Examples of Prior Project in a sentence
The Corporation will use and operate the Prior Project only in furtherance of its lawful corporate purposes.
If during any time any Bond is outstanding under the Bond Indenture the Corporation has retained a Manager to operate or manage the Prior Project on the Corporation’s behalf and any such Manager controls or holds moneys generated by the operation of the Prior Project in any account owned or controlled by the Manager, no such moneys shall constitute Category B Arena Revenues while such moneys are held by the Manager in its own account or accounts.
If the Net Proceeds of the condemnation award received as a result of any such condemnation or taking does not exceed $3,500,000, the Corporation may use the Net Proceeds (a) to replace any property taken in the condemnation proceedings or to make alterations or improvements to any portion of the Prior Project not so condemned or taken; or (b) for any lawful corporate purpose, subject to the Bond Insurer’s prior written approval.
Effecting Changes in Prior Project 10 ARTICLE V COLLECTION AND APPLICATION OF REVENUES 10 Section 5.01.
The Operation and Maintenance Account shall constitute a Lockbox Account as set out in Section 6.10 hereof and into which the Corporation shall deposit all Category B Arena Revenues received by the Corporation from time to time, whether such revenues are received by the Corporation from any Manager or directly by the Corporation in connection with the Prior Project.