Disposition Upon Acceleration Sample Clauses

Disposition Upon Acceleration. If the principal of the Bonds has become due and payable pursuant to Section 902, upon the date of payment by the Trustee of any moneys due as hereinafter provided in Article IX, any balance remaining in the Project Fund shall without further authorization be deposited in the Bond Fund by the Trustee, with advice to the City and to the Developer of such action.
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Disposition Upon Acceleration. If the principal of the Bonds shall have become due and payable pursuant to SECTION 901 of this Indenture, upon the date of payment by the Trustee of any moneys due as hereinafter provided in ARTICLE IX hereof, any balance remaining in any account within the Project Fund shall, without further authorization, be deposited in the corresponding account within the Debt Service Fund by the Trustee.
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Disposition Upon Acceleration. If the principal of the Bonds shall have become due and payable pursuant to Section 9.01 of this Indenture, upon the date of payment by the Trustee of any moneys due as hereinafter provided in Article IX of this Indenture, any balance remaining in the Project Fund shall, without further authorization, be deposited in the Principal and Interest Payment Account by the Trustee.
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Disposition Upon Acceleration. If the principal of the Bonds shall have become due and payable pursuant to Section 9.01 of this Indenture, upon the date of payment by the Trustee of any moneys due as hereinafter provided in Article IX of this Indenture, any balance remaining in the Project Fund shall, without further authorization, be deposited in the Principal and Interest Payment Account by the Trustee. REVENUES AND FUNDS Creation of the Principal and Interest Payment Account. There is directed to be established in the custody of the Trustee a special trust fund in the name of the Issuer to be designated the “City of Xxxxxx Springs, Kansas Principal and Interest Payment Account for Industrial Revenue Bonds (Xxxxxxx Coach Project)” (herein called the “Principal and Interest Payment Account”). The Trustee may create separate subaccounts in the Principal and Interest Payment Account for each series of Bonds issued pursuant to this Indenture.
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Related to Disposition Upon Acceleration

  • Acceleration Upon Change in Control This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’ s Continuous Service, there is a Change in Control.

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Termination Upon a Change in Control If Executive’s employment is subject to a Termination within a Covered Period, then, in addition to Minimum Benefits, the Company shall provide Executive the following benefits:

  • Termination Upon Change in Control (1) For the purposes of this Agreement, a “Change in Control” shall mean any of the following events that occurs following the Effective Date:

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