Application of Moneys in City Bond Finance Fund Sample Clauses

Application of Moneys in City Bond Finance Fund. (a) Moneys credited to the City Bond Finance Fund pursuant to K.S.A. 79-3620(d), as amended, shall be available for transfer biannually to the Trustee for deposit in the Escrow Fund to pay debt service on the STAR Bonds in accordance with this Tax Distribution Agreement. Specifically, moneys in the City Bond Finance Fund may be used to pay principal of and interest on any series of STAR Bonds or replenish the Debt Service Reserve Fund to the Debt Service Reserve Requirement. Moneys in the City Bond Finance Fund shall not be used to pay the fees and expenses of the Trustee, the Dissemination Agent, the Issuer or the Rebate Analyst. Interest earnings on amounts on deposit in the City Bond Finance Fund shall be transferred to the State general fund.
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Application of Moneys in City Bond Finance Fund. (a) The State Treasurer shall cause the State Sales Tax Revenues credited to the City Bond Finance Fund pursuant to K.S.A. 79-3620(d), as amended, to be transferred biannually to the Escrow Agent for deposit in the Escrow Fund to (i) pay or reimburse principal of (whether by maturity, mandatory sinking fund redemption or special mandatory redemption) and interest on any series of Bonds, or (ii) replenish the Debt Service Reserve Fund to the Debt Service Reserve Requirement, all in accordance with this Tax Distribution Agreement. Moneys in the City Bond Finance Fund shall not be used to (A) pay arbitrage rebate due and payable with respect to any series of Bonds
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Related to Application of Moneys in City Bond Finance Fund

  • Application of Trust Money The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to this Article 8. It shall apply the deposited money and the money from U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Securities.

  • Invoicing for Charges Against the Judicial Council’s Master Account A. The Contractor shall establish a Master Account for the Judicial Council’s charges provided for under the exhibits of this Agreement.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

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