DEPOSIT OF RECEIPTS AND REVENUES Sample Clauses

DEPOSIT OF RECEIPTS AND REVENUES. All receipts and revenues of the Issuer from the Loan Agreement, all moneys received from a draw under the Credit Facility or the Confirmation Letter, if applicable, and any other amounts deposited with the Trustee will be applied by the Trustee on receipt thereof in the me following order of priority: (a) to the Credit Facility Account of the Bond Fund, all amounts drawn under the Credit Facility or the Confirmation Letter in an amount sufficient to pay interest and principal due on the Bonds on the next applicable Interest Payment Date and Bond Payment Date; (b) to the Interest Account of the Bond Fund, an amount sufficient, together with other amounts on deposit therein, to pay interest due on the Bonds on the next Interest Payment Date; (c) to the Principal Account of the Bond Fund, an amount sufficient, together with other amounts on deposit therein, to pay principal due on the Bonds on the next Bond Payment Date; (d) From time to time, to or as directed by the Company, on receipt from the Company by the Trustee of a written statement, the amount of administrative fees or other fees, expenses and obligations due to the Trustee, the Paying Agent and the Remarketing Agent; and (e) to the Credit Facility Account of the Bond Purchase Fund, an amount sufficient to pay the Purchase Price of Bonds tendered or deemed tendered under Article III, less any remarketing proceeds.