Common use of Project Fund Clause in Contracts

Project Fund. There is hereby established with the Bank a separate special fund designated “City of Bel Aire, Kansas Project Fund (Bel Aire Secure Storage, LLC),” which shall be held, invested and disbursed by the Bank as hereinafter provided in this Section and Article V of the Project Lease. All moneys that will remain on deposit in the Project Fund for over 10 days shall be invested in Permitted Investments as directed in writing by the Tenant (or in the absence of Tenant's written direction, in Permitted Investments described in paragraph (c) of the definition). The proceeds of the Bonds and any investment earnings accruing thereof shall be deposited in the Project Fund. The Bank shall disburse moneys in the Project Fund to pay Project Costs in accordance with the provisions of Article V of the Project Lease. If any moneys remain in the Project Fund thirty (30) days after the Issue Date, they shall be deposited in the Debt Service Fund and used as provided in Section 5(b) below.

Project Fund. There is hereby established with the Bank a separate special fund designated “"City of Bel Aire, Kansas Project Fund (Bel Aire Secure Storage, LLCSpeculative Buildings Project),” " which shall be held, invested and disbursed by the Bank as hereinafter provided in this Section and Article V of the Project Lease. All moneys that will remain on deposit in the Project Fund for over 10 days shall be invested in Permitted Investments as directed in writing by the Tenant (or in the absence of Tenant's written direction, in Permitted Investments described in paragraph (c) of the definition). The proceeds of the Bonds as advanced and any investment earnings accruing thereof shall be deposited in the Project Fund. The Bank shall disburse moneys in the Project Fund to pay Project Costs in accordance with the provisions of Article V of the Project Lease. If any moneys remain in the Project Fund thirty (30) days after the Issue Date, they shall be deposited in the Debt Service Fund and used as provided in Section 5(b) below.

Project Fund. There is hereby established with the Bank a separate special fund designated “"City of Bel Aire, Kansas Project Fund (Bel Aire Secure Storage, LLCWichita Hoops Project),” " which shall be held, invested and disbursed by the Bank as hereinafter provided in this Section and Article V of the Project Lease. All moneys that will remain on deposit in the Project Fund for over 10 days shall be invested in Permitted Investments as directed in writing by the Tenant (or in the absence of Tenant's written direction, in Permitted Investments described in paragraph (c) of the definition). The proceeds of the Bonds as advanced and any investment earnings accruing thereof shall be deposited in the Project Fund. The Bank shall disburse moneys in the Project Fund to pay Project Costs in accordance with the provisions of Article V of the Project Lease. If any moneys remain in the Project Fund thirty (30) days after the Issue Date, they shall be deposited in the Debt Service Fund and used as provided in Section 5(b) below.

Project Fund. There is hereby established with the Bank a separate special fund designated “City of Bel Aire"Xxxxxx County, Kansas Project Fund (Bel Aire Secure Storage, LLCArk City Warehouse),” " which shall be held, invested and disbursed by the Bank as hereinafter provided in this Section and Article V of the Project Lease. All moneys that will remain on deposit in the Project Fund for over 10 days shall be invested in Permitted Investments as directed in writing by the Tenant (or in the absence of Tenant's written direction, in Permitted Investments described in paragraph (c) of the definition). The proceeds of the Bonds and any investment earnings accruing thereof shall be deposited in the Project Fund. The Bank shall disburse moneys in the Project Fund to pay Project Costs in accordance with the provisions of Article V of the Project Lease. If any moneys remain in the Project Fund thirty (30) days after the Issue Date, they shall be deposited in the Debt Service Fund and used as provided in Section 5(b) below.