Common use of Lease Proceeds Clause in Contracts

Lease Proceeds. All money received from a lease entered into under subsection (b) shall be retained by the Superintendent of the Naval TITLE 10—ARMED FORCES Page 1800 Academy and shall be available to cover ex- penses related to the property described in sub- section (a), including reimbursing nonappropri- ated fund instrumentalities of the Naval Acad- emy.

Appears in 1 contract

Sources: Qualified Account Control Agreement

Lease Proceeds. All money received from a lease entered into under subsection (b) shall be retained by the Superintendent of the Naval TITLE 10—ARMED FORCES Page 1800 Academy and shall be available to cover ex- penses related to the property described in sub- section (a), including reimbursing nonappropri- ated fund instrumentalities of the Naval Acad- emy.

Appears in 1 contract

Sources: Qualified Account Control Agreement