Common use of Issuance of the Bonds; Application of Proceeds Clause in Contracts

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1, 2002 at a redemption price of 100% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds shall be deposited in the Refunding Fund. On October 1, 2002, all moneys on deposit in the Refunding Fund shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund created in the Refunded Bonds Indenture and applied by the Refunded Bonds Trustee to the payment of principal of and interest on the Refunded Bonds on October 1, 2002. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded Bonds. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October April 1, 2002 2003 at a redemption price of 100% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds shall be deposited in the Refunding Fund. On October 1March 28, 20022003, all moneys on deposit in the Refunding Fund shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund created in the Refunded Bonds Indenture and applied by the Refunded Bonds Trustee to the defeasance of the Refunded Bonds on March 28, 2003, and for the payment of principal of and interest on the Refunded Bonds on October April 1, 20022003. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded Bonds. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original PurchaserPurchasers. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that Company, for the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount benefit of the Refunded Bonds is Issuer, the Trustee and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be redeemed on October 1, 2002 at a redemption price of 100% of done or performed by the principal amount thereof plus accrued interest to that redemption dateCompany. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in the refunding of the Refunded Bonds in order to reduce the interest cost payable by the Company; those Bonds. Those proceeds shall be deposited in the Refunding FundFund with all investment earnings thereon being credited to the Refunding Fund and applied in accordance with Section 5.02 of the Indenture. On October 1Pursuant to Section 5.02 of the Indenture, 2002on the Redemption Date, all moneys on deposit in the Refunding Fund shall be disbursed transferred by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund Series 2008A Company Account of the bond fund created in the Refunded Bonds Indenture Series 0000X Xxxxxxxxx and the Series 2008B Company Account of the bond fund created in the Series 2008B Indenture, respectively, in the manner provided therein. Further, in accordance with said Section 5.02 of the Indenture, such funds will be applied solely and exclusively by the Refunded Bonds Trustee to reimburse the payment of principal of credit facility issuer for draws on the Series 2008A Credit Facility and interest on the Series 2008B Credit Facility used to redeem the Refunded Bonds on October 1, 2002the Redemption Date. The Company shall pay Any remaining reimbursement due to the Refunded Bonds Trustee prior to Credit Facility Issuer after the date application of redemption of all such series of Refunded Bonds such additional amounts as moneys shall be required to pay in full on such date paid from moneys provided by the entire amount of principal of, premium and interest due on the Refunded BondsCompany. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any The Company acknowledges that the proceeds of the Bonds (including any interest income thereon) may be insufficient to pay the full costs of refunding the Refunded Bonds and that the Issuer has made no representation or warranty with respect to the sufficiency thereof. The Company further acknowledges that it is (and will remain after the issuance of the Bonds) obligated to, and hereby confirms that it will, pay all costs of the redemption of the Refunded Bonds on the Redemption Date. The Company and the Issuer hereby confirm that the Refunded Bonds Trustee has been notified that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on the Redemption Date, at the redemption price of 100% of the principal amount thereof, plus interest accrued interest shall be deposited in the Bond Fundto that date.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, concurrently with the Issuer delivery to the Trustee of the First Mortgage Bonds as provided in Section 4.1 hereof, the Authority will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1, 2002 at a redemption price of 100% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds Company and shall be deposited in the Refunding Fund. On October 1Fund as follows: (a) $9,000,000 of the proceeds of the Bonds will be deposited in the Series 1977 Account of the Refunding Fund (as created and defined in the Indenture) and on August 31, 2002, 2005 all moneys on deposit in the Refunding Fund Series 1977 Account shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit deposited in the Bond Fund created in the Refunded Bonds Indenture Series 0000 Xxxxxxxxx and applied by the Refunded Bonds Series 1977 Trustee to the payment of principal of and interest on the Refunded Series 1977 Bonds on October 1September 19, 2002. The Company 2005. (b) $32,300,000 of the proceeds of the Bonds will be deposited in the Series 1992 Account of the Refunding Fund (as created and defined in the Indenture), and on August 31, 2005 all moneys on deposit in the Series 1992 Account shall pay be deposited in the Bond Fund created in the Series 0000 Xxxxxxxxx and applied by the Series 1992 Trustee to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount payment of principal of, premium of and interest due on the Refunded BondsSeries 1992 Bonds on September 19, 2005. