Common use of Principal Account Clause in Contracts

Principal Account. The Trustee shall deposit to the Principal Account moneys transferred from the Revenue Fund as provided in Section 5.3 hereof. Moneys in the Principal Account shall be used to pay principal of and sinking fund installments on the Bonds other than Subordinated Bonds when due.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

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Principal Account. The Trustee shall deposit to the Principal Account moneys transferred from the Revenue Fund as provided in Section 5.3 hereof5.03 of this Indenture. Moneys in the Principal Account shall be used to pay principal of and sinking fund installments on the Bonds other than Subordinated Bonds when due.

Appears in 2 contracts

Samples: Indenture of Trust, Indenture of Trust

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