Improvement Account of the Project Fund Sample Clauses

Improvement Account of the Project Fund. On the date of issuance of any PID Bonds, the City shall establish the IAPF in accordance with the applicable Indenture. Any IAPF shall be maintained as provided in the Indenture and shall not be commingled with any other funds of the City. Any IAPF shall be administered and controlled (including signatory authority) by the City, or the trustee bank for the PID Bonds, and funds in the IAPF shall be deposited and disbursed in accordance with the terms of the Indenture. In the event of any conflict between the terms of this Agreement and the terms of the Indenture relative to deposit and/or disbursement, the terms of the Indenture shall control.

Improvement Account of the Project Fund. On the date of issuance of any Bonds, the City shall establish the Improvement Account of the Project Fund in accordance with the applicable Bond Indenture, as such terms are defined in the Bond Indenture. Any Improvement Account of the Project Fund shall be maintained as provided in the Bond Indenture and shall not be commingled with any other funds of the City. Any Improvement Account of the Project Fund shall be administered and controlled (including signatory authority) by the City and funds in the Improvement Account of the Project Fund shall be deposited and disbursed in accordance with the terms of the Bond Indenture. In the event of any conflict between the terms of this Agreement and the terms of the Bond Indenture relative to deposit and/or disbursement, the terms of the Bond Indenture shall control.

Improvement Account of the Project Fund. The Improvement Account of the Project Fund for each issue of PID Bonds shall be administered and controlled by the City and funds in the Improvement Account of the Project Fund shall be deposited and disbursed in accordance with the tenns of the Indenture associated with the PID Bonds issued to finance property in such PID.

Improvement Account of the Project Fund. The IAPF and the Developer Improvement Account shall be administered and controlled by the City, or the trustee bank for the PID Bonds, and funds in the IAPF and the Developer Improvement Account shall be deposited and disbursed in accordance with the terms of the Indenture.