MSBP Surplus Sample Clauses
The MSBP Surplus clause defines how any excess funds or assets remaining in a Master Security Bond Program (MSBP) are handled after all obligations have been satisfied. Typically, this clause specifies the process for calculating the surplus and designates who is entitled to receive it, such as returning the surplus to the principal or distributing it among stakeholders. Its core practical function is to ensure transparency and fairness in the allocation of leftover resources, preventing disputes over surplus distribution once the program's primary obligations are fulfilled.
MSBP Surplus. In the event the MSBP Expense is less than the MSBP Budget, fifty percent (50%) of the surplus shall be allocated to Medical Group.
MSBP Surplus. In the event the MSBP Expense is less than the MSBP Budget, *** of the surplus shall be allocated to Medical Group.
MSBP Surplus. In the event the MSBP Expense is less than the MSBP Budget, [ ** ] of the surplus shall be allocated to the Medical Group, but not more than [ ** ] of the MSBP Budget for the calendar year.
MSBP Surplus. In the event the MSBP Expense is less than the MSBP Budget, *** of the surplus shall be allocated to Medical Group up to *** per Secure Horizons Member per month.