Financing Proceeds definition
Examples of Financing Proceeds in a sentence
Any moneys collected by OBDD pursuant to section 9.A will be applied first, to pay any attorneys’ fees and other fees and expenses incurred by OBDD; then, to repay any Financing Proceeds owed; and last, to pay any other amounts due and payable under this Contract.
In the event OBDD defaults on any obligation in this Contract, Recipient’s sole remedy will be for disbursement of Financing Proceeds for Costs of the Project, not to exceed the Grant Amount, less any claims OBDD has against Recipient.
Recipient shall retain and keep accessible all books, documents, papers, and records that are directly related to this Contract, the Project or the Financing Proceeds for a minimum of six years, or such longer period as may be required by other provisions of this Contract or applicable law, following the Project Closeout Deadline.
Recipient may not transfer Financing Proceeds among line items in the budget without the prior written consent of OBDD.