Creation of Acquisition Fund. (a) There is hereby created a special trust fund to be known as the “City of Flagstaff, Arizona Renewable Energy Equipment Acquisition Fund” (the “Acquisition Fund”) to be held in trust by the Acquisition Fund Custodian for the purposes stated herein, for the benefit of Lessor and Lessee, to be held, disbursed and returned in accordance with the terms hereof.
Creation of Acquisition Fund. (a) There is hereby created a special trust fund to be known as the “ Acquisition Fund” (the “Acquisition Fund”) to be held in trust by the Acquisition Fund Custodian for the purposes stated herein, for the benefit of Lessor and Lessee, to be held, disbursed and returned in accordance with the terms hereof.
Creation of Acquisition Fund. (a) There is hereby created a special trust fund to be known as the “Monterey County Acquisition Fund” (the “Acquisition Fund”) to be held in trust by the Custodian for the purposes stated herein, for the benefit of the County, to be held, disbursed and returned in accordance with the terms hereof.
Creation of Acquisition Fund. (a) There is hereby created a special trust fund to be known as the “City of Snyder, Texas Acquisition Fund” (the “Acquisition Fund”) to be held in trust by the Acquisition Fund Custodian for the purposes stated herein, for the benefit of Lessor and Lessee, to be held, disbursed and returned in accordance with the terms hereof.
Creation of Acquisition Fund. There is hereby created and established a trust fund in the name of the Authority but for the account of the Borrower to be held by the Trustee and designated the "Acquisition Fund" for the payment of the Costs of the Project. The Acquisition Fund shall consist of any other amounts the Authority, the Bank, or the Borrower, upon written direction from the Bank, may deposit or cause to be deposited therein including any moneys from the damage, destruction or condemnation of the Project as set forth in Section 5.24 of the Loan Agreement. The amounts in the Acquisition Fund, until applied as hereinafter provided in Section 408 hereof, shall be held for the Security of all Bonds Outstanding hereunder. The Trustee shall maintain a record of the income on investments and interest earned on deposit of amounts held in the Acquisition Fund and on proceeds of Bonds in respect of accrued or capitalized interest held by the Trustee as Revenues. Subject to the provisions of Section 413 hereof, such income or interest may be expended at any time or from time to time to pay Costs of the Project in the same manner as the moneys deposited in the Acquisition Fund are expended.
Creation of Acquisition Fund. There is hereby created by the Issuer and ordered established with the Trustee an irrevocable trust fund to be designated “Local Building Authority of South Weber City, Utah Lease Revenue Bonds Acquisition Fund,” which shall be expended in accordance with the provisions of the Master Lease and this Article IV.
