Common use of Disposition of the Balance in the Project Fund Clause in Contracts

Disposition of the Balance in the Project Fund. Pursuant to the Indenture, as soon as practicable after, and in any event within sixty (60) days from, the Trustee’s receipt of the certificate regarding the Completion Date described in Section 3.5 hereof, any amounts remaining in the Project Fund, including any unliquidated investments made with money theretofore deposited in the Project Fund, except for amounts to be retained in the Project Fund for any Cost of the Project not then due and payable, shall be transferred by the Trustee to the Bond Fund and shall be applied to the redemption of the Bonds in accordance with the terms of the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (New Ships, Inc.), Loan Agreement (New Ships, Inc.)

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Disposition of the Balance in the Project Fund. Pursuant to the Indenture, as soon as practicable after, and in any event within sixty (60) days from, the Trustee’s 's receipt of the certificate regarding the Completion Date described mentioned in Section 3.5 SECTION 4.3 hereof, any all amounts remaining in the Project Fund, including any unliquidated investments made with money theretofore deposited in the Project Fund, Fund except for amounts to be retained in the Project Fund for any Cost of Acquisition of the Project not then due and payablepayable as provided in SECTION 4.3 hereof, shall be transferred by the Trustee to the Bond Fund and shall be applied to the redemption payment of principal and interest on the Bonds in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Genlyte Group Inc)

Disposition of the Balance in the Project Fund. Pursuant to the Indenture, as soon as practicable after, and in any event within sixty (60) days from, the Trustee’s 's receipt of the certificate regarding the Completion Date described mentioned in Section 3.5 hereof, any 4.3 hereof all amounts remaining in the Project Fund, including any unliquidated investments made with money theretofore deposited in the Project Fund, Fund except for amounts to be retained in the Project Fund for any Cost of Acquisition of the Project not then due and payablepayable as provided in Section 4.3 hereof, shall be transferred by the Trustee to the Bond Fund and shall be applied to the redemption prepayment of the principal installments of the Bonds in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Heico Corp)

Disposition of the Balance in the Project Fund. Pursuant to the Indenture, as soon as practicable after, and in any event within sixty (60) days from, the Trustee’s Project Fund Custodian's receipt of the certificate regarding the Completion Date described mentioned in Section 3.5 4.3 hereof, any all amounts remaining in the Project Fund, including any unliquidated investments made with money theretofore deposited in the Project Fund, Fund except for amounts to be retained in the Project Fund for any Cost of Acquisition of the Project not then due and payablepayable as provided in Section 4.3 hereof, shall be transferred by the Trustee to deposited in the Bond Fund by the Project Fund Custodian and shall be applied to the redemption prepayment of the principal installments of the Bonds in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Medical Action Industries Inc)

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Disposition of the Balance in the Project Fund. Pursuant to the Indenture, as soon as practicable after, and in any event within sixty (60) days from, the Trustee’s 's receipt of the certificate regarding the Completion Date described mentioned in Section 3.5 4.3 hereof, any all amounts remaining in the Project Fund, including any unliquidated investments made with money theretofore deposited in the Project Fund, Fund except for amounts to be retained in the Project Fund for any Cost of Acquisition of the Project not then due and payablepayable as provided in Section 4.3 hereof, shall be transferred by the Trustee to the Bond Fund and shall be applied to the redemption prepayment of the principal installments of the Bonds in accordance with the terms of the Indenture.

Appears in 1 contract

Samples: Loan Agreement (Dollar Tree Stores Inc)

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