Common use of Refunding Fund - Disbursement of Bond Proceeds Clause in Contracts

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to the Bonds) on the date of issuance thereof to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem the Prior Bonds on the Refunding Date.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to the Bonds) on the date of issuance thereof to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem redeem, together with moneys of the Company deposited therein if necessary, $60,000,000 of the Prior Bonds to be redeemed on the Refunding Date.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to on or before the Bonds) on the date of issuance thereof Refunding Date to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem redeem, together with moneys of the Company deposited therein if necessary, $62,000,000 of the Prior Bonds on the Refunding Date.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to the Bonds) on the date of issuance thereof to the trustee under the Prior Trustee Indenture for disbursement and investment in accordance with the Prior Indenture in order to redeem the Prior Bonds on the Refunding Date.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to on or before the Bonds) on the date of issuance thereof Refunding Date to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem redeem, together with moneys of the Company deposited therein if necessary, $40,000,000 of the Prior Bonds on the Refunding Date.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to the Bonds) on the date of issuance thereof to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem redeem, together with moneys of the Company deposited therein, the Prior Bonds on the Refunding DateDate in the principal amounts set forth in Section 5.2 of the Indenture.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to the Bonds) on the date of issuance thereof to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem redeem, together with moneys of the Company deposited therein if necessary, $55,000,000 of the Prior Bonds on the Refunding Date.

Refunding Fund - Disbursement of Bond Proceeds. The Trustee, as authorized by the Issuer in the Indenture, shall transfer out of the Refunding Fund the proceeds of the Bonds (exclusive of accrued interest, if any, received with respect to on or before the Bonds) on the date of issuance thereof Refunding Date to the Prior Trustee for disbursement and investment in accordance with the Prior Indenture in order to redeem redeem, together with moneys of the Company deposited therein, if necessary, all of the Prior Bonds on the Refunding Date.