Redemption Fund. The Trustee, on the redemption date specified in the Written Request of the City filed with the Trustee at the time that any prepaid Base Rental Payment is paid to the Trustee pursuant to the Lease Agreement, shall deposit in the Redemption Fund that amount of moneys representing the portion of the Base Rental Payments designated as prepaid Base Rental Payments. Additionally, the Trustee shall deposit in the Redemption Fund any amounts required to be deposited therein pursuant to Sections 5.03 or 5.04 hereof. Moneys in the Redemption Fund shall be used by the Trustee for the purpose of paying the principal of and interest and premium, if any, on Series 2017 Bonds redeemed pursuant to the provisions of subsections (a) and (b) of Section 4.01 hereof and Additional Bonds redeemed pursuant to the corresponding provisions of the Supplemental Indenture pursuant to which such Additional Bonds are issued; provided, however, that moneys deposited in the Redemption Fund may also be used to purchase Outstanding Series 2017 Bonds or Additional Bonds in the manner hereinafter provided. Purchases of Outstanding Series 2017 Bonds or Additional Bonds may be made by the Authority at public or private sale as and when and at such prices as the Authority may in its discretion determine, but only at prices (including brokerage or other expenses) not more than par plus accrued interest, plus, in the case of moneys set aside for an optional redemption or an extraordinary redemption, the premium applicable at the next following call date according to the premium schedule established pursuant to Sections 4.01(a) or (b), as applicable, or in the case of Additional Bonds the premium established in any Supplemental Indenture. Any accrued interest payable upon the purchase of Series 2017 Bonds or Additional Bonds may be paid from the amount reserved in the Interest Fund.
Redemption Fund. (a) The Redemption Fund shall be held by the Trustee for the benefit of the Bonds. The Trustee shall deposit into the Redemption Fund any Prepayments or Net Proceeds pursuant to Section 5.6. Any moneys on deposit in the Redemption Fund shall be used and applied, as soon as practicable following the receipt thereof, but not later than twelve months after such receipt, for either or both of the following purposes:
(1) to the redemption of Bonds as may be designated in an Officer’s Certificate; or
(2) to the purchase of Bonds at the price specified by the Borrower, but only upon receipt of a certificate of a Borrower Representative, with a copy to the Authority, stating the Principal Amounts and maturities of the Bonds to be purchased; provided that no such purchase shall be made at a price in excess of the Redemption Price applicable on the next ensuing redemption date, and that no such purchase shall be made during the period of 45 days next preceding a redemption date from moneys to be applied pursuant to paragraph (1) above to the redemption of Bonds on such date.
(b) Accrued interest on purchased Bonds shall be paid from the Debt Service Fund.
(c) All interest and other income from time to time received from the deposit and investment of moneys in the Redemption Fund shall be transferred upon receipt to the Revenue Fund.
(d) No amount shall be withdrawn or transferred from or paid out of the Redemption Fund except as provided in this Section.
Redemption Fund. The Paying Agent, if other than the County, shall establish and maintain a special fund designated the “Redemption Fund.” The Paying Agent shall deposit in the Redemption Fund amounts received from the District with respect to the optional redemption of Bonds pursuant to Article LXX. Amounts in the Redemption Fund shall be disbursed therefrom for the payment of the Redemption Price of Bonds redeemed pursuant to the extraordinary and optional redemption provisions set forth in Article LXX.
Redemption Fund. (a) The Trustee shall establish, maintain and hold in trust a special fund designated the “Redemption Fund.” Except as otherwise provided herein, the Trustee shall deposit in the Redemption Fund all Reassessments (other than prepayments thereof), together with interest and any penalties thereon, and any other amounts required to be deposited therein by this Indenture or the Act; provided, that it is expressly understood the County will not transfer to the Trustee any amounts received by the County representing Reassessments on delinquent parcels, including interest and penalties thereon, so long as the County has paid the Reassessments for such delinquent parcels pursuant to the County’s Xxxxxx Plan.
(b) On or before each Interest Payment Date, the Trustee shall withdraw from the Redemption Fund for payment to the Owners of the Bonds the principal, if any, of and interest then due and payable on the Bonds. Five Business Days prior to each Interest Payment Date, the Trustee shall determine if the amounts then on deposit in the Redemption Fund are sufficient to pay the principal, if any, of and interest due on the Bonds on such Interest Payment Date. In the event that amounts in the Redemption Fund are insufficient for such purpose, the Trustee, on or before such Interest Payment Date, shall withdraw from the Reserve Fund to the extent of any funds therein the amount of such insufficiency, and shall transfer any amounts so withdrawn to the Redemption Fund. Amounts so withdrawn from the Reserve Fund and deposited in the Redemption Fund shall be applied to the payment of the Bonds. If, after the foregoing transfer, there are insufficient funds in the Redemption Fund to pay the principal, if any, of and interest on the Bonds, the Trustee shall apply the available funds first to the payment of interest on the Bonds, then to the payment of principal of the Bonds unless the Board of Supervisors directs otherwise.
