Common use of Instructions as to Application of Deposit Clause in Contracts

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.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement

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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 paying the principal of and interest on the 2011 Certificates to and including July 1, 2021, and redeeming the outstanding 2008 2011 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.

Appears in 1 contract

Samples: Escrow Agreement

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 Prior Bonds in full on the Redemption Date at the Redemption Price, as set forth in Exhibit B attached hereto and by this reference incorporated herein.

Appears in 1 contract

Samples: Escrow Agreement

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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 2007 Bonds in full on the Redemption Date at the Redemption Price, as set forth in Exhibit B A attached hereto and by this reference incorporated herein.

Appears in 1 contract

Samples: Escrow Agreement

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