Debt Service Funds. The College District shall maintain as its primary objective, the safety of principal with regard to all monies collected or allocated for debt service. Secondly, the College District shall seek to maximize the return on such funds while ensuring sufficient funds for timely payments of its debt obligations. In order to accomplish this, the College Dis- trict shall invest such funds in amounts and maturity dates that most likely will meet the debt service requirements of the College District.
Debt Service Funds. (a) The Trustee shall promptly deposit the following amounts in each Debt Service Fund:
Debt Service Funds. Installment Payments payable pursuant to Section 3.01 above, and all other payments relating to principal and interest on or with respect to Parity Obligations, shall be paid in accordance with the terms hereof and of such Parity Obligations, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
Debt Service Funds. Payment of principal and interest with respect to the Series 2023 Installment Payments or with respect to Bonds or Contracts, shall be paid in accordance with the terms hereof and of such Bonds or Contracts, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.
Debt Service Funds
