Common use of DIVISION IV Clause in Contracts

DIVISION IV. All property which is by the express provisions of this Agreement required to be subject to the pledge hereof and any additional property that may, from time to time hereafter, by delivery or by writing of any kind, by the School Board or by anyone on its behalf, be subject to the pledge hereof. TO HAVE AND TO HOLD, all and singular, the Trust Estate (as such term is hereinafter defined), including all additional property which by the terms hereof has or may become subject to the encumbrances of this Agreement, unto the Escrow Agent, and its successors and assigns, forever in trust, however, for the benefit and security of the holders from time to time of the Refunded Certificates, but if the Basic Lease Payments represented by, and the Prepayment Price, of the Refunded Certificates shall be fully and promptly paid when due prior to and upon the Prepayment Date thereof in accordance with the terms thereof, then this Agreement shall be and become void and of no further force and effect with respect to each Series of Refunded Certificates; otherwise the same shall remain in full force and effect, and upon the trusts and subject to the covenants and conditions hereinafter set forth.

DIVISION IV. All property which is by the express provisions of this Agreement required to be subject to the pledge hereof and any additional property that may, from time to time hereafter, by delivery or by writing of any kind, by the School Board or by anyone on its behalf, be subject to the pledge hereof. TO HAVE AND TO HOLD, all and singular, the Trust Estate (as such term is hereinafter defined), including all additional property which by the terms hereof has or may become subject to the encumbrances of this Agreement, unto the Escrow Agent, and its successors and assigns, forever in trust, however, for the benefit and security of the holders from time to time of the Refunded Certificates, but if the Basic Lease Payments represented by, and the Prepayment Price, of the Refunded Certificates shall be fully and promptly paid when due prior to and upon the Prepayment Date thereof in accordance with the terms thereof, then this Agreement shall be and become void and of no further force and effect with respect to each Series of Refunded Certificates; otherwise the same shall remain in full force and effect, and upon the trusts and subject to the covenants and conditions hereinafter set forth.

DIVISION IV. All property which is by the express provisions of this Agreement required to be subject to the pledge hereof and any additional property that may, from time to time hereafter, by delivery or by writing of any kind, by the School Board or by anyone on its behalf, be subject to the pledge hereof. TO HAVE AND TO HOLD, all and singular, the Trust Estate (as such term is hereinafter defined), including all additional property which by the terms hereof has or may become subject to the encumbrances of this Agreement, unto the Escrow Agent, and its successors and assigns, forever in trust, however, for the benefit and security of the holders from time to time of the Refunded Certificates, but if the Basic Lease Payments represented by, and the Prepayment PricePrice of, of the Refunded Certificates shall be fully and promptly paid when due prior to and upon the Prepayment Date thereof in accordance with the terms thereof, then this Agreement shall be and become void and of no further force and effect with respect to each Series of Refunded Certificates; otherwise the same shall remain in full force and effect, and upon the trusts and subject to the covenants and conditions hereinafter set forth.