Common use of Unclaimed Moneys Clause in Contracts

Unclaimed Moneys. Any moneys which remain unclaimed in the Escrow Fund for two years after the date such moneys have become due and payable hereunder shall be repaid by the Escrow Agent to the District and deposited by the District in the applicable Debt Service Fund relating to the Bonds. Any moneys remaining in the Escrow Fund established hereunder after August 1, 2026 (aside from unclaimed monies of the Refunded Bonds) which are in excess of the amount needed to pay owners of the Refunded Bonds payments of principal, interest, Accreted Value and redemption premium, if any, with respect to the Refunded Bonds or to pay any amounts owed to the Escrow Agent shall be immediately transferred by the Escrow Agent to Mendocino County, on behalf of the District for deposit into the applicable Debt Service Fund relating to the Bonds.

Appears in 1 contract

Samples: Escrow Agreement

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Unclaimed Moneys. Any moneys which remain unclaimed in the Escrow Fund unclaimed for two years after the date such moneys have become due and payable hereunder shall be repaid by the Escrow Agent to the District and deposited by the District in the applicable Debt Service Fund relating to the Bonds. Any moneys remaining in the Escrow Fund established hereunder after August 1, 2026 2017 (aside from unclaimed monies of the Refunded Bonds) which are in excess of the amount needed to pay owners of the Refunded Bonds payments of principal, interest, Accreted Value principal of and interest on and redemption premium, if any, with respect to the Refunded Bonds or to pay any amounts owed to the Escrow Agent shall be immediately transferred by the Escrow Agent to Mendocino Riverside County, on behalf of the District for deposit District, and deposited into the applicable Debt Service Fund relating to the Bonds.

Appears in 1 contract

Samples: Escrow Agreement

Unclaimed Moneys. Any moneys which remain unclaimed in the Escrow Fund for two years after the date such moneys have become due and payable hereunder shall be repaid by the Escrow Agent (without liability for interest) to the District and deposited by the District in the applicable Debt Service Fund relating to the Bonds. Any moneys remaining in the Escrow Fund established hereunder after August 1, 2026 2022 (aside from unclaimed monies amounts in respect of the Refunded Bonds) which are in excess of the amount needed to pay owners holders of the Refunded Bonds payments of principal, interest, Accreted Value principal and interest and redemption premium, if any, with respect to the Refunded Bonds or to pay any amounts owed to the Escrow Agent shall be immediately transferred by the Escrow Agent to Mendocino Los Angeles County, on behalf of the District District, for deposit into the applicable Debt Service Fund relating to the Bonds.

Appears in 1 contract

Samples: Escrow Agreement

Unclaimed Moneys. Any moneys which remain unclaimed in the Escrow Fund unclaimed for two years after the date such moneys have become due and payable hereunder shall be repaid by the Escrow Agent to the District and deposited by the District in the applicable Debt Service Fund relating to the Bonds. Any moneys remaining in the Escrow Fund established hereunder after August 1, 2026 2015 (aside from unclaimed monies of the Refunded Bonds) which are in excess of the amount needed to pay owners of the Refunded Bonds payments of principal, interest, Accreted Value principal of and interest on and redemption premium, if any, with respect to the Refunded Bonds or to pay any amounts owed to the Escrow Agent shall be immediately transferred by the Escrow Agent to Mendocino Riverside County, on behalf of the District for deposit District, and deposited into the applicable Debt Service Fund relating to the Bonds.

Appears in 1 contract

Samples: Escrow Agreement

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Unclaimed Moneys. Any moneys which remain unclaimed in the Escrow Fund for two years after the date such moneys have become due and payable hereunder shall be repaid by the Escrow Agent to the District and deposited by the District in the applicable Debt Service Fund Funds relating to the Bonds. Any moneys remaining in the Escrow Fund established hereunder after August 1, 2026 2016 (aside from unclaimed monies moneys of the Refunded Bonds) which are in excess of the amount needed to pay owners of the Refunded Bonds payments of principal, interestor accreted value, Accreted Value and interest and redemption premium, if any, with respect to the Refunded Bonds or to pay any amounts owed to the Escrow Agent shall be immediately transferred by the Escrow Agent to Mendocino County, on behalf of the District for deposit into and deposited by the applicable District in the Debt Service Fund Funds relating to the BondsXxxxx.

Appears in 1 contract

Samples: Escrow Agreement

Unclaimed Moneys. Any moneys which remain unclaimed in the Escrow Fund for two years after the date such moneys have become due and payable hereunder shall be repaid (without liability for interest) by the Escrow Agent to the District and deposited by the District in the applicable Debt Service Fund relating to the Bonds. Any moneys remaining in the Escrow Fund established hereunder after August 1, 2026 2024 (aside from unclaimed monies of the Refunded Bonds) which are in excess of the amount needed to pay owners of the Refunded Bonds payments of principal, interest, Accreted Value principal and interest and redemption premium, if any, with respect to the Refunded Bonds or to pay any amounts owed to the Escrow Agent shall be immediately transferred by the Escrow Agent to Mendocino County, on behalf of the District for deposit into and deposited by the applicable District in the Debt Service Fund relating to the Bonds.

Appears in 1 contract

Samples: Escrow Agreement

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