Money for Bond Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to the Bonds of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on any of such Bonds, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly notify the Trustee, in writing, of any failure by the Company (or any other obligor on such Bonds) to make any payment of principal of or premium, if any, or interest, if any, on such Bonds. Whenever the Company shall have one or more Paying Agents for the Bonds of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on such Bonds, deposit with such Paying Agents sums sufficient (without duplication) to pay the principal and premium or interest so becoming due, such sums to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee, in writing, of any failure by it so to act. Upon their appointment as Paying Agent, the Company shall cause each Paying Agent for the Bonds of any series, or any Tranche thereof, other than the Company or the Trustee, to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall:
Money for Bond Payments to Be Held in Trust. Whenever the Issuer shall have one or more Paying Agents, the Trustee will, on each Payment Date or Redemption Date, withdraw from the Collateral Proceeds Account and deposit with such Paying Agent cash in an amount sufficient to pay principal of or interest on the Bonds with respect to the related Interest Accrual Period, such sum to be held in trust for the benefit of the Persons entitled to such principal or interest, and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of its action or failure to so act. The initial Paying Agent shall be the Trustee. Any additional or successor Paying Agent shall be appointed by Issuer Order. The Issuer shall not appoint any Paying Agent that is not, at the time of such appointment, a depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities. The Issuer will cause each Paying Agent, other than the Trustee, to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:
Money for Bond Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Bonds, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents, it will, on or before each due date of the principal of (and premium, if any) or interest on any Bonds, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, (and premium, if any) or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. The Company will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will
Money for Bond Payments to Be Held in Trust. If the Depositor shall at any time act as its own Paying Agent, it will, on or before each Payment Date, Redemption Date or Special Redemption Date for a Series of Bonds, segregate and hold in trust for the benefit of the Person entitled thereto a sum sufficient to pay the principal or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Depositor shall have one or more Paying Agents, the Trustee will, on or before each Payment Date, Redemption Date or Special Redemption Date for a Series of Bonds, deposit with such Paying Agent cash, Certificates of Deposit or a Letter of Credit in an amount sufficient to pay the principal or interest so becoming due (to the extent funds are then available for such purposes), such sum to be held in trust for the benefit of the Persons entitled to such principal or interest, and (unless such Paying Agent is the Trustee) the Depositor will promptly notify the Trustee of its action or failure so to act. The Depositor will cause each Paying Agent, other than the Trustee, to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:
Money for Bond Payments to Be Held in Trust. Repayment of --------------------------------------------------------- Unclaimed Money ---------------
Money for Bond Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Bonds which are to be made from amounts withdrawn from the related Collection Account pursuant to Section 8.2(c) or Section 5.8 shall be made on behalf of the Issuer by the Trustee or by a Paying Agent, and no amounts so withdrawn from a Collection Account for payments of Bonds shall be paid over to the Issuer under any circumstances except as provided in this Section 3.3 or in Section 5.8. When the Issuer shall have a Paying Agent for a Series that is not also the Bond Registrar for such Series, it shall furnish, or cause the Bond Registrar for such Series to furnish, no later than
Money for Bond Payments to Be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Bonds of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, or interest, if any, on any of such Bonds, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and shall promptly notify the Trustee of its action or failure so to act.
Money for Bond Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Bonds that are to be made from amounts withdrawn from the Bond Account pursuant to Section 8.02(c) or Section 5.07 shall be made on behalf of the Issuer by the Paying Agent, and no amounts so withdrawn from
Money for Bond Payments to Be Held in Trust. The Issuer may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay to the Trustee all sums held in trust by the Issuer, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Issuer. Any money deposited with the Trustee, or then held by the Issuer, in trust for the payment of the principal of, Make-Whole Premium, if any, or interest on, any Bond and remaining unclaimed for two (2) years after such principal, Make-Whole Premium, if any, or interest, has become due and payable shall be paid to the Issuer on Issuer Request, or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Bond shall thereafter, as an unsecured general creditor, look only to the Issuer for payment thereof and all liability of the Trustee with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease.
Money for Bond Payments to Be Held in Trust. (a) Not later than the Liquidity Date, the Issuer shall either (i) deliver to the Trustee an aggregate principal amount of Deposit Securities such that after such delivery, principal and interest payable on or before the Stated Maturity in respect of such Deposit Securities, plus the amount of Cash that will otherwise be available in the Distribution Account and the Reserve Fund on such date, shall at least equal the Selected Amount on such Liquidity Date, together with an Officers' Certificate Regarding Deposit Securities in the form of Exhibit G-1 and an Opinion of Counsel in the form of Exhibit C or (ii) make other arrangements acceptable to each Rating Agency (as evidenced by written confirmation from each Rating Agency) to deposit on the Business Day preceding the Stated Maturity an amount of Cash, together with the amount of Cash that will otherwise be available in the Distribution Account and the Reserve Fund on the Stated Maturity, at least equal to the Selected Amount and notify the Trustee of such
