Common use of Distribution of Funds in Excess Clause in Contracts

Distribution of Funds in Excess. of the Cap. Whenever accumulated funds (including interest) in an Agricultural Contractor’s account in the trust fund exceed that contractor’s share of the Cap, or the estimated remaining payments the contractor is required to make to the State prior to the end of the project repayment period, that contractor may direct the trustee to pay such excess to the contractor.

Appears in 45 contracts

Samples: Contract, Contract, water.ca.gov

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