Deposit to Escrow Fund. Upon satisfaction of the Funding Conditions specified in Section 8(c) of the Lease, Lessor will cause the amount described in the second paragraph of this Agreement to be deposited in the Escrow Fund. The attached Schedule 3 is incorporated in this Agreement as if fully set forth herein. Lessee agrees to pay any costs with respect to acquisition and installation of the Equipment in excess of amounts available therefor in the Escrow Fund, but solely from funds legally available for such purpose.
Deposit to Escrow Fund. On or before June 1, 2021, the Deposit Date, the Issuer shall deposit $135,000 into the Escrow Fund to be held by the Escrow Agent and invested as provided in the 2020 Resolution. The Escrow Fund is pledged to the payment of the principal of the Redeemed Bonds on June 1, 2024 (the "Redemption Date"). Annually, on each June 1 beginning June 1, 2022, the investment earnings on the Escrow and any other funds in excess of the amount required to redeem the Redeemed Bonds shall be returned to the Issuer and deposited into the School Bond Fund 2018 for payment of principal and interest on the 2018 Bonds. Any remaining balance on June 1, 2024 shall be deposited into the School Bond Fund 2018 as provided in the 2020 Resolution.
Deposit to Escrow Fund. On or before May 1, 2018, the First Deposit Date, the Issuer shall deposit $335,000 into the Escrow Fund to be held by the Escrow Agent and invested as provided in the 2017 Resolution. On or before May 1, 2019, the Second Deposit Date, the Issuer shall deposit $410,000 into the Escrow Fund to be held by the Escrow Agent and invested as provided in the 2018 Resolution. The Escrow Fund is pledged to the payment of the principal of the Redeemed Bonds on May 1, 2021 and the Additional Redeemed Bonds on the dates indicated on Schedule B of the 2018 Resolution. Annually, on each May 1 beginning May 1, 2019, the investment earnings on the Escrow and any other funds in excess of the amount required to redeem the Redeemed Bonds and Additional Redeemed Bonds shall be deposited into the School Refunding Bond Fund 2016 for payment of principal and interest on the 2016 Refunding Bonds. Any remaining balance on May 1, 2021 shall be deposited into the School Refunding Bond Fund 2016 as provided in the 2017 Resolution.
Deposit to Escrow Fund. The Originator will transfer this Installment Sale Agreement to the Lender pursuant to the Transfer Agreement upon payment of the Installment Sale Amount, and will cause the Installment Sale Amount to be deposited in the Escrow Fund. Upon satisfaction of the requirements of Sections 4.2(c) and (i) hereof, the Escrow Agent will apply the amounts in the Escrow Fund for costs related to the Project. The City agrees to pay any such costs of the Project and costs of issuance in excess of amounts available therefor in the Escrow Fund. Neither the Lender nor the Originator have any obligation for any costs and expenses incurred by the City with respect to the Project or the financing thereof.
Deposit to Escrow Fund. Upon satisfaction of the conditions specified in the Lease, Lessor will cause the Acqusition Amount to be deposited in the Escrow Fund. Lessee agrees to pay any costs with respect to the Equipment in excess of amounts available therefor in the Escrow Fund.
