Return of Excess Funds. Within 30 days after the City’s acceptance of the Certificate of Substantial Completion, the City shall remit to the Developer any amounts that have been advanced under paragraphs (a) or (b) and which have not been spent for costs incurred by the City pursuant to such paragraphs.
Return of Excess Funds. Funds not used or held by the County for the purpose of completing the improvements or any portion thereof or correcting effects in or failures of an Improvement, shall be paid by the County to the Issuer of the Letter of Credit not later than sixty (60) calendar days following the County’s complete acceptance of the Improvement or its decision not to complete the Improvement using these funds, whichever date is earlier. The County shall endeavor to return excess funds to the Issuer not later than sixty (60) calendar days after its receipt of a written request from the Owner/Developer or the Issuer. For purposes of this Paragraph, "excess funds" means the amount of funds exceeding one hundred ten percent (110%) of the estimated cost of the Improvements that the County intends to construct. Notwithstanding the first sentence in this Paragraph, the County shall not be required to disburse excess funds more frequently than every ninety (90) calendar days.
Return of Excess Funds. Grantee will return any Grant funds that are unexpended within sixty (60) days of the Grant Term to WMF or spend them as instructed by WMF.
Return of Excess Funds. After all claims are satisfied in full, the ---------------------- Disbursing Agent shall return to the Debtor all funds remaining in the Claims Reserve.
Return of Excess Funds. In the event that MIT LL does not utilized all of the funds received, MIT LL will return the excess funds to Customer within six months of the end of the Agreement.
