Purchase Fund Sample Clauses

Purchase Fund. The Tender Agent shall establish and maintain a special fund designated as the “Purchase Fund,” and within such fund three separate accounts designated, respectively, as the “Liquidity Facility Deposit Account,” the “Remarketing Proceeds Account” and the “Borrower Purchase Account.” Upon the designation of two or more subseries of Bonds pursuant to Section 2.02E, the Tender Agent shall establish and maintain a separate subaccount for each subseries within each such Account and shall deposit to and draw on the applicable subaccount all receipts in respect of and all payments of the Purchase Price of the Bonds of the subseries for which such subaccount is established. The money in the Purchase Fund shall be held in trust and applied solely as provided in this Section. The Tender Agent shall deposit all moneys delivered to it hereunder for the purchase of Bonds into the Remarketing Proceeds Account and shall hold all such moneys in trust for the exclusive benefit of the Person that shall have so delivered such moneys until the Bonds purchased with such moneys shall have been delivered to it for the account of such Person and, thereafter, for the benefit of the Bondholders tendering such Bonds. The Tender Agent shall deposit all moneys delivered to it hereunder from a payment by or on behalf of any Liquidity Facility Provider for the purchase of Bonds into the Liquidity Facility Deposit Account and shall hold all such moneys in trust for the exclusive benefit of such Liquidity Facility Provider until the Bonds purchased with such moneys shall have been delivered to or for the account of such Liquidity Facility Provider and, after such delivery, the Tender Agent shall hold such funds exclusively for the benefit of the Bondholders tendering such Bonds. The Tender Agent shall deposit all moneys delivered to it hereunder from a payment by or on behalf of the Borrower for the purchase of Bonds into the Borrower Purchase Account and shall hold all such moneys in trust for the exclusive benefit of the Borrower until the Bonds purchased with such moneys shall have been delivered to or for the account of the Borrower and, after such delivery, the Tender Agent shall hold such funds exclusively for the benefit of the Bondholders tendering such Bonds. Moneys in the Liquidity Facility Deposit Account, the Remarketing Proceeds Account and the Borrower Purchase Account shall not be commingled with other funds held by the Tender Agent and shall remain uninvested. Neither the ...

Purchase Fund. There is hereby established and there shall be maintained with the Trustee a separate fund to be known as the “Purchase Fund”. The Trustee shall further establish separate accounts within the Purchase Fund to be known as the “Remarketing Proceeds Account” and the “Company Purchase Account.”

Purchase Fund. There is hereby established and there shall be maintained with the Paying Agent, as agent for the Trustee, a separate fund to be known as the “Purchase Fund.” The Paying Agent shall further establish separate accounts within the Purchase Fund to be known as the “Standby Purchase Account” and the “Remarketing Proceeds Account.”

Purchase Fund. There is hereby established and there shall be maintained with the Tender Agent, as agent for the Trustee, a separate fund to be known as the "Purchase Fund". The Tender Agent shall further establish separate accounts within the Purchase Fund to be known as the "Liquidity Facility Purchase Account" and the "Remarketing Proceeds Account" and the "Company Purchase Account".

Purchase Fund. The Trustee shall establish and maintain a separate fund to be known as the “Purchase Fund” into which shall be deposited a portion of the proceeds of sale of the Bonds pursuant to Section 3.2(a) hereof. The Trustee shall use the proceeds of the Bonds to purchase Local Obligations on the Closing Date; provided, however, that such Local Obligations may be purchased only if the Trustee has received a certificate of the Original Purchaser of the Bonds or an Independent Financial Consultant stating that the Revenues to be available to the Trustee,

