Payment of Funding Loan After Discharge of Funding Loan Agreement. Notwithstanding any provisions of this Funding Loan Agreement, and subject to applicable unclaimed property laws of the State, any money deposited with the Fiscal Agent or any paying agent in trust for the payment of the principal of, interest or premium on the Governmental Note remaining unclaimed for [_____] years after the maturity or earlier payment date: [(a) shall be reported and disposed of by the Fiscal Agent in accordance with applicable unclaimed property laws; or (b)] to the extent permitted by applicable law, shall be paid to [the Governmental Lender][the Borrower][other disposition], whereupon all liability of the Governmental Lender and the Fiscal Agent with respect to such money shall cease, and the Funding Lender shall thereafter look solely to the Borrower for payment of any amounts then due. All money held by the Fiscal Agent and subject to this Section 9.03 shall be held uninvested and without liability for interest thereon. INTENTIONALLY OMITTED MISCELLANEOUS Servicing of the Loans . The Funding Lender Representative may appoint a Servicer (which may be the Funding Lender Representative if the Funding Lender Representative elects to service the Loans) to service the Loans as provided in Section 3.02 of the Project Loan Agreement.
Appears in 4 contracts
Samples: Funding Loan Agreement, Funding Loan Agreement, Funding Loan Agreement
