Common use of Unexpended Bond Proceeds Clause in Contracts

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Series Q subaccount of the Acquisition Account that are not used to purchase 2023 Series Q Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2023 Series Q subaccounts of the Class I Special Redemption Account and the 2023 Series Q subaccount of the Class I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2024 and applied to the redemption of 2023 Series Q Bonds; provided, that if on the date of transfer, the amount to be withdrawn by the Trustee shall be less than $250,000, such amount shall be transferred on such date to the 2023 Series Q subaccount of the Revenue Fund rather than to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

Unexpended Bond Proceeds. Subject to the requirements of Section 5.2(b) hereof, moneys in the 2023 2024 Series Q A subaccount of the Acquisition Account that are not used to purchase 2023 2024 Series Q A Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2023 2024 Series Q A subaccounts of the Class I Special Redemption Account and the 2023 2024 Series Q A subaccount of the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 2024 Series Q A Bonds shall be transferred not later than October 1, 2024 and applied to the redemption of 2023 2024 Series Q A 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 2024 Series Q A subaccount of the Revenue Fund rather than to the 2023 2024 Series Q A 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’xMoody’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)

Unexpended Bond Proceeds. Subject to the requirements of Section 5.2(b) hereof, moneys in the 2023 2024 Series Q B subaccount of the Acquisition Account that are not used to purchase 2023 2024 Series Q B Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2023 2024 Series Q B subaccounts of the Class I Special Redemption Account and the 2023 2024 Series Q B 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 2024 Series Q B Bonds shall be transferred not later than October January 1, 2024 2025 and applied to the redemption of 2023 2024 Series Q B 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 2024 Series Q B subaccount of the Revenue Fund rather than to the 2023 2024 Series Q B 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’xMoody’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)

Unexpended Bond Proceeds. Subject to the requirements of Section 5.2(b) hereof, moneys in the 2023 Series Q N subaccount of the Acquisition Account that are not used to purchase 2023 Series Q N Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2023 Series Q N subaccounts of the Class I Special Redemption Account and the 2023 Series Q 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 Q N Bonds shall be transferred not later than October August 1, 2024 and applied to the redemption of 2023 Series Q 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 Q N subaccount of the Revenue Fund rather than to the 2023 Series Q 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 Xxxxx’xMoody’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)

Unexpended Bond Proceeds. Subject to the requirements of Section 5.2(b) hereof, moneys in the 2023 2024 Series Q C subaccount of the Acquisition Account that are not used to purchase 2023 2024 Series Q C Mortgage Loans, shall be withdrawn by the Trustee and transferred to the 2023 2024 Series Q C subaccounts of the Class I Special Redemption Account and the 2023 2024 Series Q C 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 2024 Series Q C Bonds shall be transferred not later than October February 1, 2024 2025 and applied to the redemption of 2023 2024 Series Q C Bonds, other than the Premium Offered 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 2024 Series Q C subaccount of the Revenue Fund rather than to the 2023 2024 Series Q C 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’xMoody’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)