Common use of Creation of Funds and Accounts Clause in Contracts

Creation of Funds and Accounts. 1. The following fund and the following accounts therein, which shall be a special fund and accounts to be held by the Trustee, are hereby created and designated as set forth below: (a) Bond Fund (b) Interest Account (c) Principal Account (d) Redemption Account (e) Acceleration Account The designation of each fund and account set forth above shall include the term "The Brooklyn Union Gas Company d/b/a KeySpan Energy Delivery New York Project 2005 Series B," which term shall precede the designation as set forth above. Such fund and each such account is, however, sometimes referred to herein as set forth above. 2. The Bond Fund and the accounts therein shall be held in the custody of the Trustee. All monies required to be deposited with or paid to the Trustee under any provision of this Indenture shall be held by the Trustee in trust and applied only in accordance with the provisions of this Indenture and shall be trust funds for the purposes specified in this Indenture.

Appears in 1 contract

Samples: Indenture of Trust (Keyspan Corp)

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Creation of Funds and Accounts. 1. (a) The following fund and the following accounts therein, which shall be a special fund and accounts to be held by the Trustee, are hereby created and designated as set forth below:: Bond Fund (a) Bond Fund Interest Account (b) Interest Account Principal Account (c) Principal Account Redemption Account (d) Redemption Account (e) Acceleration Account The designation of each fund and account set forth above shall include the term "The Brooklyn Union Gas Consolidated Edison Company d/b/a KeySpan Energy Delivery of New York Project 2005 York, Inc. Series B2001B," which term shall precede the designation as set forth above. Such fund and each such account is, however, sometimes referred to herein as set forth above. 2. (b) The Bond Fund and the accounts therein shall be held in the custody of the Trustee. All monies required to be deposited with or paid to the Trustee under any provision of this Indenture shall be held by the Trustee in trust and applied only in accordance with the provisions of this Indenture and shall be trust funds for the purposes specified in this Indenture.

Appears in 1 contract

Samples: Trust Indenture (Consolidated Edison Inc)

Creation of Funds and Accounts. 1. (a) The following fund and the following accounts therein, which shall be a special fund and accounts to be held by the Trustee, are hereby created and designated as set forth below:: Bond Fund (a) Bond Fund Interest Account (b) Interest Account Principal Account (c) Principal Account (d) Redemption Account (e) Acceleration Account The designation of each fund and account set forth above shall include the term "The Brooklyn Union Gas Consolidated Edison Company d/b/a KeySpan Energy Delivery of New York Project 2005 York, Inc. Series B1999A," which term shall precede the designation as set forth above. Such fund and each such account is, however, sometimes referred to herein as set forth above. 2. (b) The Bond Fund and the accounts therein shall be held in the custody of the Trustee. All monies required to be deposited with or paid to the Trustee under any provision of this Indenture shall be held by the Trustee in trust and applied only in accordance with the provisions of this Indenture and shall be trust funds for the purposes specified in this Indenture.

Appears in 1 contract

Samples: Trust Indenture (Consolidated Edison Co of New York Inc)

Creation of Funds and Accounts. 1. (a) The following fund and the following accounts therein, which shall be a special fund and accounts to be held by the Trustee, are hereby created and designated as set forth below: (a) : Bond Fund (bi) Interest Account (cii) Principal Account (diii) Redemption Account (eiv) Acceleration Account The designation of each fund and account set forth above shall include the term "The Brooklyn Union Gas “Consolidated Edison Company d/b/a KeySpan Energy Delivery of New York Project 2005 York, Inc. Series B2005A," which term shall precede the designation as set forth above. Such fund and each such account is, however, sometimes referred to herein as set forth above. Separate funds and accounts shall be maintained, pursuant to the provisions of this Article IX, for subseries of Bonds that bear interest at interest rate modes not covered by a Liquidity Facility. 2. (b) The Bond Fund and the accounts therein shall be held in the custody of the Trustee. All monies moneys required to be deposited with or paid to the Trustee under any provision of this Indenture shall be held by the Trustee in trust and applied only in accordance with the provisions of this Indenture and shall be trust funds for the purposes specified in this Indenture.

Appears in 1 contract

Samples: Trust Indenture (Consolidated Edison Co of New York Inc)

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Creation of Funds and Accounts. 1. (a) The following fund and the following accounts therein, which shall be a special fund and accounts to be held by the Trustee, are hereby created and designated as set forth below:: Bond Fund (a) Bond Fund Interest Account (b) Interest Account Principal Account (c) Principal Account Redemption Account (d) Redemption Account (e) Acceleration Account The designation of each fund and account set forth above shall include the term "The Brooklyn Union Gas Consolidated Edison Company d/b/a KeySpan Energy Delivery of New York Project 2005 York, Inc. Series B2001A," which term shall precede the designation as set forth above. Such fund and each such account is, however, sometimes referred to herein as set forth above. 2. (b) The Bond Fund and the accounts therein shall be held in the custody of the Trustee. All monies required to be deposited with or paid to the Trustee under any provision of this Indenture shall be held by the Trustee in trust and applied only in accordance with the provisions of this Indenture and shall be trust funds for the purposes specified in this Indenture.

Appears in 1 contract

Samples: Trust Indenture (Consolidated Edison Inc)

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