Common use of Remaining Surplus Account Clause in Contracts

Remaining Surplus Account. The Treasurer shall continue to maintain the Remaining Surplus Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2020 Bonds are the only Qualified Obligations Outstanding, such Remaining Surplus Account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 Bonds or obligations payable from such account remain outstanding.

Remaining Surplus Account. The Treasurer shall continue to maintain the Remaining Surplus Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2020 2016 Bonds are the only Qualified Obligations Outstanding, such Remaining Surplus Account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 2016 Bonds or obligations payable from such account remain outstanding.

Remaining Surplus Account. The Treasurer shall continue to maintain the Remaining Surplus Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2020 2014-A Bonds are the only Qualified Obligations Outstanding, such Remaining Surplus Account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 2014-A Bonds or obligations payable from such account remain outstanding.

Remaining Surplus Account. The Treasurer shall continue to maintain the Remaining Surplus Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2020 2024-A Bonds are the only Qualified Obligations Outstanding, such Remaining Surplus Account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 2024-A Bonds or remain Outstanding and no obligations payable from such account remain outstanding.