References to the Bank. After establishment of a Fixed Rate for the Bonds and upon receipt by the Trustee of notice from the Bank that all amounts payable to the Bank with respect to draws under the Letter of Credit have been received, all references in this Participation Agreement to the Bank shall be ineffective.
Appears in 2 contracts
Samples: Indenture of Trust (Marketspan Corp), Participation Agreement (Long Island Lighting Co)
References to the Bank. After the establishment of a Fixed Rate for the Bonds and upon receipt by the Trustee of notice from the Bank that all amounts payable to the Bank with respect to draws under the Letter of Credit have been received, all references in this Participation Agreement the Indenture to the Bank shall be ineffective.
Appears in 2 contracts
Samples: Indenture of Trust (Long Island Lighting Co), Indenture of Trust (Marketspan Corp)