Purchase Fund. In each calendar quarter commencing with the quarter beginning on January 1, 1997, the Corporation will make all reasonable efforts to purchase in the open market in Canada, at such time or times as the Corporation in its discretion shall determine, at prices below the principal amount thereof plus accrued and unpaid interest and costs of purchase, up to 1% of the aggregate principal amount of the Securities originally issued hereunder which Securities so purchased shall be promptly surrendered by the Corporation to the Trustee for cancellation. If in any of the first three calendar quarters of a calendar year the Corporation shall, for any reason, including the fact that the Securities did not trade below their principal amount, be unable, by the exercise of all reasonable efforts, to purchase as aforesaid, the maximum principal amount of Securities which it is obliged by this Section 1110 to endeavour to purchase during such quarter, then the Corporation shall not be in default hereunder, but in each such case the maximum principal amount of the Securities which it shall be obliged to make all reasonable efforts to purchase as aforesaid during the next succeeding calendar quarter or quarters of the said calendar year, if any, shall be increased by that amount which is equal to the difference between the maximum principal amount of Securities which the Corporation was obliged to endeavour to purchase during such first mentioned quarter and the principal amount of Securities actually purchased during such first mentioned quarter in discharge of that obligation. Provided that: (a) Where the Corporation was unable to fully discharge an obligation to endeavour to purchase Securities in respect of any calendar quarter of a calendar year as at the end of such calendar year by purchases of the maximum principal amount of the Securities which it was obliged to endeavour to purchase, then the amount of the aggregate obligation of the Corporation in respect of the four calendar quarters of such calendar year shall be deemed to have been discharged and shall be extinguished; and (b) The Corporation may, in the discharge of its obligation under this Section 1110 in respect of any calendar quarter, surrender to the Trustee in respect of that quarter, Securities which may have been redeemed or purchased by it during such quarter otherwise than pursuant to such obligation, and upon any such surrender, the principal amount of the Securities which the Corporation is by th...

Purchase Fund. There is hereby established and there shall be maintained with the Trustee a separate fund to be known as the Business Finance Authority of the State of New Hampshire Water System Revenue Bonds (Pennichuck Water Works, Inc. Project) <PAGE> A-25

Purchase Fund. The Purchase Fund shall consist of Accounts for the Initial Bonds to be designated respectively the “Remarketing Account” and the “Company Purchase Account”.

Purchase Fund. The Tender Agent shall establish and maintain a special fund designated as the "Bond Purchase Fund" (herein called the "Purchase Fund") and within such fund two separate accounts for each Series of 2010 Bonds issued, designated, respectively, as the " Credit Facility Proceeds Account," and the " Remarketing Proceeds Account" (inserting therein the Series designation of such 2010 Bonds). The money in the Purchase Fund shall be held in trust and applied solely as provided in this subsection. The Tender Agent shall deposit all moneys, other than proceeds of drawings upon a Credit Facility, delivered to it hereunder for the purchase of 2010 Bonds of a Series into the related Series-designated Remarketing Proceeds Account if such amounts arise from the remarketing of such 2010 Bonds, and shall hold all such moneys in trust for the exclusive benefit of the persons that shall have so delivered such moneys until the 2010 Bonds purchased with such moneys shall have been delivered to it for the account of such persons and, thereafter, for the benefit of the Holders tendering such 2010 Bonds. Moneys in a Series-designated Credit Facility Proceeds Account shall be used to pay the purchase price only of 2010 Bonds of such Series, and moneys received from the remarketing of 2010 Bonds of any Series, shall be used only to pay the purchase price only of 2010 Bonds of such Series. The Tender Agent shall deposit all moneys delivered to it hereunder from drawings under a Credit Facility for the purchase

Purchase Fund. Subject to the terms and conditions of this Agreement, OmniVision agrees to remit fund to XinTec periodically (each a “Purchase Fund”) for the procurement of the Equipment in accordance with the approved list(s) and schedule(s) pursuant to Section 1.2 above. The Purchase Fund shall be held in a separate account and in trust for the benefit of OmniVision. The Purchase Fund will be disbursed and replenished from time to time for the payment of the Equipment or reimbursement of the advance payments made by XinTec. All disbursements and reimbursements shall be properly documented against duly issued invoices of the equipment vendors, together with packing lists, bills of ladings, and/or other commercial papers. In no event shall the Purchase Fund or any portion of it be used for any other purpose whatsoever. XinTec shall keep detailed records of such account and submit to OmniVision for review at least once a month, or sooner upon receipt of each shipment of Equipment pursuant to Section 1.5. Notwithstanding any provisions to the contrary, the aggregate purchase prices, inclusive of all shipping costs, labor costs, taxes, duties, insurances and installation fees, of the Equipment shall not exceed Fifty Million US Dollars ($50,000,000) (the “Maximum Purchase Price”). XinTec agrees that any amount over the Maximum Purchase Price shall be XinTec’s sole obligation. Upon disbursement and reimbursement of the complete list of the Equipment permitted herein, any balance of Purchase Fund, if any, shall be returned promptly to OmniVision.