City to Deposit Funds Sample Clauses

City to Deposit Funds. The City will duly and punctually deposit with the Bank, at the Designated Payment/Transfer Office, on or before each Stated Maturity of interest on Securities and each Maturity of Securities, money sufficient to pay the principal (and Redemption Price, if applicable) of and interest on the Securities when due.
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City to Deposit Funds. The City will duly and punctually deposit with the Bank, at its corporate trust office in Houston, Texas, on or before each Stated Maturity of interest on Obligations and each Maturity of Obligations, money sufficient to pay the principal (and Redemption Price, if applicable) of and interest on the Obligations when due.
Sample 1

Related to City to Deposit Funds

  • Release of Escrow Securities to Depositary The Escrow Agent will release from escrow the tendered escrow securities when the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that: (a) the terms and conditions of the business combination have been met or waived; and (b) the escrow securities have either been taken up and paid for or are subject to an unconditional obligation to be taken up and paid for under the business combination.

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