Instructions as to Application of Deposit. (a) The moneys deposited in the Escrow Fund pursuant to Section 4 shall be applied by the Escrow Bank for the sole purpose of redeeming the outstanding 2008 Certificates in full on the Redemption Date at the Redemption Price, as set forth in Exhibit B attached hereto and by this reference incorporated herein.
Instructions as to Application of Deposit. (a) The amounts deposited in the Escrow Fund pursuant to Section 3 shall be applied by the Escrow Bank for the sole purpose of (i) paying the scheduled debt service on the 1999 Authority Bonds due on August 1, 2017, and (ii) redeeming the 1999 Authority Bonds maturing on and after August 1, 2019 on August 1, 2017, at a redemption price equal to the principal amount thereof, plus accrued interest to such date, all as set forth in Exhibit B attached hereto. Following the redemption of the 1999 Authority Bonds, the Escrow Bank shall transfer any remaining amounts held by it relating to the 1999 Authority Bonds or the Prior Loans, to the 2017 Trustee for deposit in the Debt Service Fund established under the 2017 Indenture.
Instructions as to Application of Deposit. (a) The total amount of Escrow Securities, if any, and uninvested moneys deposited in the Escrow Fund pursuant to Section 4 shall be applied by the Escrow Bank for the sole purpose of paying the principal of, redemption premium and interest on the 2005 Bonds at the times and in the amounts set forth in Exhibit B attached hereto and by this reference incorporated herein.
Instructions as to Application of Deposit. The total amount of Federal Securities and cash deposited in the Escrow Fund pursuant to Section 3 shall be applied by the Escrow Bank for the sole purpose of paying the principal of and interest on the 2004B Bonds, at the times and in the amounts set forth in the schedule shown in Exhibit B attached hereto and by this reference incorporated herein. Following payment in full of such principal of and interest on the 2004B Bonds, all amounts on deposit in the Escrow Fund shall be transferred to the trustee for the 2014 Bonds, for deposit in the Interest Account established for the 2014 Bonds.
Instructions as to Application of Deposit. (a) The City hereby irrevocably directs and instructs the Escrow Bank to redeem all outstanding 2002 Bonds prior to maturity on December 10, 2012, as more particularly set forth in Exhibit A attached hereto and hereby made a part hereof.
Instructions as to Application of Deposit. The total amount held in the Escrow Fund pursuant to Section 5 hereof shall be deemed to be and shall constitute the deposits permitted to be made by the District to pay in full the Prior District Bonds and discharge the 1991 Administration Agreement. In accordance with the 1991 Administration Agreement, the Authority and the District hereby irrevocably direct and instruct the Escrow Bank, as successor to the 1991 Fiscal Agent, to apply the moneys in the Escrow Fund to pay all of the principal of, premium and interest on the Prior District Bonds as the same shall become due and payable to and including July 27, 2015, the date of early redemption of the Prior District Bonds, all as more particularly set forth in Schedule A attached hereto and hereby made a part hereof. The District hereby instructs the 1991 Fiscal Agent to send written notice in the name of the District to the owner of each of the Prior District Bonds at the address shown on the registration books maintained by the Trustee, as successor to the 1991 Fiscal Agent, at least thirty (30) days prior to July 27, 2015, the date fixed for redemption and payment of all of the Prior District Bonds. The Escrow Bank, as 1991 Fiscal Agent, hereby accepts that instruction pursuant to Section 9.03 of the 1991 Administration Agreement. The District hereby covenants that no part of the moneys or funds at any time in the Escrow Fund shall be used directly or indirectly to acquire any securities or obligations, the acquisition of which would cause the Prior District Bonds to be “arbitrage bonds” within the meaning of Section 148(a) of the Code.
