Common use of Qualified Obligations Account Clause in Contracts

Qualified Obligations Account. The Treasurer shall continue to maintain the Qualified Obligations Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding. The City shall make deposits to and payments from the Qualified Obligations Account in accordance with the terms of this Installment Purchase Agreement; provided, however, that if the 2020 Bonds are the only Qualified Obligations Outstanding, such account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 Bonds remain Outstanding.

Qualified Obligations Account. The Treasurer shall continue to maintain the Qualified Obligations Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstandingoutstanding. The City shall make deposits to and payments from the Qualified Obligations Account in accordance with the terms of this Installment Purchase Agreement; provided, however, that if the 2020 2015-A Bonds are the only Qualified Obligations and Second Lien Qualified Obligations Outstanding, such account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 Bonds obligations payable from such account remain Outstandingoutstanding.

Qualified Obligations Account. The Treasurer shall continue to maintain the Qualified Obligations Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding. The City shall make deposits to and payments from the Qualified Obligations Account in accordance with the terms of this Installment Purchase Agreement; provided, however, that if the 2020 2016 Bonds are the only Qualified Obligations Outstanding, such account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 2016 Bonds remain Outstanding.

Qualified Obligations Account. The Treasurer shall continue to maintain the Qualified Obligations Account, heretofore created under Ordinance No. 5032 of the City Council, so long as any Qualified Obligations remain Outstanding. The City shall make deposits to and payments from the Qualified Obligations Account in accordance with the terms of this Installment Purchase Agreement; provided, however, that if the 2020 2014-A Bonds are the only Qualified Obligations Outstanding, such account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 2014-A Bonds remain Outstanding.