Common use of Insufficient Funds; Priority Clause in Contracts

Insufficient Funds; Priority. In the event there are insufficient funds in the SPV Operating Account to pay all Project Costs at any time, SPV shall disburse funds available within the SPV Operating Account for Project Costs on a pro rata basis to the parties entitled to such payments.

Appears in 1 contract

Sources: Pay for Success Agreement

Insufficient Funds; Priority. In the event there are insufficient funds in the SPV Operating Account to pay all Project Costs at any time, SPV shall disburse funds available within the SPV Operating Account for Project Costs on a pro rata basis to the parties entitled to such payments.to...

Appears in 1 contract

Sources: Pay for Success Agreement