Common use of Interest Fund Clause in Contracts

Interest Fund. The Trustee, on each Interest Payment Date, shall deposit in the Interest Fund that amount of money representing the interest becoming due and payable on the Notes. All money in the Interest Fund shall be used and withdrawn by the Trustee solely for the purpose of paying the interest evidenced and represented by the Note Participations on the Interest Payment Date.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

AutoNDA by SimpleDocs

Interest Fund. The Trustee, on each Interest Payment Date, shall deposit in the Interest Fund that amount of money moneys representing the portion of the Base Rental Payments designated as the interest becoming component coming due and payable on such Interest Payment Date. On each Interest Payment Date, the Notes. All money in Trustee shall withdraw from the Interest Fund shall be used and withdrawn by for payment to the Trustee solely for Owners of the purpose of paying Certificates the interest evidenced and represented by the Note Participations Certificates coming due on the such Interest Payment Date.

Appears in 1 contract

Samples: Trust Agreement

Interest Fund. The Trustee, on each Interest Payment Date, shall deposit in the Interest Fund that amount of money representing the interest becoming due and payable on the NotesNotes on such Interest Payment Date. All money in the Interest Fund shall be used and withdrawn by the Trustee solely for the purpose of paying the interest evidenced and represented by the Note Participations on the Interest Payment Date.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Interest Fund. The Trustee, on each Interest Payment Date, shall deposit in the Interest Fund that amount of money moneys representing the portion of the Base Rental Payments designated as the interest becoming component coming due and payable on such Interest Payment Date. On each Interest Payment Date, the Notes. All money in Trustee shall withdraw from the Interest Fund shall be used and withdrawn by Fund, for payment to the Trustee solely for the purpose of paying Owners, the interest evidenced and represented by the Note Participations Certificates coming due on the such Interest Payment Date.

Appears in 1 contract

Samples: Trust Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!