Common use of Mandatory Prepayment From Amounts Remaining in Project Fund Clause in Contracts

Mandatory Prepayment From Amounts Remaining in Project Fund. Redemption of Bonds with proceeds derived under Section 3.4(c) hereof shall be deemed a prepayment of the Loan Payments in the same amount as the amount of Bonds redeemed. The Borrower shall pay or cause to be paid to the Trustee from Available Moneys, at the time of a transfer from the Project Fund to the Revenue Fund, such amount as is necessary to cause the transferred amount to equal an Authorized Denomination.

Mandatory Prepayment From Amounts Remaining in Project Fund. Redemption of Bonds with proceeds derived under Section 3.4(c3.4(b) hereof shall be deemed a prepayment of the Loan Payments in the same amount as the amount of Bonds redeemed. The Borrower shall pay or cause to be paid to the Trustee from Available Moneys, at the time of a transfer from the Project Fund to the Revenue Fund, such amount as is necessary to cause the transferred amount to equal an Authorized Denomination.