Common use of Excess STAR Bond Proceeds Clause in Contracts

Excess STAR Bond Proceeds. In the event that the STAR Bond Proceeds allocated by the Project Budget for payment of the STAR Bond Costs exceed the Eligible STAR Bond Expenses and the Improvements included therein have been certified as fully completed and paid for, free of mechanics liens, such excess shall be held and applied pursuant to the STAR Bond Indenture.

Excess STAR Bond Proceeds. In the event that the STAR Bond Proceeds allocated by the Project Budget for payment of the STAR Bond Improvement Costs exceed the Eligible STAR Bond Expenses Improvement Costs and the STAR Bond Improvements included therein have been certified as fully completed and paid for, free of mechanics liens, such excess shall be held and applied pursuant to the indenture for the STAR Bond IndentureBonds.

Excess STAR Bond Proceeds. In the event that the STAR Bond Proceeds allocated by the Total Project Budget for payment of the STAR Bond Costs exceed the Eligible STAR Bond Expenses Costs, and the Improvements included therein have been certified as fully completed and paid for, free of mechanics liens, such excess STAR Bond Proceeds shall be held and applied pursuant to the STAR Bond Indenture.