Disposition of Proceeds of Bonds Sample Clauses

Disposition of Proceeds of Bonds. The proceeds of the Bonds will be used as provided in the Indenture.
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Disposition of Proceeds of Bonds. Simultaneously with delivery of the Bonds to the Underwriter, the Issuer shall cause the Trustee to deposit $_ of the proceeds thereof in the Acquisition and Construction Fund and the remaining proceeds thereof ($ ) in the Costs of Issuance Fund.
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Disposition of Proceeds of Bonds. Simultaneously with the delivery of the Initial Bonds by the Trustee, the amount received as accrued interest on the Series A Bonds shall be deposited in the Series A Interest Account of the Bond Fund and the amount received as accrued interest on the Series B Bonds shall be deposited in the Series B Interest Account of the Bond Fund. The remaining proceeds of the Series A Bonds shall be deposited by the Trustee in the Series A Account of the Project Fund and the remaining proceeds of the Series B Bonds shall be deposited by the Trustee in the Series B Account of the Project Fund, to be disbursed in accordance with Section 3.02 of the Agreement.
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Disposition of Proceeds of Bonds. There shall be set aside with ------------ -------------------------------- the Trustee, as Revenues in the Bond Fund, an amount representing any accrued interest received on the sale of the Bonds.
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Disposition of Proceeds of Bonds. Upon the issuance and sale of the Bonds, the Issuer shall cause the proceeds thereof to be delivered to the Trustee, and the Trustee shall forthwith cause such proceeds to be deposited in the Construction Fund as provided in Article V hereof, except that any such proceeds constituting accrued interest, if any, on the Bonds shall be deposited in the Bond Fund.
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Related to Disposition of Proceeds of Bonds

  • Application of Proceeds Subject to the terms of the First Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement, in each case, if executed, any amount received by the Administrative Agent or the Collateral Agent from any Credit Party (or from proceeds of any Collateral) following any acceleration of the Obligations under this Agreement or any Event of Default with respect to the Borrower under Section 11.4 shall be applied: (i) first, to the payment of all reasonable and documented costs and expenses incurred by the Administrative Agent or the Collateral Agent in connection with any collection or sale of the Collateral or otherwise in connection with any Credit Document, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document on behalf of any Credit Party and any other reasonable and documented costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Credit Document to the extent reimbursable hereunder or thereunder; (ii) second, to the Secured Parties, an amount (x) equal to all Obligations owing to them on the date of any distribution and (y) sufficient to Cash Collateralize all Letters of Credit Outstanding on the date of any distribution, and, if such moneys shall be insufficient to pay such amounts in full and Cash Collateralize all Letters of Credit Outstanding, then ratably (without priority of any one over any other) to such Secured Parties in proportion to the unpaid amounts thereof and to Cash Collateralize the Letters of Credit Outstanding; and (iii) third, any surplus then remaining shall be paid to the applicable Credit Parties or their successors or assigns or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct; provided that any amount applied to Cash Collateralize any Letters of Credit Outstanding that has not been applied to reimburse the Borrower for Unpaid Drawings under the applicable Letters of Credit at the time of expiration of all such Letters of Credit shall be applied by the Administrative Agent in the order specified in clauses (i) through (iii) above. Notwithstanding the foregoing, amounts received from any Guarantor that is not an “Eligible Contract Participant” (as defined in the Commodity Exchange Act) shall not be applied to its Obligations that are Excluded Swap Obligations.

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