INTEREST SUPPORT ACCOUNT Clause Samples

INTEREST SUPPORT ACCOUNT. (a) The Trustee shall establish and maintain the Interest Support Account into which the Trustee shall make such deposits, and from which the Trustee shall make such withdrawals, as herein specified. The Interest Support Account shall be maintained at the Corporate Trust Office as a segregated account clearly labeled as such. All funds deposited from time to time in the Interest Support Account pursuant to this Indenture shall be held by the Trustee as part of the Trust Estate on behalf of the Bondholders and the Trustee as provided herein. (b) On the Closing Date, the Trustee shall acquire from the proceeds of the sale of the Bonds, pursuant to an Issuer Order, a portfolio of Eligible Investments (that are in the form of U.S. Treasury securities with varying maturities) in an amount such that it will return payments of principal and interest so that on each Interest Payment Date during the Interest Support Period, the applicable Interest Support Payment for such Payment Date is available from the proceeds of such Eligible Investments; provided, that such Issuer Order shall specify the U.S. Treasury securities to be acquired; provided further, that the Issuer shall, from time to time, by Issuer Order, direct the Trustee as to which Eligible Investments should be disposed of or newly acquired for this purpose. Notwithstanding anything set forth in Section 3.04 to the contrary, the Trustee shall deposit in the Interest Support Account (pursuant to an Issuer Order) the proceeds from the earnings on any sale of Eligible Investments. (c) On each Interest Payment Date during the Interest Support Period, the Trustee shall withdraw from the Interest Support Account and deposit in the Collateral Proceeds Account the Interest Support Payment, for such Payment Date. Thereafter, if there is a shortfall in the payment of interest on the Bonds or in the Interest Reserve Amount on any Payment Date, after application of funds in the Collateral Proceeds Account pursuant to Section 3.03(c) on such Payment Date, the Trustee shall withdraw the amount of such shortfall from funds in the Interest Support Account, if any, and deposit such amount in the Collateral Proceeds Account or the Reserve Fund, as applicable. On September 20, 2003, the Trustee shall deposit in the Collateral Proceeds Account any remaining funds on deposit in the Interest Support Account.