Common use of Unencumbered Funds Clause in Contracts

Unencumbered Funds. Upon the request of the Sponsor, unencumbered public funds from the School, Sponsor’s property and improvements, furnishings, and equipment purchased with public funds, or financial or other records pertaining to the School, in the possession of any person, entity, or holding company, other than the School, shall be held in trust upon the Sponsor’s request, until any appeal status is resolved.

Appears in 12 contracts

Samples: Charter School Contract, Charter School Renewal Contract, Charter School Renewal Contract

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!