Use of Lease Proceeds. On the Closing Date, all proceeds of the Lease Agreement in the amount of $2,025,328 are expected to be deposited in the Acquisition Fund and used to pay costs of the Financed Asset.
Use of Lease Proceeds. The Lease Proceeds of the Agreement are $[ ] (issue price of $[ ]). The Lease Proceeds will be applied, either directly or indirectly to the cost of the Equipment, by payment to or reimbursement of the Vendors of the Equipment. Of these sale proceeds, no more than $[ ]will be expended on the date of issuance on the Agreement to pay costs of issuance, which amount is equal to or less than two percent (2%) of the amount of the Lease Proceeds. Regarding the costs of issuance, any such amount in excess of $[ ] shall be paid by the Lessee from its own equity contribution. No Lease Proceeds will be used to pay, refund, retire or replace any governmental obligations previously issued.
Use of Lease Proceeds. Section 4.1 Deposit of Lease Proceeds Amount; Investment of Amounts in Local Account 12 Section 4.2 Agreement to Accomplish Project 12 Section 4.3 Disbursement of Lease Proceeds and Earnings 13 Section 4.4 No Sufficiency Warranty by VRA; Local Government Required to Complete Project 14 Section 4.5 Release of Portion(s) of Leased Property 14
Use of Lease Proceeds. On the Closing Date, all proceeds of the Lease in the amount of $1,238,897.62, are expected to be deposited in the escrow fund established by the Escrow Agent pursuant to the terms of the Escrow Agreement (the “Escrow Fund”) and used to pay costs of the Financed Assets.
Use of Lease Proceeds
