Common use of Debt Service Fund Clause in Contracts

Debt Service Fund. Seven (7) Business Days before each Payment Date, or earlier at the discretion of Issuer, the Issuer shall deposit into the Debt Service Fund an amount equal to the next scheduled debt service payment of interest and/or principal. Such monies will be invested in Eligible Investments by the Trustee pursuant to an Issuer Order pending disbursement on the Payment Date.

Debt Service Fund. Seven (71(7) Business Days before each Payment Date, or earlier at the discretion of Issuer, upon at least fifteen (15) Business Days’ prior notice from the Trustee the Issuer shall deposit into the Debt Service Fund an amount equal to the next scheduled debt service payment of interest and/or principal. Such monies will be invested in Eligible Investments by the Trustee pursuant to an Issuer Order pending disbursement on the Payment Date.