Refunding Fund. The net proceeds from the sale of the 2016 Bonds, less the amount deposited in the Cost of Issuance Fund under Section 3.04 hereof, shall be deposited in a special fund designated as the “Fishers Redevelopment Authority Refunding Fund” (the “Refunding Fund”). The Trustee shall, concurrently with its receipt of such proceeds, deposit such proceeds with the Escrow Agent for deposit under the escrow account established under the Escrow Agreement for the purpose of redeeming the 2005 Bonds on the redemption date.
Refunding Fund. In the Indenture, the Issuer has authorized and directed the Trustee to make payments from the Refunding Fund to effect the redemption in whole of the Series 2002B Bonds. Following the redemption of the Series 2002B Bonds, the Refunding Fund held under the Indenture will be closed.
Refunding Fund. (a) The Trust Administrator shall establish the Refunding Fund; shall keep the Refunding Fund separate and apart from all other funds, accounts and moneys held by the Trust Administrator; and shall administer the Refunding Fund as provided herein.
(b) The Trust Administrator shall disburse moneys in the Refunding Fund to the Bank in order to prepay and discharge the Credit Agreement in full.
(c) The Trust Administrator shall also disburse moneys in the Refunding Fund to pay the Delivery Costs upon a receipt of a requisition, the form of which is attached as Exhibit C, with bills, invoices or statements attached, signed by a County Representative (and, if required, by the Government as the Certificate Owner).
(d) Upon the prepayment and discharge of the Credit Agreement in full, and the payment of all Delivery Costs, the Trust Administrator shall transfer any remaining amounts in the Refunding Fund to the Reserve Fund and shall close the Refunding Fund.
Refunding Fund. (a) There shall be deposited in the Refunding Fund any and all amounts required to be deposited therein pursuant to Section 2.02(a) of this Indenture or otherwise required to be deposited therein pursuant to this Indenture.
(b) The Trustee shall apply monies on deposit in the Refunding Fund to pay in full the principal of, premium, if any, on and interest on the Prior Obligations on April 8, 2004.
Refunding Fund. There is hereby created and established with the Trustee a trust fund designated "The Industrial Development Board of the City of Montgomery -- KINPAK INC. Refunding Fund (the "Refunding Fund"). All xxx xxxxxxds of the sale of the Series 1996B Bonds shall be deposited in the Refunding Fund on the Issue Date. Moreover, pursuant to Section 4.4 of the Lease Agreement, the Company has agreed that it shall, on the Issue Date, deposit in the Refunding Fund such additional amounts, if any, as shall be necessary to pay in full the Interim Indebtedness and to provide for the redemption, on the redemption date designated by the Prior Trustee, of all outstanding Prior Bonds (including accrued interest thereon to such redemption date). The Trustee shall, on the Issue Date, and without need for further direction from the Issuer and the Company, apply the moneys on deposit in the Refunding Fund (a) to pay in full the Interim Indebtedness and (b) to pay to the Prior Trustee the amount necessary to provide for the redemption, on the redemption date designated by the Prior Trustee, of all outstanding Prior Bonds (including accrued interest thereon to such redemption date).
Refunding Fund. As authorized by Sections 2.01(b) and 4.02(c) hereof, the Fiscal agent shall deposit proceeds of the Tax-Exempt Funding Loan in the amount of $ to the Refunding Fund, which amounts shall be transferred to Bridgewater Bank, as the original purchaser of the Prior Note, to redeem and prepay a portion of the Prior Note on the Delivery Date. The remainder of the outstanding Prior Note will be repaid with proceeds of the Subordinate Bonds in accordance with the terms of the Subordinate Indenture.
Refunding Fund. The Issuer has authorized the issuance and sale of the Bonds in the aggregate principal amount of $119,175,000. Upon issuance and delivery thereof, the proceeds of the Bonds shall be deposited with the Trustee in the Refunding Fund and the Bond Fund in accordance with the Indenture. The obligations of the Issuer and the Company under this Agreement are expressly conditioned upon delivery of the Bonds and receipt of the proceeds thereof.
Refunding Fund. A Refunding Fund is hereby established to be held by the Trustee and proceeds of the Series 1997B Bonds shall be deposited therein as provided in Section 3.02. The moneys in the Refunding Fund shall be applied solely to reimburse certain amounts to the issuer of the letter of credit supporting the 1985 Bonds, which letter of credit will be drawn on to redeem the 1985 Bonds on December 11, 1997.
Refunding Fund. As authorized by Sections 2.01(b) and 4.02(c) hereof, the Fiscal Agent shall deposit proceeds of the Series 2021 Funding Loan in the amount of $5,958,617.00 plus $37.19 of the Borrower Equity Deposit to the Refunding Fund, which amounts shall be transferred to Bridgewater Bank, as the original purchaser of the Prior Note, to redeem and prepay the Prior Note on the Delivery Date.
Refunding Fund
