Payment of Prior Bonds. From the maturing principal of the Federal Securities held in the Refunding Fund and the investment income and other earnings thereon and any uninvested money then held in the Refunding Fund, the Escrow Bank, as the Prior Trustee, shall apply such amounts, as follows:
Payment of Prior Bonds. The Company shall, at its own expense, pay to the Prior Trustees all amounts in excess of the proceeds of the Bonds and other moneys available to the Prior Trustees necessary to accomplish the refunding of the Prior Bonds as described in Section 4.01 of the Indenture.
Payment of Prior Bonds. From the maturing principal of the Government Obligations held in the Escrow Fund and the investment income and other earnings thereon and any uninvested money then held in the Escrow Fund, the Escrow Bank, the Escrow Bank shall apply such amounts as follows:
Payment of Prior Bonds. The Company shall, at its own expense, pay to each of the Series 1973 Trustee and the Series 1977 Trustee, all amounts in excess of the proceeds of the Bonds necessary to accomplish the refunding of $13,982,500 in principal amount of the Series 1973 Bonds and all of the Series 1977 Bonds, respectively, all as described in Section 4.01 of the Indenture.
Payment of Prior Bonds. From the moneys held in the Escrow Fund, the Escrow Bank, as the Prior Trustee, shall apply such amounts as follows:
Payment of Prior Bonds
