Establishment of Bond Fund. There is hereby established as a separate fund to be held by the Fiscal Agent known as the “Bond Fund” (in which there shall be established and created an Interest Account and a Principal Account) to the credit of which deposits shall be made as required by Sections 3.4(b), 3.8, and 3.9 hereof, and any other amounts required to be deposited therein by this Agreement, a Supplemental Agreement or the Act. Moneys in the Bond Fund shall be held in trust by the Fiscal Agent for the benefit of the Owners of the Bonds and Additional Bonds, shall be disbursed for the payment of the principal of (including mandatory sinking payments, if any) and interest on the Bonds and Additional Bonds as provided below, and, pending such disbursement, shall be subject to a lien in favor of the Owners of the Bonds and Additional Bonds.
Establishment of Bond Fund. The Bond Fund is hereby established as a separate fund to be held by the Fiscal Agent to the credit of which deposits shall be made as required by Section 4.03, Section 4.05 and 4.07 (D) as otherwise set forth in this Agreement. Moneys in the Bond Fund shall be held by the Fiscal Agent for the benefit of the Owners of the Bonds, and shall be disbursed
Establishment of Bond Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the Community Facilities District No. 2018-1 (Green Island Road Project) Special Tax Bonds Bond Fund, to the credit of which deposits shall be made as required by Section 3.03(B), Section 4.03 and any other amounts required to be deposited therein by this Agreement or the Act. Moneys in the Bond Fund shall be held in trust by the Fiscal Agent for the benefit of the Owners of the Bonds, shall be disbursed for the payment of the principal of, and interest and any premium on, the Bonds as provided below, and, pending such disbursement, shall be subject to a lien in favor of the Owners of the Bonds. Within the Bond Fund there is hereby established the Prepayment Account, which shall be used exclusively for the administration of any prepayments of Special Taxes to assure the timely redemption of Bonds. Monies in the Prepayment Account shall be used to redeem Bonds on the redemption date specified in the notice to the Fiscal Agent given pursuant to Section 2.03(A)(ii). In the event all of the Special Taxes are prepaid in full, the Prepayment Account shall be closed.
Establishment of Bond Fund. There is hereby created and established with the Trustee a trust fund to be designated " Bond Fund 2002 - Weirton Steel Corporation Project" (the "Bond Fund") which shall be held, maintained and administered by the Trustee in accordance with this Indenture. Within the Bond Fund, there is hereby created and established certain trust accounts to be designated "General Account" and the "Repurchase Moneys Account."
Establishment of Bond Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the Community Facilities District No. 2001-1 (Xxxxxx Canyon) 2013 Special Tax Refunding Bonds, Bond Fund to the credit of which deposits shall be made as required by subclause first of clause (ii) of the second paragraph of Section 4.05(A), Section 4.05(B), and Section 4.03, and any other amounts required to be deposited therein by this Agreement or the Act. Within the Bond Fund there is hereby established a Special Tax Prepayments Account to the credit of which deposits shall be made as required by clause (iii) of the second paragraph of Section 4.05(A). Moneys in the Bond Fund and the Special Tax Prepayments Account therein shall be held by the Fiscal Agent for the benefit of the Owners of the Bonds, shall be disbursed for the payment of the principal of, and interest and any premium on, the Bonds as provided below, and, pending such disbursement, shall be subject to a lien in favor of the Owners of the Bonds.
Establishment of Bond Fund. There is hereby established as a separate fund to be held by the Fiscal Agent the Xxxxxxxxx Community Facilities District No. 1 (Public Facilities) Special Tax Bonds Bond Fund, to the credit of which deposits shall be made as required by Section 3.02, clause (ii) of Section 3.03(B), Section 4.03 and any other amounts required to be deposited therein by this Agreement or the Act. Within the Bond Fund, the Fiscal Agent shall establish and maintain a Capitalized Interest Account, to the credit of which deposit shall be made as required by Section 3.02. Moneys in the Bond Fund shall be held in trust by the Fiscal Agent for the benefit of the Owners of the Bonds, shall be disbursed for the payment of the principal of, and interest and any premium on, the Bonds as provided below, and, pending such disbursement, shall be subject to a lien in favor of the Owners of the Bonds. Within the Bond Fund there is hereby established the Prepayment Account, which shall be used exclusively for the administration of any prepayments of Special Taxes to assure the timely redemption of Bonds. Monies in the Prepayment Account shall be used to redeem Bonds on the redemption date specified in the notice to the Fiscal Agent given pursuant to Section 2.03(A)(ii). In the event all of the Special Taxes are prepaid in full, the Prepayment Account shall be closed.
