Common use of Disposition of Amounts after Payment of Bonds Clause in Contracts

Disposition of Amounts after Payment of Bonds. Any amounts determined by the Trustee to be remaining in the Funds created under the Indenture, other than amounts held in the Rebate Fund, after payment in full, or provision for payment in full, of principal of and premium, if any, and interest on all the Bonds, in accordance with the provisions of the Indenture, and payment of all the fees, charges and expenses of the Authority, the Trustee, the Tender Agent, the Indexing Agent, the Remarketing Agents and the Paying Agent in accordance with the Indenture and the Participation Agreement and any amounts required to be paid to the United States of America pursuant to the Tax Regulatory Agreement, shall be paid to the Bank; PROVIDED, however, that on or after the Fixed Rate Conversion Date and solely with respect to moneys not resulting from a draw on the Letter of Credit and not constituting remarketing proceeds, such amounts that would be payable to the Bank pursuant to this Section 7.04 shall, at the written direction of an Authorized Company Representative, be paid to the Company or, if the Bank has not been paid in full under the Reimbursement Agreement, to the Bank.

Disposition of Amounts after Payment of Bonds. Any amounts determined by the Trustee to be remaining in the Funds funds created under the Indenture, other than amounts held in the Rebate Fund, Indenture after payment in full, or provision for payment in full, of principal of of, and premium, if any, and interest on on, all of the Bonds, in accordance with the provisions of the Indenture, and payment of all the fees, charges and expenses of the Authority, the Trustee, the Tender Agent, the Indexing Agent, the Remarketing Agents and the Paying Agent in accordance with the Indenture and the this Participation Agreement and any amounts required to be paid to the United States of America pursuant to the Tax Regulatory Agreement, shall be paid to the Bank; PROVIDEDprovided, however, that on or after the Fixed Rate Conversion Date and solely with respect to moneys not resulting from a draw on the Letter of Credit and not constituting remarketing proceeds, such amounts that would be payable to the Bank pursuant to this Section 7.04 shall, at the written direction of an Authorized Company Representative, 7.01 shall be paid to the Company or, if the Bank has not been paid in full under the Reimbursement Agreement, to the Bank.