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund. The Company hereby requests that the Authority notify the Series 1977 Trustee (unless the Series 1977 Trustee has already received such notice) that the entire outstanding principal amount of the Series 1977 Bonds is to be redeemed on September 19, 2005 at a redemption price of 100% of the principal amount thereof plus accrued interest to the redemption date. The Company further requests that the Authority notify the Series 1992 Trustee (unless the Series 1992 Trustee has already received such notice) that the entire outstanding principal amount of the Series 1992 Bonds is to be redeemed on September 19, 2005 at a redemption price of 100% of the principal amount thereof plus accrued interest to the redemption date.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1September 15, 2002 1998 at a redemption price of 100102% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds shall be deposited in the Refunding Fund. On October 1September 15, 2002, 1998 all moneys on deposit in the Refunding Fund shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund created in the Refunded Bonds Indenture and applied by the Refunded Bonds Trustee to the payment of principal of and interest on the Refunded Bonds on October 1their redemption on September 15, 20021998. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded Bonds. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1, 2002 2002, at a redemption price of 100% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds shall be deposited in the Refunding Fund. On October 1, 2002, all moneys on deposit in the Refunding Fund shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund created in the Refunded Bonds Indenture and applied by the Refunded Bonds Trustee to the payment of principal of and interest on the Refunded Bonds on their redemption on October 1, 2002. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded Bonds. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, concurrently with the Issuer delivery to the Trustee of the First Mortgage Bonds as provided in Section 4.1 hereof, the Authority will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1, 2002 at a redemption price of 100% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds Company and shall be deposited in the Refunding Fund. On October 1Fund as follows: (a) $27,800,000 of the proceeds of the Bonds will be deposited in the Series 1992 Account of the Refunding Fund (as created and defined in the Indenture) and on August 31, 2002, 2005 all moneys on deposit in the Refunding Fund Series 1992 Account shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit deposited in the Bond Fund created in the Refunded Bonds Indenture Series 0000 Xxxxxxxxx and applied by the Refunded Bonds Series 1992 Trustee to the payment of principal of and interest on the Refunded Series 1992 Bonds on October 1September 19, 2002. The Company 2005. (b) $110,000,000 of the proceeds of the Bonds will be deposited in the Series 1995 Account of the Refunding Fund (as created and defined in the Indenture), and on August 31, 2005 all moneys on deposit in the Series 1995 Account shall pay be deposited in the Bond Fund created in the Series 0000 Xxxxxxxxx and applied by the Series 1995 Trustee to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount payment of principal of, premium of and interest due on the Refunded BondsSeries 1995 Bonds on September 19, 2005. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer Authority to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund. The Company hereby requests that the Authority notify the Series 1992 Trustee (unless the Series 1992 Trustee has already received such notice) that the entire outstanding principal amount of the Series 1992 Bonds is to be redeemed on September 19, 2005 at a redemption price of 100% of the principal amount thereof plus accrued interest to the redemption date. The Company further requests that the Authority notify the Series 1995 Trustee (unless the Series 1995 Trustee has already received such notice) that the entire outstanding principal amount of the Series 1995 Bonds is to be redeemed on September 19, 2005 at a redemption price of 102% of the principal amount thereof plus accrued interest to the redemption date.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1March 28, 2002 1997 at a redemption price of 100102% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds shall be deposited in the Refunding Fund. On October 1March 28, 2002, 1997 all moneys on deposit in the Refunding Fund shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund created in the Refunded Bonds Indenture and applied by the Refunded Bonds Trustee to the payment of principal of and interest on the Refunded Bonds on October 1their redemption on March 28, 20021997. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded Bonds. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original Purchaser. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on October 1December 16, 2002 1996 at a redemption price of 100% of the principal amount thereof plus accrued interest to that redemption date. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in refunding the Refunded Bonds in order to reduce the interest cost payable by the Company; those proceeds shall be deposited in the Refunding Fund. On October 1December 13, 2002, 1996 all moneys on deposit in the Refunding Fund shall be disbursed by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund created in the Refunded Bonds Indenture and applied Series 1973 Ixxxxxxxx xxx xhe Series 1979 Ixxxxxxxx xxx xpplied by the Refunded Bonds Trustee to the payment of principal of and interest on the Refunded Series 1973 Bonds and the Series 1979 Bonds on October 1their redemption on December 16, 2002. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded Bonds1996. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any accrued interest shall be deposited in the Bond Fund.

