Surplus in Project Fund. Upon receipt of the certificate described in Section 4.5 and payment from the Project Fund of the Project Costs described therein, the Trustee shall, as provided in Section 504 of the Indenture, transfer any remaining moneys then in the Project Fund to the Bond Fund to be applied as directed by the Developer solely to (a) the payment of principal and premium, if any, of the Bonds through the payment (including regularly scheduled principal payments, if any) or redemption thereof at the earliest date permissible under the terms of the Indenture, or (b) at the option of the Developer, to the purchase of Bonds at such earlier date or dates as the Developer may elect. Any amount so deposited in the Bond Fund may be invested as permitted by Section 702 of the Indenture.
Surplus in Project Fund. Any amount remaining in the Project Fund after the Certificate of Completion has been delivered to the Trustee, shall be transferred by the Trustee into the Principal and Interest Payment Account and used and applied by Trustee for the purposes and at the times authorized by the Indenture.
Surplus in Project Fund. In the event funds remain on hand in the Project Fund on the date the Certificate of Completion is furnished to Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the Principal and Interest Payment Account on the Completion Date and shall be applied in accordance with the provisions of Section 504 of the Indenture.
Surplus in Project Fund. Except for any amount retained in the Project Fund pursuant to Section 4.6, all moneys remaining in the Project Fund after the Completion Date shall immediately be transferred to the Excess Proceeds Account of the Bond Fund and applied in accordance with Section 404 of the Indenture.
Surplus in Project Fund. 10 SECTION 5.9. RIGHT OF ENTRY BY ISSUER....................................10 SECTION 5.10. MACHINERY AND EQUIPMENT PURCHASED BY CORPORATION............11 SECTION 5.11. PROJECT PROPERTY OF ISSUER..................................11 SECTION 5.12. KANSAS RETAILERS' SALES TAX.................................11 ARTICLE VI SECTION 6.1. INSURANCE AS A CONDITION TO DISBURSEMENT....................12 SECTION 6.2. INSURANCE AFTER COMPLETION..................................12 SECTION 6.3. GENERAL INSURANCE PROVISIONS................................12 SECTION 6.4. EVIDENCE OF TITLE...........................................13 (i) ARTICLE VII SECTION 7.1. IMPOSITIONS.................................................13 SECTION 7.2. RECEIPTED STATEMENTS........................................13 SECTION 7.3. ISSUER MAY NOT SELL.........................................13 SECTION 7.4. CONTEST OF IMPOSITIONS......................................13 SECTION 7.5. AD VALOREM TAXES............................................14 SECTION 7.6. PAYMENT IN LIEU OF TAXES....................................14 ARTICLE VIII
Surplus in Project Fund. In the event funds are remaining in the Project Fund or any of the accounts contained therein on the date the Certificate of Completion is furnished to Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the applicable account within the Debt Service Fund on the Completion Date and shall be applied in accordance with the provisions of SECTION 504 of the Indenture.
