Common use of Subordination of Obligation to Make Advances Clause in Contracts

Subordination of Obligation to Make Advances. The Board’s obligation to make Advances is fully subordinate to the Board’s obligation to make payments of the sales tax proceeds pursuant to projects agreements between the Board and the Tulsa County Industrial Authority securing the payment of bonds issued by such Authority.

Appears in 13 contracts

Samples: Capital Improvements Agreement, Capital Improvements Agreement, Capital Improvements Agreement

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Subordination of Obligation to Make Advances. The Board’s obligation to make Advances is fully subordinate to the Board’s obligation to make payments of the sales tax proceeds pursuant to projects agreements between the Board and the Tulsa County Industrial Authority securing the payment of bonds issued by such the Authority.

Appears in 4 contracts

Samples: Capital Improvements Agreement, Capital Improvements Agreement, Capital Improvements Agreement

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Subordination of Obligation to Make Advances. The Board’s obligation to make Advances is fully subordinate to the Board’s obligation to make payments of the sales tax Sales Tax proceeds pursuant to projects agreements between the Board and the Tulsa County Industrial Authority securing the payment of bonds issued by such the Authority.

Appears in 1 contract

Samples: Capital Improvements Agreement

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