Establishment of Bond Fund. There is hereby created and established with the Trustee a trust fund in the name of the Issuer to be designated the “Education Services Facility Lease Revenue Bonds (SWWC Service Cooperative), Series 2024 Bond Fund” (the “Bond Fund”) which shall be used to pay when due the principal of, premium, if any, and interest on the Bonds.
(1) There shall be deposited into the Bond Fund, as and when received:
(A) All transfers from the Revenue Fund pursuant to Section 4.02(a) above.
(B) Accrued interest, if any, paid on any Bonds to the date of delivery of the Bonds.
(C) All Loan Repayments by the Borrower pursuant to Section 4.2 of the Loan Agreement and any payment or other moneys received by the Trustee under and pursuant to any of the provisions of this Indenture and the Loan Agreement which is required to be paid into the Bond Fund, or which is accompanied by directions that such payment is to be credited to the Bond Fund.
(D) Any interest earned on sums held in the Bond Fund.
(E) All other money received by the Trustee under and pursuant to any of the provisions of the Loan Agreement, Lease, this Indenture, or Mortgage which are required to be deposited into the Bond Fund or which are accompanied by written directions that such money is to be deposited to the Bond Fund.
(2) The Trustee shall disburse, from time to time, sufficient money from the Bond Fund as specified below to pay the principal of, premium, if any, and the interest on, the Bonds as the same become due and payable.
(3) If any Bond shall not be presented for payment at Maturity, provided money sufficient to pay such Bond shall have been made available to the Trustee and is held by the Trustee for the benefit of the Holder thereof, all liability of the Issuer to the Holder thereof for the payment of such Bond shall forthwith cease, determine, and be completely discharged, and thereupon it shall be the duty of the Trustee to hold such money, without liability for interest thereon, for the benefit of the Holder of such Xxxx, who shall thereafter be restricted exclusively to such money for any claim of whatever nature on his part hereunder or on, or with respect to, such Xxxx.
(4) Any money remaining in the Bond Fund after payment in full of all Bonds, and payment of the fees, charges, and expenses of the Trustee, the Paying Agent, and the Issuer which have accrued and which will accrue and all other items required to be paid hereunder will be paid to the Borrower.
Establishment of Bond Fund. There is hereby established as a separate fund to be held by the Trustee, the City of Saratoga Community Facilities District No. 2016-1 (Arrowhead Project) Bond Fund (the “Bond Fund”), to the credit of which deposits shall be made as required by Sections 4.02(D), 4.04(B), 4.04(D), 4.04(E), and 4.06(B), and any other amounts required to be deposited therein by this Indenture or the Act. Moneys in the Bond Fund shall be held in trust by the Trustee for the benefit of the Owners of the Bonds, shall be disbursed for the payment of the principal of, and interest and any premium on, the Bonds as provided below, and, pending such disbursement, shall be subject to a lien in favor of the Owners of the Bonds.
Establishment of Bond Fund. There is hereby created and established a Bond Fund which shall be held by the Trustee. There shall be deposited into the Bond Fund as and when received: (a) all loan payments specified in Section 4.2 of the Loan Agreement and all payments made on the Note; (b) after completion of the Project, such amounts in the Project Fund as are required to be deposited in the Bond Fund by Sections 5.4 and 5.5 of this Indenture; (c) any amounts to be deposited in the Bond Fund pursuant to the provisions of a Supplemental Indenture; and (d) all other monies received by the Trustee and required under or pursuant to any of the provisions of the Loan Agreement, the Note or this Indenture to be paid into the Bond Fund. The Issuer hereby covenants and agrees that so long as any of the Bonds issued hereunder are Outstanding, it will deposit or cause to be deposited in the Bond Fund sums, but only from the Revenues or other monies or securities available therefor, sufficient to meet and pay promptly the principal, redemption premium, if any, and interest on the Bonds as the same become due and payable.
Establishment of Bond Fund. The Bond Fund is hereby established as a separate fund to be held by the Fiscal Agent to the credit of which deposits shall be made as required by Section 4.03 and Section 5.02(A) hereof, and, if applicable, Section 4.01(D) hereof, and any other amounts required to be deposited therein by this Agreement or the Bond Law. Moneys in the Bond Fund shall be held by the Fiscal Agent for the benefit of the Agency and the Owners of the Bonds, and shall be disbursed for the payment of the principal of and interest and any premium on, the Bonds and as otherwise provided below.
