Establishment of Prepayment Fund. (a) The Trustee shall establish a special fund designated as the “Los Angeles County Schools Pooled Financing Program, 2013 Refunding Series A Santa Xxxxxx Community College District Prepayment Fund” (the “Prepayment Fund”), shall keep such fund separate and apart from all other funds and moneys held by it, and shall administer such fund as herein provided. The Trustee need not open such fund on its records until such time as deposits are required to be made therein. Prior to any prepayment of the Certificates, an amount at least equal to the amount necessary to prepay the Certificates shall be deposited by the Lessee into the Prepayment Fund. As provided in Section 5.5 hereof, prepayments of the Certificates shall be made from money available therefor. Any prepayments of the Certificates in advance of their maturity shall be made on the date designated for prepayment and upon presentation and surrender of such Certificates.
(b) Upon the Trustee’s receipt of each Prepayment of Lease Payments from the Lessee under Section 10.2 or 10.3 of the Lease, the Trustee shall give prompt notice to the Lessee of such receipt and the amount of said Prepayment. All amounts representing Prepayments hereunder shall be deposited into the Prepayment Fund.
Establishment of Prepayment Fund. The Certificates shall be subject to prepayment as provided in this Article IV and, with respect to Additional Certificates, as may be additionally set forth in the Supplemental Trust Agreement if any, pursuant to which such Additional Certificates are delivered. The Trustee shall establish a special fund designated as the “City of Manhattan Beach 2012 Prepayment Fund” (the “Prepayment Fund”); shall keep such fund separate and apart from all other funds and moneys held by it; and shall administer such fund as herein provided. Prior to any Prepayment, sufficient moneys to be used for prepayment of the Certificates shall be transferred by the City to the Trustee, for deposit into the Prepayment Fund and be used solely for the purpose of prepaying all or a portion of the Certificates in advance of their maturity on the date designated for prepayment and upon presentation and surrender of such Certificates.
Establishment of Prepayment Fund. The Trustee shall establish a special
Establishment of Prepayment Fund. The Trustee shall establish a special fund designated as the “MiraCosta Community College District Certificates of Participation (2023 School Financing Project) Prepayment Fund,” referred to herein as the “Prepayment Fund”; shall keep such fund separate and apart from all other funds and moneys held by it; and shall administer such fund as herein provided. Moneys to be used for prepayment of the Certificates shall be deposited into the Prepayment Fund and used solely for the purpose of prepaying the Certificates in advance of their maturity on the date designated for prepayment and upon presentation and surrender of such Certificates to the Trustee.
Establishment of Prepayment Fund. The Trustee shall establish a special fund designated as the “Xxxxxxxxxx County Public Facilities Corporation 2018 Master Trust Agreement Prepayment Fund,” shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Article. Moneys to be used for prepayment of the Notes shall be deposited into the Prepayment Fund and used solely for the purpose of prepaying the Notes in advance of their maturity on the date designated for prepayment and upon presentation and surrender of such Notes.
Establishment of Prepayment Fund. The Trustee shall establish a special fund designated as the “Montgomery County Public Facilities Corporation 2018 Master Trust Agreement Prepayment Fund,” shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Article. Moneys to be used for prepayment of the Notes shall be deposited into the Prepayment Fund and used solely for the purpose of prepaying the Notes in advance of their maturity on the date designated for prepayment and upon presentation and surrender of such Notes.
