Establishment of Funds and Accounts. The Issuer hereby establishes with the Trustee trust funds designated the Debt Service Fund and the Construction Fund.
Establishment of Funds and Accounts. There are hereby created and established with the Paying Agent the following special and irrevocable separate trust funds and accounts, each of which will be held by the Paying Agent under this Escrow Agreement:
(a) the Debt Service Fund;
(b) the Construction Fund;
(c) the Repayment Fund, consisting of a Principal Account and an Interest Account; and
(d) the Administrative Expense Fund.
Establishment of Funds and Accounts. The following Funds are hereby established:
(1) the Construction Fund to be held by the Trustee, and
(2) the Debt Service Fund to be held by the Trustee.
Establishment of Funds and Accounts. (a) The following funds and separate accounts within funds are hereby established and shall be held, in trust, and maintained by the Trustee: Proceeds Fund: Costs of Issuance Account; Securitized Sales Tax Revenue Fund; Debt Service Fund; Capitalized Interest Account; Interest Account; and Principal Account; Debt Service Reserve Fund; Arbitrage Rebate Fund; Subordinated Indebtedness Fund; and Debt Retirement Fund
(b) The City Proceeds Account within the Proceeds Fund is hereby established and created and shall be held by the Trustee for the benefit of the City.
(c) The Operating Fund is hereby established and created and shall be held by the Trustee for the benefit of the Corporation.
(d) The Residual Fund is hereby established and created and shall be held by the Trustee for the benefit of the holder of the Residual Certificate.
(e) For purposes of internal accounting, each such fund may contain one or more accounts or subaccounts, as the Corporation may deem proper. All money at any time deposited in any fund, account or subaccount created and pledged hereby or by any Supplemental Indenture or required thereby to be created shall be held in trust for the benefit of the Holders of Bonds, but shall nevertheless be disbursed, allocated and applied solely for the uses and purposes provided herein.
Establishment of Funds and Accounts. Section 7.1 Establishment of Funds 27 Section 7.2 Establishment and Custody of Certain Special Funds 27 Section 8.2 Debt Service Funds 29 Section 8.3 Revenue Stabilization Fund 30 Section 8.4 Debt Service Reserve Funds 31 Section 8.5 Subordinate Debt Service Funds 32 Section 8.6 Residual Fund 32 Section 9.1 Cost of Issuance Funds 33 Section 9.2 Project Funds 33 Section 10.1 Additional Funds and Accounts 33 Section 10.2 Non-Presentment of Bonds 33 Section 10.3 Trustee's Fees, Costs and Expenses 34 Section 10.4 Purchase of Term Bonds 34 Section 11.1 Security for Deposits 34 Section 11.2 Permitted Investments 35 Section 11.3 Valuation of Investments 35 Section 11.4 Investments through Trustee's Bond Department 35 ARTICLE XII DISCHARGE AND DEFEASANCE
Section 12.1 Discharge 36 Section 12.2 Defeasance 36 ARTICLE XIII
Establishment of Funds and Accounts. 45 SECTION 6.2.
Establishment of Funds and Accounts. The Commission hereby establishes the following Funds and Accounts, all of which shall be held by the Trustee:
(a) “Construction Fund,” and within such Fund the “Hotel Account,” the “Pre-Opening Expenses Account,” the “Preliminary Operating Capital Account,” the “Series 201_ Capitalized Interest Account,” the “Reservation Deposit Account,” the “Retainage Account,” and the “Costs of Issuance Account” (which Construction Fund may include such additional special Accounts and Subaccounts therein to be held by the Trustee or any other designated Agent pursuant to Section 5.03);
(b) “Revenue Fund”;
(c) “Taxes and Insurance Fund”;
(d) “Administrative Costs Fund”;
(e) “Debt Service Fund,” and within such Fund a “Debt Service Account” and a “Redemption Account”;
(f) “Debt Service Reserve Fund,” and within such fund separate accounts as may be established in connection with Additional Bonds”;
(g) “Rebate Fund”;
(h) “Subordinate Management Fee Fund”;
(i) “Working Capital Reserve Fund”;
(j) “FF&E Reserve Fund”;
(k) “Capital Reserve Fund”;
(l) “Revenue Stabilization Fund”; and
(m) “Insurance and Condemnation Proceeds Fund.” The Trustee may create any other Funds or Accounts hereunder, to be held in trust for the benefit of the Owners of the Bonds, as the Trustee deems necessary to carry out the purposes of this Trust Agreement; provided, that the creation of any such Funds or Accounts shall not affect the rights and obligations of the Trustee, without the prior written consent of the Trustee, or the Manager under the Cash Management Agreement, without the prior written consent of the Manager, and shall require an opinion of Bond Counsel to the effect that the creation of such Fund or Account will not, in and of itself, cause the interest on any of the Tax-Exempt Bonds to become includable in gross income for federal income tax purposes. Not later than the 10th calendar day of each month, the Trustee shall provide the Commission and the Manager with a monthly statement of (i) the amounts on deposit in the Funds and Accounts as of the last calendar day of the prior month and, (ii) if applicable, the amounts of any deficiencies in such Funds and Accounts that are known by the Trustee.
Establishment of Funds and Accounts. The following funds and separate accounts within funds are hereby established and shall be held and maintained by the Trustee: Revenue Fund;
Establishment of Funds and Accounts. (A) The Department shall establish within the Solid Waste Operations Fund and maintain and hold in trust hereunder a separate fund designated as the “System Revenue Fund.” The Department shall deposit all System Revenues upon the receipt thereof in the System Revenue Fund. Subject only to the provisions of this Supplemental Indenture permitting the application thereof for or to the purposes and on the terms and conditions set forth herein and therein, the Department shall be entitled to and shall collect and receive all of the System Revenues.
(B) In addition to the System Revenue Fund, the Department shall establish within the Solid Waste Operations Fund and maintain and hold in trust hereunder additional separate funds designated as follows: Reserve Fund”; and
(1) The “System Operation and Maintenance Fund”;
(2) the “System Operation, Maintenance, Renewal and Replacement (3) the “System Surplus Fund”.
Establishment of Funds and Accounts. (a) The Authority hereby establishes the following Funds:
(1) CFC Revenue Fund;
(2) Project Fund;
(3) Debt Service Fund;
(4) Rolling Coverage Fund;
(5) Supplemental Reserve Fund;
(6) Debt Service Reserve Fund;
(7) Subordinate Debt Service Fund;
(8) Maintenance Reserve Fund;
(9) CFC Stabilization Fund; and
