Examples of Redemption Fund in a sentence
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.
The Redemption Fund may be used to call Bonds for redemption or to purchase Bonds as stated in Sections 3.07 and 3.08 hereof.
At the request of the Corporation expressed by a certified resolution of its board of directors, the Trustee shall remove funds from the Operation Fund or the Redemption Fund to be used for the redemption of Bonds, or for the purchase of Bonds.