Common use of Funds Held by Trustee After Payment of Bonds Clause in Contracts

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company under the terms of this Lease, be the absolute property of and be paid over forthwith to the Company.

Appears in 17 contracts

Samples: Lease, Lease, Lease Agreement

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Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all the Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company Tenant under the terms of this Lease, be the absolute property of and be paid over forthwith to the CompanyTenant.

Appears in 2 contracts

Samples: Lease (Collins Industries Inc), Lease Agreement (Ifr Systems Inc)

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company Tenant under the terms of this Lease, be the absolute property of and be paid over forthwith to the CompanyTenant.

Appears in 1 contract

Samples: Lease

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company under the terms of this Lease, be the absolute property of and be paid over forthwith to the Company.

Appears in 1 contract

Samples: Lease Agreement

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all the Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company Corporation under the terms of this Lease, be the absolute property of and be paid over forthwith to the CompanyCorporation.

Appears in 1 contract

Samples: Lease Agreement (Elecsys Corp)

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company Tenant under the terms of this Lease, be the absolute property of and be paid over forthwith to the CompanyTenant.

Appears in 1 contract

Samples: Master Lease Agreement

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Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after a-tier payment therefrom to the Issuer of any sums of money then due and owing by the Company Tenant under the terms of this Lease, be the absolute property of and be paid over forthwith to the CompanyTenant.

Appears in 1 contract

Samples: Lease (Collins Industries Inc)

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all the Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this Lease and the Indenture and after payment therefrom to Issuer and the Issuer Trustee of all fees, costs, expenses and any other sums of money then due and owing by the Company Tenant under the terms of this Lease, be the absolute property of and be paid over forthwith to the CompanyTenant.

Appears in 1 contract

Samples: Lease Agreement (Federal Home Loan Bank of Topeka)

Funds Held by Trustee After Payment of Bonds. If, after the principal of and interest on all the Bonds and all costs incident to the payment of Bonds have been paid in full, the Trustee holds unexpended funds received in accordance with the terms hereof, such unexpended funds shall, except as otherwise provided in this the Lease and the Indenture and after payment therefrom to the Issuer of any sums of money then due and owing by the Company Tenant under the terms of this the Lease, be the absolute property of and be paid over forthwith to the CompanyTenant.

Appears in 1 contract

Samples: Lease (Royal Caribbean Cruises LTD)

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