Creation of Project Fund. There is hereby created as a separate account in the custody of the Trustee a trust fund designated the “Project Fund.” Pending disbursement pursuant to this Trust Agreement, the proceeds of the sale of the Series 2020 Bonds deposited in the Project Fund pursuant to Section 5.1 hereof, together with any other moneys and Eligible Investments held to the credit of the Project Fund, shall be held as security for the payment of the Series 2020 Bonds.
Creation of Project Fund. There is hereby established in the custody of the Trustee a special trust fund in the name of the Issuer to be designated the “City of Xxxxxx Springs, Kansas, Project Fund for Industrial Revenue Bonds (Taxable Under Federal Law), Series 2019 (Reddi Services Project)” (the “Project Fund”). The Trustee may create separate subaccounts in the Project Fund for each series of Bonds issued pursuant to this Indenture.
Creation of Project Fund. There is hereby created as a separate account in the custody of the Custodian a fund designated the “Project Fund.” Within the Project Fund shall be created the Series 2018 Account. Pending disbursement pursuant to this Indenture, (i) the proceeds of the sale of the Series 2018 Bond related to the costs of the Project Facilities shall be deposited into the Series 2018 Account of the Project Fund pursuant to Section 5.1 hereof, together with any other moneys and Eligible Investments held to the credit of the Project Fund, shall be held as security for the payment of the Series 2018 Bond.
Creation of Project Fund. There is created by the Issuer and ordered maintained as a separate deposit account (except when invested as provided hereinafter) in the custody of the Trustee, a trust fund designated "City of Elkhart, Indiana - Jamexxx Xxxs, Inc. Project Fund". The proceeds of the Project Bonds shall be deposited therein; provided, however, any proceeds representing accrued interest on the Project Bonds shall be deposited in the Bond Fund. Unless otherwise set forth in the applicable Bond Ordinance or Supplemental Indenture relating to the issuance of a series of Additional Bonds, there shall be deposited in the Project Fund the proceeds of the sale of any Additional Bonds, other than any proceeds representing accrued interest which shall be deposited in the Bond Fund pursuant to Section 5.03 hereof. If the unexpended proceeds of a prior issue of Bonds remain in the Project Fund upon the issuance of any Additional Bonds, the Trustee shall establish a separate subaccount within the Project Fund, for accounting purposes, for the deposit of the proceeds of the issue of Additional Bonds in accordance with this Section. Pending disbursement pursuant to the Agreement, the moneys and Eligible Investments to the credit of the Project Fund shall constitute a part of the Revenues assigned to the Trustee as security for the payment of the Bond Service Charges.
Creation of Project Fund. There is hereby created and ordered to be established in the custody of the Trustee a special trust fund in the name of the Issuer to be designated the "City of Olathe, Kansas, Project Fund (DCI, Inc. Project)." Section 502. Deposits into the Project Fund. The following funds shall be paid over to and deposited by the Trustee into the Project Fund, as and when received:
Creation of Project Fund. There is hereby created and ordered to be established in the custody of the Trustee a special trust fund in the name of the Issuer to be designated the "Unified Government of Wyandotte County/Kansas City, Kansas, Project Fund (EPA Laboratory Project)" (the "Project Fund"). The Trustee is authorized and directed to (a) establish a separate account within the Project Fund with respect to the Series 2001 Bonds, to be designated as the "Series 2001 Project Account," and (b) establish a separate account within the Project Fund with respect to each series of Additional Bonds as provided in the applicable Supplemental Indenture.
Creation of Project Fund. (a) There is hereby established with the Trustee a trust fund designated "Project Fund" for the payment of Costs of the Projects. There shall be deposited in each account and subaccount in the Project Fund an amount of the proceeds from the sale of the Bonds as shall be specified in a written order from an Authorized Representative of the Issuer to be delivered simultaneously with the delivery of the Bonds. The Trustee shall maintain a record of the income on investments and interest earned on amounts held in the Project Fund, including the Capitalized Interest Account. Such income or interest shall be transferred by the Trustee on the last Business Day of each calendar month to the Capitalized Interest Account.
Creation of Project Fund. 40 SECTION 5.02 Disbursements from and Records of Project Fund.................................................... 40 SECTION 5.03 Disposition of Excess Bond Proceeds............................................................... 40 SECTION 5.04 Bond Fund......................................................................................... 40 SECTION 5.05 Investment of Bond Fund, Project Fund and Rebate Fund............................................. 42 SECTION 5.06 Bond Fund Moneys to be Held in Trust.............................................................. 44 SECTION 5.07 Nonpresentment of Bonds........................................................................... 44 SECTION 5.08 Creation of Rebate Fund........................................................................... 44 SECTION 5.09 Letter of Credit.................................................................................. 46
Creation of Project Fund. There is hereby established with ------------------------ the Trustee a trust fund designated "Project Fund" for the payment of Project Costs. There shall be deposited in the Project Fund all proceeds of the sale of the Bonds and any equity contribution of the Borrower. The Trustee shall maintain a record of the income on investments and interest earned on amounts held in the Project Fund and on proceeds of Bonds held in respect of accrued or capitalized interest held by the Trustee as Revenues. Subject to the provisions of Section 5.08, such income or interest may be expended at any time or from time to time to pay the Project Costs in the same manner as the proceeds of Bonds deposited in the Project Fund are expended. Pending disbursement pursuant to the Financing Agreement, the moneys and Eligible Investments to the credit of the Project Fund shall be held as security for the outstanding Bonds and for the Borrower's obligations under the Reimbursement Agreement.
Creation of Project Fund. There is created and ordered maintained as a separate deposit account (except when invested as provided hereinafter) in the custody of the Trustee, a trust fund designated “The Industrial Development Authority of the County of Pima - Global Water Resources, LLC Project Fund” and the “Construction Account,” and the “Cost of Issuance Account” therein. If the unexpended proceeds of a prior series of Bonds remain in the Project Fund upon the issuance of any Additional Bonds, the Trustee shall establish a separate subaccount within the Project Fund, for accounting purposes, for the deposit of the proceeds of the issue of Additional Bonds in accordance with this Section. Pending disbursement pursuant to the Agreement, the moneys and Eligible Investments to the credit of the Project Fund shall constitute a part of the Revenues assigned to the Trustee as security for the payment of the Bond Service Charges on the Bonds.
