Common use of Custody of Bond Fund Clause in Contracts

Custody of Bond Fund. The Bond Fund shall be in the custody of the Trustee but in the name of the Issuer, and the Issuer hereby authorizes and directs the Trustee to withdraw sufficient funds from the Bond Fund to pay the principal of, and premium, if any, and interest on, the Bonds as the same become due and payable, which authorization and direction the Trustee hereby accepts.

Custody of Bond Fund. The Bond Fund shall be in the custody of the Trustee but in the name of the Issuer, and the Issuer hereby irrevocably authorizes and directs the Trustee to withdraw sufficient funds moneys from the Bond Fund on each Bond Payment Date to pay the principal of, and premium, if any, of and interest on, on the Bonds as the same become due and payable, which authorization and direction the Trustee hereby accepts.

Custody of Bond Fund. The Bond Fund shall be in the custody of the Trustee but in the name of the Issuer, and the Issuer hereby authorizes and directs the Trustee to withdraw sufficient funds from the Bond Fund to pay the principal of, and premium, if any, and interest onon the Bonds, the Bonds as the same may become due and payable, and to make said funds so withdrawn available to the Trustee for the purpose of paying said principal and interest and premium, if any, which authorization and direction the Trustee hereby accepts.