Redemption Fund. (a) Subject to adequate amounts on deposit in the Pledged Revenue Fund, amounts on deposit in the Redemption Fund shall be used and withdrawn by the Trustee to redeem Bonds pursuant to redemption provisions as provided a Supplemental Indenture.
(b) The Trustee shall cause to be deposited to the Redemption Fund from Prepayments and Foreclosure Proceeds received by the Trustee, an amount sufficient to redeem Improvement Area #3 Bonds as provided in a Supplemental Indenture. If after such transfer, there are insufficient funds to pay the principal amount plus accrued and unpaid interest on such Bonds to the date fixed for redemption of the Improvement Area #3 Bonds to be redeemed as a result of such Prepayment, the Trustee shall, to the extent sufficient funds are available in the Additional Interest Reserve Account, transfer an amount equal to the shortfall from the Additional Interest Reserve Account to the Redemption Fund to be applied to the redemption of the Improvement Area #3 Bonds.
(c) The Trustee shall, to the extent sufficient funds are available from the Pledged Revenues received by the Trustee and not otherwise disbursed in accordance with the provisions of this Master Indenture, cause to be deposited to the Redemption Fund from Pledged Revenues and pursuant to any transfers made pursuant to Section 5.5, an amount sufficient to redeem Improvement Area #3 Bonds as provided in a Supplemental Indenture at the direction of the City.
Redemption Fund. The Trustee shall establish and maintain the Redemption Fund, amounts in which shall be used and withdrawn by the Trustee solely for the purpose of paying the principal of and premium on the Bonds to be redeemed pursuant to Sections 4.01(a), (b), or (c); provided, however, that at any time prior to the selection of Bonds for redemption, the Trustee may apply such amounts to the purchase of Bonds at public or private sale, in accordance with Section 4.02.
Redemption Fund. The Trustee, on the redemption date specified in the Written Request of the City filed with the Trustee at the time that any prepaid Base Rental Payment is paid to the Trustee pursuant to the Lease Agreement, shall deposit in the Redemption Fund that amount of moneys representing the portion of the Base Rental Payments designated as prepaid Base Rental Payments. Additionally, the Trustee shall deposit in the Redemption Fund any amounts required to be deposited therein pursuant to Section 5.03 or Section 5.04 hereof. Moneys in the Redemption Fund shall be used by the Trustee for the purpose of paying the principal of and interest and premium, if any, on 2004 Bonds redeemed pursuant to the provisions of subsections (a) and (b) of Section 4.01 hereof.
Redemption Fund. (a) There is hereby established a special trust fund which shall be designated the “Xxx Memorial Health System 2019A Redemption Fund”. The Bond Trustee shall be the depositary, custodian and disbursing agent for the Redemption Fund.
Redemption Fund. (a) The Trustee shall establish and maintain in trust a special fund designated the “Redemption Fund.”
(b) The Trustee shall deposit in the Redemption Fund amounts received from the Agency in connection with the Agency’s exercise of its rights to optionally redeem Bonds pursuant to the provisions hereof.
(c) Amounts in the Redemption Fund shall be disbursed therefrom for the payment of the redemption price of Bonds redeemed pursuant to the provisions hereof.
Redemption Fund. The Issuer hereby directs the Trustee to establish and maintain so long as any of the Bonds are Outstanding a separate fund to be held by the Trustee to be known as the Redemption Fund.
(a) The Trustee shall deposit in the Redemption Fund, all money paid to it for optional redemption by the Borrower pursuant to the provisions of Section 4.05 of the Loan Agreement. Money shall be paid by the Trustee to the Owners of Bonds called for redemption in accordance with the provisions of Section 4.02.
(b) The Trustee shall deposit in the Redemption Fund, all money paid to it by the Borrower or transferred from other Funds and Accounts as specifically provided for in this Indenture, for the mandatory redemption of Bonds pursuant to Section 4.03, Section 4.04 and Section 4.05, sufficient (together with money available for such purpose in the Interest Account) to pay the redemption price of Bonds called for redemption. Money shall be paid by the Trustee to the Owners of Bonds called for redemption in accordance with the provisions of Section 4.03, Section 4.04 and Section 4.05, respectively.
