Common use of Establishment of Funds Clause in Contracts

Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts: (a) The Governmental Lender Note Payment Fund; (b) The Project Fund, and within the Project Fund, a Note Proceeds Account, a Capitalized Interest Account and a Borrower Equity Account; (c) The Expense Fund; (d) The Closing Costs Fund; and (e) The Rebate Fund. All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement shall be held by the Fiscal Agent in trust for the benefit of the Funding Lender, and except for money held in the Expense Fund, the Closing Costs Fund and the Rebate Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof.

Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts:accounts:‌ (a) The Governmental Lender Note Payment Fund; (b) The Project Fund, and within the Project Fund, a Note Proceeds Account, a Capitalized Interest Account and a Borrower Equity Account; (c) The Expense Fund; (d) The Closing Costs Fund; andand‌ (e) The Rebate Fund. Fund.‌ All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement shall be held by the Fiscal Agent in trust for the benefit of the Funding Lender, and except for money held in the Expense Fund, the Closing Costs Fund and the Rebate Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof.

Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts: (a) The Governmental Lender Note Funding Loan Payment Fund; (b) The Project Fund, and within the Project Fund, Fund a Note Proceeds Account, a Capitalized Interest Account and a Borrower Equity Account; (c) The Expense Fund;; and (d) The Closing Costs Fund; and (e) The Rebate Fund. All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement (except the Closing Costs Fund, the Expense Fund and any Rebate Amount held hereunder) shall be held by the Fiscal Agent in trust for the benefit of the Funding Lender, and except for money held in the Expense Fund, the Closing Costs Fund and the Rebate Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof.