Application of Principal Account. (a) All amounts in the Principal Account shall be used and withdrawn by the Trustee solely for the purpose of paying the principal or Mandatory Sinking Account Payments of the Bonds, as provided herein with respect to Bonds.
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Application of Principal Account. (a) All amounts in the Principal Account shall be used and withdrawn by the Bond Trustee solely for the purpose of paying the principal or Mandatory Sinking Account Payments of the Bonds, as provided herein with respect to Bonds.
Appears in 1 contract
Samples: Indenture
Application of Principal Account. (a) All amounts in the Principal Account shall be used and withdrawn by the Trustee solely for the purpose purposes of paying the principal or Mandatory Sinking Account Payments of the Bonds when due and payable, except that all amounts in the Sinking Accounts shall be used and withdrawn by the Trustee solely to purchase or redeem or pay at maturity Term Bonds, as provided herein with respect to Bondsherein.
Appears in 1 contract
Application of Principal Account. (a) All amounts in the Principal Account shall be used and withdrawn by the Trustee solely for the purpose of paying to pay the principal or Mandatory Sinking Account Payments amount of the Bonds, as provided herein with respect to BondsBonds at their respective maturity dates.
Appears in 1 contract
Application of Principal Account. (a) All amounts in the Principal Account shall be used and withdrawn by the Trustee solely for the purpose of paying the principal or Mandatory Sinking Account Payments of the BondsBonds when due and payable, as provided herein with respect to Bondsherein.
Appears in 1 contract
Samples: Indenture
