Common use of Excess Proceeds Clause in Contracts

Excess Proceeds. If any funds remain in the Agency Project Account after Final Completion, the Agency may instruct the Trustee to (i) disburse such funds to the Agency to pay costs of an eligible project (with a favorable opinion of bond counsel) as provided in Section [__] of the Indenture, or (ii) apply such funds to current payments under this Agreement.

Appears in 3 contracts

Sources: Installment Payment Agreement, Installment Payment Agreement, Guaranteed Savings Agreement