Instructions as to Application of Deposit. From and after the Refunding Bond Issuance Date, all cash and Federal Securities in the Escrow Fund shall be and are hereby irrevocably pledged as a special fund for the payment of the principal of and interest on the Prior Bonds in accordance with the Prior Bond Resolution. For such purpose, the total amount of Federal Securities and cash deposited in the Escrow Fund pursuant to Section 4 shall be applied by the Escrow Bank for the sole purpose of paying the principal of and interest on the Prior Bonds at the times and in the amounts set forth in the schedule shown in Exhibit B attached hereto and by this reference incorporated herein. Such amounts due on the Prior Bonds shall be paid directly by the Escrow Bank to the registered owners of the Prior Bonds, in its capacity as paying agent for the Prior Bonds. If at any time the Escrow Bank shall receive actual knowledge that the cash and Federal Securities in the Escrow Fund will not be sufficient to make any payment required by this Section 5, the Escrow Bank shall notify the District of such fact and the District shall immediately cure such deficiency from any source of legally available funds. Following payment in full of the principal of and interest on the Prior Bonds, all amounts on deposit in the Escrow Fund shall be transferred by the Escrow Bank to the County for deposit in the Debt Service Fund established pursuant to the Refunding Bond Resolution. The Escrow Bank has given notice of redemption of the Prior Bonds in accordance with the Prior Bond Resolution.
Instructions as to Application of Deposit. The total amount held in the Refunding Fund hereunder shall be applied by the Escrow Bank for the sole purpose of paying the principal and interest due on the Prior Bonds on September 1, 2016, and paying the redemption price of the Prior Bonds that mature on and after September 1, 2017 on September 1, 2016, all in accordance with Section 2.03(A)(ii) of the Prior Agreement and as set forth in Exhibit A attached hereto and by this reference incorporated herein. Following payment in full of the principal of and interest on the Prior Bonds, all amounts on deposit in the Refunding Fund shall be transferred by the Escrow Bank on September 2, 2016 to U.S. Bank National Association, in its capacity as Fiscal Agent for the Refunding Bonds, for deposit by such Fiscal Agent in the Bond Fund established pursuant to Section 4.02 of the Fiscal Agent Agreement relating to the Refunding Bonds, to be used for purposes of such Bond Fund. The Escrow Bank is hereby irrevocably directed to apply the amounts in the Refunding Fund to the redemption of the Prior Bonds pursuant to the preceding paragraph, and is hereby irrevocably directed to provide notice of redemption (at the expense of the City) in substantially the form of Exhibit B hereto, as required under Section 2.03(C) the Prior Agreement to effect such redemption. The Escrow Bank, in its capacity as Prior Fiscal Agent, is hereby requested, and the Escrow Bank, in its capacity as Prior Fiscal Agent, hereby agrees to promptly give notice of the defeasance of the Prior Bonds in the form of defeasance notice attached hereto as Exhibit C.
Instructions as to Application of Deposit. Escrow Bank will deposit any and all collected funds in the Escrow Account into a separate account at the Escrow Bank in the name of the LLC as soon as the funds are collected, until and unless Escrow Bank is otherwise directed in a writing mutually executed by CareView and the LLC. If the balances in the Escrow Account are not sufficient to compensate Escrow Bank for any returned item, LLC and CareView agree to immediately pay Escrow Bank on demand the amount due Escrow Bank. The failure to so pay Escrow Bank shall constitute a breach of this Agreement.
Instructions as to Application of Deposit. (a) The amounts deposited in the Escrow Fund pursuant to Section 3 shall be applied by the Escrow Bank for the sole purpose of (i) paying the scheduled debt service on the 2007A-T Authority Bonds due on August 1, 2017, and (ii) redeeming the 2007A-T Authority Bonds maturing on August 1, 2037 on August 1, 2017, at a redemption price equal to the principal amount thereof, plus accrued interest to such date, all as set forth in Exhibit B attached hereto. Following the redemption of the 2007A-T Authority Bonds, the Escrow Bank shall transfer any remaining amounts held by it relating to the 2007A-T Authority Bonds or the Prior Loans, to the 2017 Trustee for deposit in the Debt Service Fund established under the 2017 Indenture.
