Common use of Disposition Upon Acceleration Clause in Contracts

Disposition Upon Acceleration. If the principal of the Bonds has become due and payable pursuant to Section 902, upon the date of payment by the Trustee of any moneys due as hereinafter provided in Article IX, any balance remaining in the Project Fund shall without further authorization be deposited in the Bond Fund by the Trustee, with advice to the City and to the Developer of such action.

Disposition Upon Acceleration. If the principal of the Bonds has shall have become due and payable pursuant to Section 9029.01 of this Indenture, upon the date of payment by the Trustee of any moneys due as hereinafter provided in Article IXIX of this Indenture, any balance remaining in the Project Fund shall shall, without further authorization authorization, be deposited in the Bond Fund Principal and Interest Payment Account by the Trustee, with advice to the City and to the Developer of such action.