Issuance of the Bonds; Application of Proceeds. To provide funds to make the Loan to the Company to assist the Company in the refunding of the Refunded Bonds, the Issuer will issue, sell and deliver the Bonds to the Original PurchaserPurchasers. The Bonds will be issued pursuant to the Indenture in the aggregate principal amount, will bear interest, will mature and will be subject to redemption as set forth therein. The Company hereby approves the terms and conditions of the Indenture and the Bonds, and the terms and conditions under which the Bonds will be issued, sold and delivered. The Company hereby requests that Company, for the Issuer notify the Refunded Bonds Trustee (unless the Refunded Bonds Trustee has already received such notice), pursuant to the Refunded Bonds Indenture, that the entire outstanding principal amount benefit of the Refunded Bonds is Issuer, the Trustee and each Bondholder, shall do and perform all acts and things required or contemplated in the Indenture to be redeemed on October 1, 2002 at a redemption price of 100% of done or performed by the principal amount thereof plus accrued interest to that redemption dateCompany. The proceeds from the sale of the Bonds (other than any accrued interest) shall be loaned to the Company to assist the Company in the refunding of the Refunded Bonds in order to reduce the interest cost payable by the Company; those Bonds. Those proceeds shall be deposited in the Refunding FundFund with all investment earnings thereon being credited to the Refunding Fund and applied in accordance with Section 5.02 of the Indenture. On October 1Pursuant to Section 5.02 of the Indenture, 2002on the Redemption Date, all moneys on deposit in the Refunding Fund shall be disbursed transferred by the Trustee as provided in Section 5.02 of the Indenture to the Refunded Bonds Trustee for deposit in the Bond Fund bond fund created in the Refunded Bonds Indenture and applied by Indenture. In addition, the Company shall deposit with the Refunded Bonds Trustee on or prior to the payment Redemption Date funds which, together with the proceeds of principal of and interest on the Bonds, will be sufficient to redeem the Refunded Bonds on October 1, 2002. The Company shall pay to the Refunded Bonds Trustee prior to the date of redemption of such series of Refunded Bonds such additional amounts as shall be required to pay in full on such date the entire amount of principal of, premium and interest due on the Refunded BondsRedemption Date. Pending disbursement pursuant to this Section, the proceeds so deposited in the Refunding Fund, together with any investment earnings thereon, shall constitute a part of the Revenues assigned by the Issuer to the Trustee for the payment of Bond Service Charges. Any The Company acknowledges that the proceeds of the Bonds (including any interest income thereon) may be insufficient to pay the full costs of refunding the Refunded Bonds and that the Issuer has made no representation or warranty with respect to the sufficiency thereof. The Company further acknowledges that it is (and will remain after the issuance of the Bonds) obligated to, and hereby confirms that it will, pay all costs of the redemption of the Refunded Bonds on the Redemption Date. The Company and the Issuer hereby confirm that the Refunded Bonds Trustee has been notified that the entire outstanding principal amount of the Refunded Bonds is to be redeemed on the Redemption Date, at the redemption price of 100% of the principal amount thereof, plus interest accrued interest shall be deposited in the Bond Fundto that date.