Common use of Custody of the Bond Fund Clause in Contracts

Custody of the 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of, redemption premium, if any, and interest on the Bonds as the same become due and payable and to make said funds so withdrawn available to the paying agents hereunder at their principal office, for the purpose of paying said principal, redemption premium, if any, and interest, which authorization and direction the Trustee hereby accepts.

Appears in 4 contracts

Samples: Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Mississippi Inc)

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Custody of the 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 (a) to withdraw sufficient funds from the Bond Fund to pay the principal of, redemption premium, if any, of and interest on the Bonds as the same become due and payable payable, and (b) to make said such funds so withdrawn available to the Trustee, as paying agents hereunder at their principal officeagent, for the purpose of paying said principal, redemption premium, if any, such principal and interest, which authorization and direction the Trustee hereby accepts.accepts.β€Œ

Appears in 1 contract

Samples: Trust Indenture

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of, redemption premium, if any, and interest on the Bonds as the same become due and payable and to make said funds so withdrawn available to the Trustee and to any paying agents hereunder at their principal office, for the purpose of paying said principal, redemption premium, if any,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

Appears in 1 contract

Samples: Indenture of Trust (Intrepid Technology & Resources, Inc.)

Custody of the 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 Trustee (a) to withdraw sufficient funds from the Bond Fund to pay the principal of, redemption premium, if any, of and interest on the Bonds as the same become due and payable payable, and (b) to make said such funds so withdrawn available to the Trustee, as paying agents hereunder at their principal officeagent, for the purpose of paying said principal, redemption premium, if any, such principal and interest, which authorization and direction the Trustee hereby accepts.

Appears in 1 contract

Samples: Trust Indenture

Custody of the 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, of and redemption premium, if any, and interest on the Bonds as the same become due and payable and to make said funds so withdrawn available to the paying agents hereunder at their principal office, for the purpose of paying said principal, redemption premium, if any, and interest, which authorization and direction the Trustee hereby accepts.

Appears in 1 contract

Samples: Trust Indenture (System Energy Resources Inc)

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Custody of the 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, redemption of and premium, if any, and interest on the Bonds as the same become due and payable and to make said funds so withdrawn available to the paying agents hereunder at their principal office, for the purpose of paying said principal, redemption principal and premium, if any, and interest, which authorization and direction the Trustee hereby accepts.

Appears in 1 contract

Samples: Trust Indenture (Gulf Power Co)

Custody of the 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, of and redemption premium, if any, and interest on the Bonds as the same become due and payable and to make said funds so withdrawn available to the paying agents hereunder at their principal office, for the purpose of paying said principal, principal and redemption premium, if any, and interest, which authorization and direction the Trustee hereby accepts.

Appears in 1 contract

Samples: Trust Indenture (System Energy Resources Inc)

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