeds of the Bonds and Other Amounts. The Authority shall deposit or cause to be deposited with the Trustee, immediately upon receipt thereof, all proceeds derived from the sale of the Bonds, together with any money monies deposited by the Company as an equity contribution to the Project on the Closing Datecontribution. The Trustee shall deposit all such amounts in a special fund fund, which the Trustee is hereby directed to establishestablish and create, to be known as the "Clearing Fund", and in the following order order, the Trustee shall, from the proceeds of the Bonds and other money deposited to the Clearing Fund:
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Samples: Nutrition Management Services Co/Pa
Disposition of Proceeds of the Bonds and Other Amounts. The Authority shall deposit or cause to be deposited with the Trustee, immediately upon receipt thereof, all proceeds derived from the sale of the Bonds, together with any money monies deposited by the Company as an equity contribution to the Project on the Closing Datecontribution, if any. The Trustee shall deposit all such amounts in a special fund which the Trustee is hereby directed to establish, to be known as the Clearing Fund, and in the following order order, the Trustee shall, from the proceeds of the Bonds and other money deposited to the Clearing Fund:
Appears in 1 contract
Disposition of Proceeds of the Bonds and Other Amounts. The Authority shall deposit or cause to be deposited with the Trustee, immediately upon receipt thereof, all proceeds derived from the sale of the Bonds, together with any money monies deposited by the Company Borrower as an equity contribution to the Project on the Closing Datecontribution. The Trustee shall deposit all such amounts in a special fund which the Trustee is hereby directed to establish, to be known as the Clearing Fund, and in the following order order, the Trustee shall, from the proceeds of the Bonds and other money deposited to the Clearing Fund:
Appears in 1 contract
Samples: Loan Agreement (Lannett Co Inc)