Bond Purchase Fund. There is hereby established and there shall be maintained with the Paying Agent, as agent for the Trustee, for the benefit of the Owners (but not pledged thereto) of the 2024 Series A-2 Bonds, a separate fund to be known as the “Bond Purchase Fund.” The Paying Agent shall further establish separate accounts within the Bond Purchase Fund to be known as the “Standby Purchase Account” and the “Remarketing Proceeds Account.”
Bond Purchase Fund. (a) There is hereby established a special trust fund in the name of the Issuer which shall be designated the "Industrial Development Revenue Bonds (Color Image, Inc. Project) Bond Purchase Fund, Series 1999". The Bond Purchase Fund shall contain three accounts: (i) the "Letter of Credit Account," (ii) the "Remarketing Proceeds Account" and (iii) the "General Account." The Trustee shall be the custodian for the Bond Purchase Fund, and money in such Fund may be disbursed by the Trustee as hereinafter provided. The money in the Bond Purchase Fund shall be used (i) to pay the purchase price of Bonds due on any Tender Date or (ii) to reimburse the Credit Obligor for amounts drawn under the Letter of Credit, as provided in subsection (c) of this Section.
(b) There shall be deposited in the Bond Purchase Fund, as and when received:
(1) in the manner provided in subsection 8.02(c), all money drawn by the Trustee under the Letter of Credit for the purpose of paying the purchase price of Bonds due on any Tender Date, which shall be deposited in the Letter of Credit Account,
(2) the proceeds of any remarketing of Bonds by the Remarketing Agent, shall be deposited in the Remarketing Proceeds Account,
(3) all other money required to be deposited in the Bond Purchase Fund pursuant to the Loan Agreement or this Indenture, which shall be deposited in the General Account, and
(4) all other money received by the Trustee when accompanied by directions that such money is to be deposited in the Bond Purchase Fund, which shall be deposited in the General Account.
(c) If the Letter of Credit is then in effect, on each Tender Date, the Trustee shall, without making any prior claim or demand upon the Users for Basic Payments with respect to the purchase price of Tendered bonds, and without taking into account any proceeds anticipated (but not then received) from the remarketing of Bonds by the Remarketing Agent, submit a draft under the Letter of Credit in accordance with the terms thereof(i) in an amount equal to the purchase price of all Bonds to be purchased on such Tender Date and (ii) by such time (as stated in the Letter of Credit) in advance as shall enable the Trustee to pay said purchase price from the proceeds of such draft on said Tender Date in accordance with the provisions of this Indenture with respect thereto. Any such money drawn under the Letter of Credit shall be deposited and held in the Letter of Credit Account, which is a separate, segregated account in the B...
Bond Purchase Fund. Pursuant to Section 4.02(d) of the Participation Agreement, the Company has agreed that the Company shall, to the extent not paid from a draw or payment under a Liquidity Facility, pay an amount to the Trustee for payment to, or directly to, the Registrar and Paying Agent for deposit in the Bond Purchase Fund and credit to the Company Account therein established under the Bond Purchase Trust Agreement to be applied to the payment of the Purchase Price of any Bond pursuant to the Bond Purchase Trust Agreement to the extent not otherwise provided from the sources described in the Bond Purchase Trust Agreement. In the event sufficient funds are not available under Section 2.03(a)(i) of the Bond Purchase Trust Agreement to pay such Purchase Price on the date of purchase of any Bonds pursuant to Section 5.03, 5.04, 5.08 or 5.09 hereof, the Registrar and Paying Agent shall request a draw or payment under the Liquidity Facility in accordance with the terms thereof in the amount required, together with amounts, if any, available under Section 2.03(a)(i) of the Bond Purchase Trust Agreement, to pay the Purchase Price of such Bonds on such date of purchase, and shall cause the proceeds of such draw or payment to be deposited in the Bond Purchase Fund under the Bond Purchase Trust Agreement and credited to the Liquidity Facility Proceeds Account therein. The Registrar and Paying Agent shall notify the Company of the amount and date of such request. The Remarketing Agent shall notify the Registrar and Paying Agent and the Trustee, at or prior to 12:15 p.m. (New York City time) on a specified purchase date, of the amount of the proceeds of the related remarketing, and shall specify whether remarketing proceeds (excluding any such proceeds from the Company, the Authority or an affiliate of either) equal to the full amount of the Purchase Price payable on such purchase date are held by the Remarketing Agent and will be available on such purchase date for the payment of such Purchase Price, and, if the amount of such remarketing proceeds that will be available on such purchase date for the payment of such Purchase Price shall not be equal to the full amount of the Purchase Price payable on such purchase date, such notice shall specify the amount of the deficiency. By 12:45 p.m. (New York City time) on such purchase date, the Remarketing Agent shall pay to the Registrar and Paying Agent, for deposit in the Bond Purchase Fund and credit to the Remarketing Proceeds Account, ...
