Deposit of Bond Proceeds. Concurrently with the delivery of the Bonds, the Issuer will, upon the terms and subject to the conditions of this Refunding Agreement, deposit all of the proceeds thereof with the Trustee for deposit into the Refunding Fund in accordance with the Indenture for application as provided in Article V hereof and Section 5.2 of the Indenture to refund on the Refunding Date a like principal amount of the Prior Bonds. The Company shall pay out of its own money and not out of proceeds of the Bonds all reasonable Costs of Issuance with respect to the Bonds.
Deposit of Bond Proceeds. The purchase price of the Bonds deposited with the Trustee by wire transfer on the Closing Date shall be deposited or disbursed by the Trustee on the Closing Date upon an Issuer Order as follows:
(a) The amount required by Section 6.04 for the Administrative Expenses Fund; (c) The amount required by Section 6.05 for the Debt Service Fund; (d) The amount required by Section 6.06 for the Collateral Purchase Sinking Fund; (e) The balance shall be disbursed as directed by the Issuer.
Deposit of Bond Proceeds. Concurrently with the delivery of the Bonds, the Issuer will, upon the terms and subject to the conditions of this Refunding Agreement, deposit all of the proceeds thereof with the Trustee for deposit into the Refunding Fund (except for proceeds which represent accrued interest, if any) in accordance with the Indenture for application as provided in Article V hereof and the Indenture to refund on the Refunding Date the outstanding principal amount of the Prior Bonds. The Company shall provide such additional moneys as are required to pay the interest on the Prior Bonds on the dates and in the manner as provided in the Prior Indenture in order to cause the redemption of the Prior Bonds on the Refunding Date. The Company shall pay out of its own money and not out of proceeds of the Bonds all reasonable Costs of Issuance with respect to the Bonds.
Deposit of Bond Proceeds. Concurrently with the delivery of the Bonds to the purchaser thereof, proceeds of the Bonds in the amount of $ shall be transferred to the Escrow Agent by the Fiscal Agent, which Bond proceeds, together with amounts transferred pursuant to the following paragraph (b) shall be used exclusively for the timely payment and redemption of the Prior Bonds as set forth on Exhibit A hereto.
Deposit of Bond Proceeds. On the Closing Date for the Bonds, the JEPA shall cause the net proceeds of the Bonds to be paid to the Trustee. Such funds shall be deposited by the Trustee in the funds and accounts as provided in Section 3.2 of the Indenture and shall be used pursuant to the terms of the Indenture, the Loan Agreement and the Project Implementation Agreement.
Deposit of Bond Proceeds. The Trustee shall apply the proceeds from the initial sale of the Series 2024A Bonds in the amount of $[ ] (par amount of $[Series A Par].00, plus net original issue [premium/discount] of $[ ], less Underwriter’s discount of $[ ]) and the proceeds from the initial sale of the Series 2024B Bonds in the amount of $[ ] (par amount of $[Series B Par].00, less Underwriter’s discount of $[ ]) as follow:
(a) to the Bond Fund, an amount equal to $[ ] from the proceeds of the Series 2024A Bonds and an amount equal to $[ ] from the proceeds of the Series 2024B Bonds, for payment of capitalized interest;
(b) to the Cost of Issuance Fund, an amount equal to $[ ] from the proceeds of the Series 2024A Bonds and $[ ] from the proceeds of the Series 2024B Bonds for payment of Issuance Expenses; and
(c) to the Construction Fund, an amount equal to $[_ ] from the proceeds of the Series 2024A Bonds for payment of Project Costs.
Deposit of Bond Proceeds. On the Closing Date for the Bonds, the JEPA shall cause the proceeds of the Initial Advance to be paid to the Trustee and the proceeds of the Initial Advance shall be deposited by the Trustee in the funds and accounts as provided in Section 3.2 of the Indenture and shall be used as provided under the terms of the Indenture, the Loan Agreement and the Project Implementation Agreement. Pursuant to the terms of the Indenture, the JEPA shall cause the proceeds of each subsequent Advance to be paid to the Trustee and the proceeds of such Advances to be applied in accordance with the Schedule for Deposit of Advances to Funds and Accounts attached as Exhibit E to the Indenture.
Deposit of Bond Proceeds. The net proceeds received from the Original Purchaser in consideration of the purchase of the Bonds by the Original Purchaser, in the amount of $_________ (which represents the par amount of the Bonds ($_________), plus a net original premium of $________), shall be transferred by the Original Purchaser to the Escrow Holder for deposit into the Escrow Fund established pursuant to Section 4.02.
Deposit of Bond Proceeds. The “School Facilities Account” shall include two subaccounts designated in the Indenture as the “Project Subaccount” and the “Incremental Payment Subaccount.” Of the amount of net proceeds of the Bonds deposited in the School Facilities Account pursuant to Section 8.2(e)(iv) above, 100% shall be deposited in the Incremental Payment Subaccount until the Incremental Payment Obligation has been fully satisfied. Once the Incremental Payment Obligation has been fully satisfied, 100% of the amount of the net proceeds deposited in the School Facilities Account pursuant to Section 8.2(e)
Deposit of Bond Proceeds. On the Closing Date for the Bonds and on the Closing Date for any Additional Bonds, the Authority agrees to pay or cause to be paid to the Trustee the proceeds of the sale of the Bonds and Additional Bonds, which moneys, in the case of the Bonds, shall be deposited with the Trustee as provided in Section 3.01 of the Indenture, or in the case of Additional Bonds as provided in any Supplemental Indenture which relates to such Additional Bonds.
