Common use of Inadequacy of Construction Funds Clause in Contracts

Inadequacy of Construction Funds. If the Construction Funds are at any time determined by Lessor to be inadequate for payment in full of all labor and materials for the restoration and repair, Lessee shall immediately pay the amount of the deficiency to Lessor to be held and disbursed as Construction Funds prior to the disbursement of any other Construction Funds then held by Lessor.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Williams Companies Inc), Master Lease (Williams Companies Inc), Credit Agreement (Williams Companies Inc)

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