Examples of Rebate Fund in a sentence
Upon receipt of such computation, the Trustee shall at the direction of the Corporation deposit such amount in the Rebate Fund from the 2023 Construction Account, the Operation Fund or investment earnings on the Sinking Fund.
Whenever the amounts contained in the Sinking Fund, Redemption Fund and Operation Fund are sufficient, together with any other funds deposited with the Trustee by the Corporation (other than amounts deposited into the Rebate Fund), to redeem, upon the next redemption date, all Bonds secured thereby then outstanding after accounting for the intervening uses of such amounts, the Trustee shall apply the amounts in such Funds to the redemption of such Bonds pursuant to Article IV hereof.
Funds invested for the Sinking Fund and Rebate Fund shall mature prior to the time the funds invested will be needed for payment of principal of and interest on the Bonds or rebate to the United States government.
There is hereby created and designated an "Oklahoma Turnpike System Series 2018A Bonds Rebate Fund" (referred to herein as the "Series 2018A Bonds Rebate Fund") to the credit of which there shall be deposited such amounts as shall be required to satisfy the Rebate Requirement (as defined in the Arbitrage and Use of Proceeds Certificate) and for payment to the federal government of the United States of America.
Amounts held to the credit of the Series 2018A Bonds Rebate Fund shall be invested and applied in accordance with the Arbitrage and Use of Proceeds Certificate.