Common use of Costs of Issuance Account Clause in Contracts

Costs of Issuance Account. Notwithstanding Section 6.04 of the Trust Agreement, upon the earlier of (i) receipt of a certificate executed by an Authorized Officer of the Board stating that all Costs of Issuance relating to the Series 2011A Certificates have been paid or (ii) 180 days after the dated date of the Series 2011A Certificates, the Trustee shall transfer any amounts remaining in the Series 2011A Subaccount of the Costs of Issuance Account to the Series 2011A Subaccount of the Interest Account to pay interest next due on the Series 2011A Certificates.

Appears in 2 contracts

Samples: Series 2011a Supplemental Trust Agreement, Series 2011a Supplemental Trust Agreement

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Costs of Issuance Account. Notwithstanding Section 6.04 of the Trust Agreement, upon the earlier of (i) receipt of a certificate executed by an Authorized Officer of the Board stating that all Costs of Issuance relating to the Series 2011A 2013A Certificates have been paid or (ii) 180 days after the dated date of the Series 2011A 2013A Certificates, the Trustee shall transfer any amounts remaining in the Series 2011A 2013A Subaccount of the Costs of Issuance Account to the Series 2011A 2013A Subaccount of the Interest Account to pay interest next due on the Series 2011A 2013A Certificates.

Appears in 1 contract

Samples: Series 2013a Supplemental Trust Agreement

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Costs of Issuance Account. Notwithstanding Section 6.04 of the Trust Agreement, upon the earlier of (i) receipt of a certificate executed by an Authorized Officer of the Board stating that all Costs of Issuance relating to the Series 2011A 2011B Certificates have been paid or (ii) 180 days after the dated date of the Series 2011A 2011B Certificates, the Trustee shall transfer any amounts remaining in the Series 2011A 2011B Subaccount of the Costs of Issuance Account to the Series 2011A 2011B Subaccount of the Interest Account to pay interest next due on the Series 2011A 2011B Certificates.

Appears in 1 contract

Samples: Supplemental Trust Agreement

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