Examples of Remainder Funds in a sentence
Upon death of the Beneficiary, any remaining funds will be distributed according to Section 12 Distributions of the Remainder Funds Upon the Death of the Beneficiary of this Agreement.
Any funds that remain after the distribution and reissuance of all payments from the Settlement Fund, including for settlement checks that are not cashed by the deadline to do so, will be Remainder Funds that shall be distributed to a charitable organization approved of by the Parties and subject to Court approval.
The Settlement Administrator shall sum the total of Base Payment Amounts for all Successful Claimants to determine whether there are any Remainder Funds, or whether aggregate Base Payment Amounts exceed Net Proceeds available for distribution to Successful Claimants.
For each month, beginning with the second Business Day following the Business Day on which the Lockbox Bank has determined that the Collected Funds exceed the Hurdle Amount for such month (the amount of such excess hereinafter is referred to as the "Remainder Funds"), Lockbox Bank shall remit the Remainder Funds to Borrowers until the end of such month.
Langdon to recommend to Common Council R-5-19 A Resolution Terminating City of Menasha Tax Increment District (TID) No. 5, Authorizing City Treasurer to Distribute Excess Increment to Overlying Taxing Districts, and Approving the Distribution of Remainder Funds from TID No. 5 Closure to Strong Neighborhoods Menasha Housing Program (Introduced by Mayor Merkes).