Purchase Agreement; Revenues Sample Clauses

Purchase Agreement; Revenues. The State and the Seller have entered into the Purchase Agreement for the purpose of financing and refinancing (as defined in the Trust Agreement) the acquisition and equipping by the State of certain buses for shuttle services between the main terminal and various parking sites of the Baltimore/Washington International Xxxxxxxx Xxxxxxxx Airport, together with improvements thereon, and certain personal property used in conjunction therewith or located thereon (the “Buses”). The Purchase Agreement requires the State to make periodic Purchase Installments (the “Purchase Installments”) to the Trustee in amounts sufficient to provide for the timely payment of the principal or redemption price of and interest on the Certificates when due until the State shall pay the entire price necessary to acquire the Buses (the “Purchase Price”), which Purchase Price shall be equal to the amount necessary to pay the principal or redemption price of and interest on all outstanding Certificates. Revenues are assigned under the Trust Agreement for the equal and ratable benefit of the registered owners from time to time of the Certificates. As defined in the Trust Agreement, “Revenues” means (i) all payments to be made by the State to the Seller pursuant to the Purchase Agreement, (ii) the proceeds of the Certificates and all amounts from time to time on deposit in the funds and accounts established by the Trust Agreement (except for amounts on deposit in the Rebate Fund) and (iii) all other revenues derived from the Purchase Agreement.
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Related to Purchase Agreement; Revenues

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  • Purchase Agreement See the introductory paragraphs hereof.

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