Unexpended Bond Proceeds Sample Clauses

Unexpended Bond Proceeds. Subject to the requirements of Section 5.2(b) hereof, moneys in the 2023 Series N subaccount of the Acquisition Account that are not used to purchase 2023 Series N Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2023 Series N subaccounts of the Class I Special Redemption Account and the 2023 Series N subaccount of the Class I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 2023 Series N Bonds shall be transferred not later than August 1, 2024 and applied to the redemption of 2023 Series N Bonds; provided, that if on the date of transfer, the amount to be withdrawn by the Trustee shall be less than $250,000, such amount shall be transferred on such date to the 2023 Series N subaccount of the Revenue Fund rather than to the 2023 Series N 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 Moody’s, 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. (End of Article V)
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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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to Unexpended Bond Proceeds

  • Proceeds The Company shall use the proceeds from the issuance and sale of the Securities as set forth in “Use of Proceeds to issuer” in the Offering Circular.

  • Trust Account Proceeds Prior to the liquidation of the Trust Account in the event the Company has not completed a Business Combination as required by its Charter Documents (the “Termination Date”), interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the Prospectus.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Net Proceeds The Company will apply the net proceeds from the Offering and the sale of the Private Placement Warrants received by it in a manner consistent with the applications described under the caption “Use of Proceeds” in the Statutory Prospectus and the Prospectus.

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