Application of Proceeds of Bonds. The proceeds received on the Closing Date by the Issuer from the sale of the Bonds shall be deposited with the Bondowner Representative, who shall deposit any portion of such proceeds which are not to be concurrently disbursed to or for the account of the Borrower into the Program Fund created pursuant to Section 3.03. The Bondowner Representative shall deposit any portion of any future advance of the purchase price of the Bonds which is not to be concurrently disbursed to or for the account of the Borrower into the Program Fund.
Application of Proceeds of Bonds. On the date of issuance of the Bonds, the Issuer shall cause the proceeds of the Bonds to be deposited in the Construction Fund pursuant to Section 7.02 of the Indenture and applied as provided therefor.
Application of Proceeds of Bonds. (A) The Issuer shall deposit with the Trustee all of the proceeds from the sale of the Bonds, including accrued interest payable on the Bonds. The Trustee shall deposit the proceeds from the sale of the Bonds as follows: (1) the portion of the proceeds of the Bonds representing accrued interest on the Bonds into the Bond Fund, and (2) the Trustee shall deposit the remainder of such proceeds into the Project Fund.
Application of Proceeds of Bonds. On the date of issuance of -------------------------------- the Bonds, the proceeds of the Bonds (such amount being equal to $4,100,000) shall be deposited in the Acquisition/Construction Fund pursuant to Section 7.02 and applied as provided therefor.
Application of Proceeds of Bonds. The proceeds received by the Authority from the sale of the Bonds in the amount of $19,500,000 shall be deposited with the Trustee in the Bond Proceeds Fund, which the Trustee shall establish hereunder and hold in trust. The Trustee shall transfer such money in the Bond Proceeds Fund upon Written Order of the Borrower to repay the Interim Loan and thereby refunding the Prior Bonds. Upon completion of the foregoing transfer, the Bond Proceeds Fund shall close.
Application of Proceeds of Bonds. The City shall cause the proceeds from the sale of the Bonds in the amount of $ to be set aside as follows:
Application of Proceeds of Bonds. (a) Proceeds from the sale of the Series 2021 Bonds shall be transferred to the Escrow Agent or deposited by the Trustee to the Funds and Accounts created herein as follows:
Application of Proceeds of Bonds. The Borrower agrees to apply the proceeds of the Bonds as provided in Section 501 of the Indenture solely for the Project.
Application of Proceeds of Bonds. Immediately upon the receipt thereof, the proceeds of the sale of the Bonds shall be deposited with the Trustee and apportioned between the Bond Fund and the Project Fund in the following manner:
Application of Proceeds of Bonds. On the Delivery Date the proceeds of sale of the Bonds shall be paid to the Trustee and such amount, together with moneys transferred from the funds and accounts held in connection with the Prior Bonds under the Prior Indenture, shall be applied as follows:
