Examples of Project Fund in a sentence
Proceeds of the loan shall be disbursed into the Project Fund on the date of closing of the loan.
There shall be established by the City a separate fund, to be held by the Lender and known as the "City of Lake Worth Beach, Florida Capital Improvement Revenue Note, Series 2024 Project Fund" (the “Project Fund”) which shall be used only for payment of the costs of the Project.
Moneys in the Project Fund, until applied in payment of any item of the cost of the Project in the manner hereinafter provided, shall be subject to a lien and charge in favor of the Lender and for the further security of the Lender.
Notwithstanding any of the other provisions of this Section 10(F), to the extent that other moneys are not available therefor, amounts in the Project Fund shall be applied to the payment of principal and interest on the Note when due.
Disbursements from the Project Fund shall be made by requisition of the City, executed by the Mayor, City manager of the City or City finance director, in the form attached hereto as Exhibit B, which may be sent via email to Xxxxxxxxxxx@xxxxxxx.xxx, Xxxxxxx.Xxxxxxxx@xxxxxxx.xxx and xxxxx.xxxxxx@xxxxxxx.xxx.