Creation of the Bond Fund. There is hereby created and established with the Trustee a trust fund to be designated "Bond Fund" which shall be used to pay when due the principal and Purchase Price of, premium, if any, and interest on the Bonds.
Creation of the Bond Fund. There is hereby created by the Issuer and ordered established with the Trustee a trust fund to be designated “Xxxxx County, Nevada Industrial Development Revenue Bonds (Southwest Gas Corporation Project) Series 2004A — Bond Fund” (the “Bond Fund”), which shall be used to pay the principal of and premium, if any, and the interest on the Bonds. If a Letter of Credit is applicable to the Bonds, the Trustee shall create within the Bond Fund an account called the “Letter of Credit Account,” into which all moneys drawn under any Letter of Credit to pay principal, interest, or redemption price (including premium, if any) of the Bonds shall be deposited and disbursed. Neither the Borrower nor the Issuer shall have any rights to or interest in the Letter of Credit Account. The Letter of Credit Account shall be established and maintained by the Trustee and held in trust apart from all other moneys and securities held under this Indenture or otherwise, and the Trustee shall have the exclusive and sole right of withdrawal of funds from the Letter of Credit Account for the exclusive benefit of the Holders of the Bonds. No moneys from the Letter of Credit Account may in any circumstance be used to pay principal or redemption price (including premium, if any) of or interest on any Bank Bonds or Borrower Bonds.
Creation of the Bond Fund. There is hereby created and established with the Trustee a trust fund to be designated "Private Activity Revenue Bonds, Series 1996 (Simmxxx Xxxpany Project), of the City of Shawnee, Kansas - Bond Fund," which shall be used to pay when due the principal and Purchase Price of, premium, if any, and interest on the Bonds. Within the Bond Fund there is hereby created and established certain trust accounts, to be designated the "General Account," the "Letter of Credit Account," and the "Remarketing Account." Moneys drawn under the Letter of Credit shall be deposited in the Letter of Credit Account and shall be held separate and apart from moneys derived from any other source. Moneys received from the Remarketing Agent shall be deposited in the Remarketing Account and shall be held separate and apart from moneys derived from any other source. Unless otherwise specified, all moneys received by the Trustee for deposit into the Bond Fund shall be credited to the General Account. Any reference herein to the "Bond Fund" without further qualification or explanation shall, unless the context indicates otherwise, constitute a reference to the General Account.
Creation of the Bond Fund. (a) There is hereby created as a separate account in the custody of the Trustee a trust fund to be designated the “Bond Fund.” There shall be deposited in the Bond Fund (and credited, as required by this Trust Agreement, to appropriate Accounts therein), the Base Payments to be made by the County to the Trustee (as the assignee of the Corporation) under the terms of the Facilities Agreement.
(b) The Bond Fund (and the Accounts therein) and the moneys and Eligible Investments therein shall be used solely and exclusively for the payment of principal of, premium, if any, and interest on the Series 2020 Bonds as the same respectively become due, except as otherwise provided in this Trust Agreement.
(c) The Trustee shall set aside from moneys in the Bond Fund amounts sufficient to make timely payments of the principal of, premium, if any, and interest on the Series 2020 Bonds as the same respectively become due.
(d) Amounts due with respect to the Series 2020 Bonds, except as provided in the remainder of this Section 5.5, shall be payable as they become due in the following order, (i) first, from amounts in the Bond Fund; (ii) second, from other Revenues to the extent available; and (iii) third, from any other source lawfully available to the Trustee, including without limitation, proceeds from the leasing of the Real Property and Project Facilities in accordance with the terms of the Facilities Agreement and the Sub- Base Lease.
