Examples of Bond Proceeds in a sentence
If and to the extent that the Development Project’s actual PFDIF obligation is less than the PFDIF Bond Proceeds, such surplus shall remain in the Acquisition Account of the Project Fund and used for any lawful purpose pursuant to the Indenture.
If and to the extent that the Development Project’s actual Sewer Capacity Charges obligation exceeds the amount of the Sewer Capacity Charges Bond Proceeds, the balance of the Development Project’s Sewer Capacity Charges obligation shall be payable pursuant to the provisions of the Chula Vista Municipal Code.
Upon the deposit of the PFDIF Bond Proceeds in such account, such amount shall be credited against the Development Project’s PFDIF obligation.
Sewer Capacity Charges Bond Proceeds may be drawn by the City at any time.
If and to the extent that the Development Project’s actual PFDIF obligation exceeds the amount of the PFDIF Bond Proceeds, the balance of the PFDIF obligation shall be payable pursuant to the provisions of the Municipal Code.