Unexpended Bond Proceeds. Subject to the requirements of Section 5.2(b) hereof, moneys in the 2024 Series D subaccount of the Acquisition Account that are not used to purchase 2024 Series D Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2024 Series D subaccounts of the Class I Special Redemption Account and the 2024 Series D subaccount of the Class I Special Redemption Account, respectively, pursuant to an Authority Request filed with the Trustee stating that the Authority no longer reasonably expects to apply the amount to be transferred for any such purpose. Such amounts representing proceeds of the 2024 Series D Bonds shall be transferred not later than March 1, 2025 and applied to the redemption of 2024 Series D Bonds, other than the Premium Serial Bonds; provided, that if on the date of transfer, the amount to be withdrawn by the Trustee shall be less than $250,000, such amount shall be transferred on such date to the 2024 Series D subaccount of the Revenue Fund rather than to the 2024 Series D subaccount of the Class I Special Redemption Account; provided, however, that the date set forth above may be extended to a later date or dates as to all or any part of such moneys, if the Authority shall have filed with the Trustee, with a copy to Xxxxx’x, an Authority Request specifying such later date or dates for such withdrawal, accompanied by a Cash Flow Statement (unless the principal amount and term of such extension shall be covered by a previous Cash Flow Statement), in which case such withdrawal shall occur on the later specified date or dates.
Unexpended Bond Proceeds. Moneys in the 2002 Series A subaccount of the Acquisition Account that are not used to purchase 2002 Series A Mortgage Loans shall be withdrawn by the Trustee and transferred to the 2002 Series A subaccounts of the Redemption Fund pursuant to an Authority Request filed with the Trustee stating that the Authority no longer reasonably expects to apply the amount to be transferred for any such purpose. Such amounts shall be transferred not later than April 1, 2005; provided, that if on such date the amount to be withdrawn by the Trustee shall be less than $50,000, such amount shall be transferred on such date to the 2002 Series A subaccount of the Revenue Fund rather than to the 2002 Series A subaccounts of the Redemption Fund; provided, however, that, subject to the Authority's covenants in Section 6.17 of the Master Indenture and Section 6.4 of this Series Indenture, the date set forth above may be extended to a later date or dates as to all or any part of such moneys, if the Authority shall have filed with the Trustee, with a copy to Xxxxx'x and S&P, an Authority Request specifying such later date or dates for such withdrawal, accompanied by a Cash Flow Statement (unless the principal amount and term of such extension shall be covered by a previous Cash Flow Statement), in which case such withdrawal shall occur on the later specified date or dates.
Unexpended Bond Proceeds. If, upon completion of the Improvements as contemplated by the City and the County, any of the $1,000,000 transferred to the City is unexpended, then the City shall return all such unexpended bond proceeds to the County.
Unexpended Bond Proceeds. Should there remain any unspent Bond proceeds at the end of the 3 years from the Issue Date, the Borrower shall cause such unexpended funds to be applied to redeem the Bonds.
