PLEDGED BOND PAYMENTS Sample Clauses

PLEDGED BOND PAYMENTS. Any principal of, premium on and interest on Pledged Bonds which becomes due and payable (including any due-bills received upon purchases thereof pursuant to the record date provisions of the Indenture or the Bonds) shall be paid to the Agent. All sums of money so paid to the Agent in respect of Pledged Bonds shall be credited against the obligation of the Company to reimburse the Agent, with interest under Section 2.10.5 for the amount drawn with a Tender Draft to fund the purchase of such Pledged Bonds pursuant to the Indenture.
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PLEDGED BOND PAYMENTS. Any principal of and interest on Pledged Bonds which becomes due and payable (including any due-bills received upon purchase thereof pursuant to the record date provisions of the Indenture or the Bonds) shall be paid to the Bank. All sums of money so paid to the Bank in respect of Pledged Bonds shall be credited against the obligation of the Borrower to reimburse the Bank, with interest, under Section 2.02(a) for the amount drawn under a Liquidity Drawing to fund the purchase of such Pledged Bonds pursuant to the Indenture.
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PLEDGED BOND PAYMENTS. Any principal of, premium on and interest --------------------- on Pledged Bonds which becomes due and payable shall be paid to Mellon. All sums of money so paid to Mellon in respect of Pledged Bonds shall be credited against the obligation of the Company to reimburse Mellon, with interest, under SECTION ------- 2.2(A) for the amount drawn with a Tender Draft to fund the purchase of ------ such Pledged Bonds pursuant to the Trust Agreement.
Sample 1
PLEDGED BOND PAYMENTS. Any principal of, premium on and interest --------------------- on Pledged Bonds which becomes due and payable shall be paid to Mellon. All sums of money so paid to Mellon in respect of Pledged Bonds shall be credited against the obligation of the Company to reimburse Mellon, with interest, under SECTION ------- 2.2(A) for the amount drawn with a Tender Draft to fund the purchase of ------ such Pledged Bonds pursuant to the Trust Agreement.
Sample 1

Related to PLEDGED BOND PAYMENTS

  • Disbursements of Monies from Payment Account (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, on each Payment Date, the Collateral Agent shall disburse amounts transferred from the Collection Account to the Payment Account pursuant to Section 8.02 in accordance with the Payment Date Report and the following priorities (the “Priority of Payments”):

  • Special Payment If (1) you submit a Claim Notice in accordance with Paragraph B above on your own behalf (and not on behalf of any other party); (2) we refuse to provide you with the relief you request; and (3) an arbitrator subsequently determines that you were entitled to such relief (or greater relief), the arbitrator shall award you at least $5,100 (plus any fees and costs to which you are entitled).

  • Trust Account Proceeds Prior to the liquidation of the Trust Account in the event the Company has not completed a Business Combination as required by its Charter Documents (the “Termination Date”), interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the Prospectus.

  • Working Capital Trust Account Proceeds Upon consummation of the Offering, $250,000 of the proceeds from the sale of the Firm Units will be released to the Company to fund the working capital requirements of the Company, and the remainder of the proceeds from the sale of the Firm Units will be deposited into the Trust Account and held pursuant to the terms of the Trust Agreement.

  • Depositor Payment Obligation The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred under the Administration Agreement.

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