Bond Purchase Fund. (a) All moneys deposited in or transferred to the Bond Purchase Fund shall be applied to the purposes, and administered and distributed by the Tender Agent, solely as provided in Section
Bond Purchase Fund. Amounts derived from the sources described in Section 3.02(a) and (b) to pay the Purchase Price of Bonds and, except amounts derived from the source described in Section 3.02(c) and (d), any other amounts deposited with the Trustee to be applied to pay the Purchase Price of Bonds will be deposited into the General Account of the Bond Purchase Fund. Amounts derived from the source described in Section 3.02(c) and (d) will be deposited into the Credit Facility Account of the Bond Purchase Fund. The Trustee will disburse money hi the Bond Purchase Fund (all disbursement to be made first from the General Account until it is depleted and thereafter from the Credit Facility Account) to pay the Purchase Price of Bonds tendered or deemed tendered pursuant to Section 3.01.
Bond Purchase Fund. The Indenture establishes a Bond Purchase Fund, which will be held by the Trustee. The Indenture provides that the Trustee will deposit in the Bond Purchase Fund (i) all money drawn by the Trustee under the Letter of Credit for the purpose of paying the purchase price of Bonds due on any Tender Date, (ii) all rental payments under the Lease Agreement with respect to the purchase price of tendered Bonds, (iii) the proceeds of any remarketing of Bonds by the Remarketing Agent, (iv) all other money required to be deposited in the Bond Purchase Fund pursuant to the Lease Agreement or the Indenture, and (v) any other money received by the Trustee with instructions to deposit the same in the Bond Purchase Fund. Money in the Bond Purchase Fund shall be used to pay the purchase price of Bonds due on any Tender Date. Funds for payment of the purchase price of Bonds other than Obligor Bonds shall be derived from the following sources in the order of priority indicated:
Bond Purchase Fund. The Trustee shall establish and maintain a separate fund to be known as the “Bond Purchase Fund” into which shall be deposited a portion of the proceeds of the sale of the Bonds in the amount set forth in Section 3.02(b). The Trustee shall disburse all amounts in the Bond Purchase Fund on the Closing Date to purchase the District Bonds. The Trustee shall transfer the funds in the Bond Purchase Fund upon receipt thereof to the Fiscal Agent for deposit pursuant to the Fiscal Agent Agreement. Following the disbursement of all amounts to purchase the District Bonds, the Trustee shall close the Bond Purchase Fund.
Bond Purchase Fund. The term ―Bond Purchase Fund‖ shall mean the fund with that name established with the Tender Agent pursuant to Section 2.27 hereof.
Bond Purchase Fund. There is hereby created a special trust fund, the name of which shall be the "Bond Purchase Fund." The Trustee shall be the custodian for the Bond Purchase Fund, and money in such Fund may be disbursed by the Trustee as hereinafter provided. Moneys on deposit in the Bond Purchase Fund shall be used (i) to pay the purchase price of Bonds due on any Tender Date or (ii) to reimburse the Credit Obligor for amounts drawn under the Letter of Credit, as provided in subsection (d) of this section.
Bond Purchase Fund. There is hereby created with the Paying Agent a segregated trust fund to be designated the "Bond Purchase Fund." The Bond Purchase Fund shall consist of the sub-accounts to be designated respectively the "Remarketing Account," the "Letter of Credit Purchase Account" and the "Company Purchase Account." The Paying Agent shall deposit or cause to be deposited into the Remarketing Account, when and as received, all moneys delivered to the Paying Agent as and for the Purchase Price of remarketed Bonds by or on behalf of the Remarketing Agent. The Paying Agent shall disburse moneys from the Remarketing Account to pay the Purchase Price of Bonds properly tendered for purchase upon surrender of such Bonds or to reimburse the Bank for drawings under the Letter of Credit for such purpose. The Trustee shall deposit or cause to be deposited into the Letter of Credit Purchase Account, when and as received, all proceeds from a drawing on the Letter of Credit pursuant to Section 4.3(b)(ii). The Paying Agent shall disburse moneys from the Letter of Credit Purchase Account to pay the Purchase Price of Bonds properly tendered for purchase upon surrender of such Bonds; provided that the Trustee shall not draw on the Letter of Credit to pay the Purchase Price of Bank Bonds or Company Bonds.
