Common use of Use of Proceeds of the Project Bonds Clause in Contracts

Use of Proceeds of the Project Bonds. The proceeds of the sale of the Project Bonds shall be deposited with the Trustee and applied as provided in the Project Indentures and in this Agreement to finance the Project Costs, to defease certain existing bonds and to pay the expenses of issuance of the Project Bonds.

Appears in 4 contracts

Samples: Construction and Lease Agreement, Financing, Construction and Lease Agreement, Construction and Lease Agreement

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