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.
Appears in 2 contracts
Samples: Escrow Trust Agreement, Escrow Trust Agreement
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.
Appears in 1 contract
Samples: Escrow Trust Agreement
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 Prepayment Fund;
(c) the Repayment Fund, consisting of a Principal Account and an Interest Account; and
(d) the Administrative Expense Fund.
Appears in 1 contract
Samples: Escrow Trust Agreement
