Common use of Sufficiency of Net Proceeds Clause in Contracts

Sufficiency of Net Proceeds. The Net Proceeds available for such purpose, together with any other funds supplied by the District to the Trustee in a subaccount of the Net Proceeds Fund for such purpose, are expected to equal at least 110% of the projected costs of replacement or repair (or a lesser agreed upon percentage) as demonstrated in an attached reconstruction budget, and

Sufficiency of Net Proceeds. The Net Proceeds available for such purpose, together with any other funds supplied by the District City to the Trustee in a subaccount of the Net Proceeds Fund for such purpose, are expected to equal at least 110% of the projected costs of replacement or repair (or a such lesser agreed upon percentage) percentage as may be consented to by the Insurer and any insurer of Additional Certificates), as demonstrated in an attached reconstruction budget, and

Sufficiency of Net Proceeds. The Net Proceeds available for such purpose, together with any other funds supplied by the District to the Trustee in a subaccount of the Net Proceeds Fund for such purpose, are expected to equal at least 110% of the projected costs of replacement or repair (or a such lesser agreed upon percentagepercentage as may be consented to by the Insurer) as demonstrated in an attached reconstruction budget, and