No Other Replacement Proceeds. The Recipient will not use any of the Project Funds to replace funds of the Recipient which are or will be used to acquire investment property reasonably expected to produce a yield that is materially higher than the yield on the Bonds.
Appears in 6 contracts
Samples: Project Finance Agreement, Project Finance Agreement, Project Finance Agreement
No Other Replacement Proceeds. The Recipient will not use any of the Bond Funded Portion of the Project Funds to replace or substitute other funds of the Recipient that were otherwise to be used to finance the Project or which are or will be used to acquire securities, obligations or other investment property reasonably expected to produce a yield that is materially higher than the yield on the Bonds.
Appears in 2 contracts
Samples: Community Services District And, www.waterboards.ca.gov
No Other Replacement Proceeds. β The Recipient will not use any of the Bond Funded Portion of the Project Funds to replace or substitute other funds of the Recipient that were otherwise to be used to finance the Project or which are or will be used to acquire securities, obligations or other investment property reasonably expected to produce a yield that is materially higher than the yield on the Bonds.
Appears in 2 contracts
Samples: Construction Installment Sale Agreement, www.cityofpaloalto.org
