Common use of Application of Moneys Collected Clause in Contracts

Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys), shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the Bonds, shall be credited against amounts due on the Lease.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the Bonds, shall be credited against amounts due on the LeaseLoan.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Energysouth Inc)

Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Bond Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the Bonds, shall be credited against amounts due on the Lease.

Appears in 2 contracts

Samples: Lease Agreement (Federal Home Loan Bank of Topeka), Lease Agreement

Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Bond Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the Bonds, shall be credited against amounts due on the LeaseLoan.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest on interest, upon presentation of the Bonds, shall be credited against amounts due on Bonds and the Lease.notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Loan Agreement

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Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the Bonds, shall be credited against amounts due on the under this Lease.

Appears in 1 contract

Samples: Lease (National Beef Packing Co LLC)

Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Bond Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the Bonds, shall be credited against amounts due on the LeaseLoan.

Appears in 1 contract

Samples: Loan Agreement

Application of Moneys Collected. Any moneys collected by the Bond Trustee pursuant to this Article, together with any other sums then held by the Bond Trustee as part of the Trust Estate Article (after the deductions for payment of costs and expenses of proceedings resulting in the collection of such moneys)) together with any other sums then held by the Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond Indenture and, in case of the distribution of such money on account of principal (or premium, if any) or interest on the BondsNotes, shall be credited against amounts due on the LeaseLoan.

Appears in 1 contract

Samples: Loan Agreement

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