Common use of Monies Held in Trust Clause in Contracts

Monies Held in Trust. All monies required to be paid into the Developer Project Cost Account under the provisions hereof and the provisions of the Development Program, other than investment earnings thereon, shall be held by the Town, in trust, for the benefit of the Developer.

Appears in 3 contracts

Samples: Credit Enhancement Agreement, Credit Enhancement Agreement, Credit Enhancement Agreement

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Monies Held in Trust. All Subject to the terms of this Agreement, all monies required to be paid deposited into the Developer Developer’s Project Cost Account to fund payments to Developer under the provisions hereof and the provisions of the Development Program, other than Program (excluding all interest and investment earnings thereon), shall be held by the Town, in trust, for the benefit of the DeveloperDeveloper in accordance with the provisions of this Agreement.

Appears in 2 contracts

Samples: Credit Enhancement Agreement, Credit Enhancement Agreement

Monies Held in Trust. All monies required to be deposited with or paid into the Developer Developer’s Project Cost Account to fund payments of the Developer under the provisions hereof and the provisions of the Development Program, other than investment earnings thereon, shall be held by the Town, City in trust, for the benefit of the Developer.

Appears in 1 contract

Samples: Credit Enhancement Agreement

Monies Held in Trust. All monies required to be deposited with or paid into the Developer Project Cost Account Sub-account of Development Program Fund to fund payments to Xxxxxxx under the provisions hereof and the provisions of the Development Program, other than but excluding any investment earnings thereon, shall be held by the Town, Town in trust, for the benefit of the DeveloperXxxxxxx.

Appears in 1 contract

Samples: Credit Enhancement Agreement

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Monies Held in Trust. All monies required to be deposited with or paid into the Developer Phase II Developer’s Project Cost Account Subaccount to fund payments of the Developer under the provisions hereof and the provisions of the Development Program, other than investment earnings thereon, shall be held by the Town, City in trust, for the benefit of the Developer.

Appears in 1 contract

Samples: Credit Enhancement Agreement

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