Creation of the Bond Fund. There is hereby created and ordered established with the Trustee a trust fund to be designated the “Lake County, Florida Bond Fund — Village Veranda at Lady Lake Project 2017,” which shall be used to pay the principal of, and the interest on, the Series 2017 Bonds. There is also hereby created four (4) sub-accounts in the Bond Fund designated as the “2017A-1 Principal Account,” the “2017A-2 Principal Account,” the “2017A-1 Interest Account” and the “2017A-2 Interest Account.” There shall be paid into the respective accounts within the Bond Fund, as and when received,
(a) any amount remaining in the Construction Fund to the extent provided in Section 3.3(b) of the Agreement,
(b) all payments into the Bond Fund specified in Section 4.2 of the Agreement,
(c) all moneys required to be so deposited pursuant to Section 5.04 hereof, and
(d) all other moneys received by the Trustee under and pursuant to any of the provisions of this Indenture, the Agreement, or the Mortgage which are required or which are accompanied by directions that such moneys are to be paid into the Bond Fund. The Issuer agrees that so long as any of the Bonds are outstanding it will pay, or cause to be paid, into the respective accounts of the Bond Fund solely from the sources of payment described in Section
4.01 hereof sufficient moneys to promptly pay the principal of, and the interest on, the respective series of Bonds as the same become due and payable (including extraordinary, mandatory, mandatory taxable, or optional redemption). Except as provided in Sections 5.02, 9.07 and 10.02 hereof, moneys in the respective accounts of the Bond Fund shall be used solely for the payment of the principal (including redemption premiums) of, and the interest on, the respective Series of Bonds. No part of the payments to be made by the Obligated Group under the Agreement required to be paid into the Bond Fund (excluding prepayments under Section 7.1 of the Agreement and amounts paid in connection with the sinking fund requirements in this Indenture) shall be used to redeem, prior to maturity, the Bonds or any portions thereof; provided, that whenever the moneys held in the Bond Fund from any source whatsoever are sufficient to redeem all of the Bonds and to pay interest to accrue thereon prior to such redemption, at the direction of the Obligated Group the Issuer agrees to take and cause to be taken the necessary steps to redeem all of the Bonds on the next succeeding redemption date for which the req...
Creation of the Bond Fund. There is hereby created by the Issuer and ordered established with the Trustee a trust fund to be designated “The Industrial Development Corporation of Xxxxxxx County, Idaho, Solid Waste Disposal Revenue Bonds (Intrepid Technology and Resources Biogas, LLC Project) Series 2006, Bond Fund” (which is referred to herein as the “Bond Fund”), which shall be used to pay the principal of, premium, if any, and the interest on the Bonds.
Creation of the Bond Fund. There is hereby created and ordered established in the custody of the Trustee a special trust fund in the name of the City to be designated the "City of Olathe, Kansas, Industrial Revenue Bond Fund - PacSun Project, Series 2007" (herein called the "Bond Fund").
Creation of the Bond Fund. There is hereby created by the Issuer and ordered established with the Trustee a trust fund to be designated "Clarx Xxxnty, Nevada Industrial Development Revenue Bonds (Southwest Gas Corporation Project) Series 1999 - Bond Fund" (the "Bond Fund"), which shall be used to pay the principal of and premium, if any, and the interest on the Bonds and accounts within the Bond Fund which shall be designated the "Series 1999A Account" and the "Taxable Series 1999B Account" of the Bond Fund. The Trustee is hereby authorized to create additional accounts as necessary upon conversion of any Series 1999B Bonds to Bonds of a Tax-Exempt Series.
Creation of the Bond Fund. There is hereby created by the County and ordered established with the Trustee a trust fund to be designated "Taylxx Xxxnty, Florida Industrial Development Revenue Bond Fund -- CPG Products Corp. Project, Series 1979", which shall be used to pay the principal of and the interest on the Bonds. There shall be established as trust accounts within the Bond Fund a general account and a special account. Any reference in this Indenture to "Bond Fund" without further qualification or explanation shall constitute a reference to said general account.
Creation of the Bond Fund. There is hereby created by the Issuer and ordered established with the Trustee a trust fund to be designated "Development Authority of DeKalb County Bond Fund -- Radiation Sterilizers, Incorporated Project, 1985", which shall be used to pay the principal of, and the redemption premium (if any) and interest on, the Bonds. There shall be established as trust accounts within the Bond Fund a general account and a special account. Any reference in this Indenture to "Bond Fund" without further qualification or explanation shall constitute a reference to said general account.
