Revenue Fund. The Trustee and any Deposit Agent shall credit to the Revenue Fund: (i) all amounts received as interest, including federal interest subsidy payments, and principal payments with respect to Financed Student Loans, including all Guarantee payments and Special Allowance Payments with respect to Financed Student Loans (excluding, unless otherwise provided in a Supplemental Indenture, any federal interest subsidy payments and Special Allowance Payments that accrued prior to the date on which such Student Loans were Financed), (ii) unless otherwise provided in a Supplemental Indenture, proceeds of the resale to a Lender or SLFC of any Financed Student Loans pursuant to such Lender's or SLFC's repurchase obligation under the applicable Student Loan Purchase Agreement, (iii) all amounts received as earnings on or income from Investment Securities in the Acquisition Fund, the Reserve Fund, the Administration Fund, the Surplus Fund and the Note Fund, (iv) all Non-Delivery Fees, (v) all amounts to be transferred to the Revenue Fund from the Indemnification Fund, (vi) any amounts received by the Trustee pursuant to the indemnification provisions of any Joint Sharing Agreement, and (vii) all amounts to be transferred to the Revenue Fund from the Alternative Loan Guarantee Fund. Pending transfers from the Revenue Fund, the moneys therein shall be invested in Investment Securities as provided in Section 4.11 hereof, and any earnings on or income from said investments shall be retained therein. The Corporation shall cause all amounts required to be credited to the Revenue Fund, upon receipt by the Corporation, a Lender, SLFC, a Transferor or a Servicer, or any agent thereof, as the case may be, to be forthwith transmitted to the Trustee or any Deposit Agent therefor for such credit. On each Monthly Payment Date and on any other date on which the Balance in the Note Fund is not sufficient to pay all amounts payable therefrom on such date, all such moneys theretofore received and then held by a Deposit Agent shall be transferred to the Trustee. The Trustee shall deposit and credit all revenues to be credited to the Revenue Fund as follows: all such revenues received as payments of or in respect of principal of Financed Student Loans shall be credited by the Trustee forthwith upon receipt to the Repayment Account; and all other revenues and amounts, including all such revenues received as payments of or in respect of interest on or Special Allowance Payments with respect to...
Revenue Fund. (a) The Revenue Fund itself is not pledged to secure any of the Bonds or the Subordinate Obligations. The Trustee will credit to the Revenue Fund all Revenues immediately upon receipt.
(b) At least once each month, not later than the last Business Day of each month, the Trustee shall make transfers from the Revenue Fund in the amounts and in the order of priority set forth below: FIRST: To each Debt Service Fund, ratably, as follows: (i) first, in each Interest Account an approximately equal amount each month during each Interest Period for the Related Series of Bonds such that (after taking into consideration the amount, if any, then on deposit in such Interest Account), on the fifth Business Day immediately preceding the next Interest Payment Date for the Series of Bonds, there will be on deposit in the Interest Account an amount equal to the interest on the Outstanding Bonds of the Series to become due on such Interest Payment Date; provided, however, if on the last Business Day of any month, the required deposit to the Interest Account for that month is not made with respect to any Series of Bonds, the requirement will be cumulative and will be added to the deposit required in each succeeding month until the deposit is made; and (ii) then, in each Principal Account an approximately equal amount each month during the Principal Period for the Related Series of Bonds such that (after taking into consideration the amount, if any, then on deposit in such Principal Account), on the fifth Business Day immediately preceding the next Principal Payment Date for the Series of Bonds, there will be on deposit in the Principal Account an amount equal to the principal and Accreted Value of the Outstanding Bonds of the Series maturing or required to be redeemed on such Principal Payment Date; provided, however; if on the last Business Day of any month, the required deposit to the Principal Account is not made with respect to any Series of Bonds, the requirement will be cumulative and will be added to the deposit required in each succeeding month until the deposit is made; SECOND: To the Revenue Stabilization Fund the amount, if any, required so that the balance in such Fund shall equal the Revenue Stabilization Requirement;
Revenue Fund. Subject to Section 6.03, all money in the Revenue Fund shall be set aside by the Trustee in the following respective special accounts or funds within the Revenue Fund (each of which is hereby created and each of which the Trustee hereby covenants and agrees to cause to be maintained) in the following order of priority:
(1) Interest Account, and
(2) Principal Account. All money in each of such accounts shall be held in trust by the Trustee and shall be applied, used and withdrawn only for the purposes hereinafter authorized in this Section. On each Principal Payment Date, following payment of principal of and interest on the Bonds, any excess amount on deposit in the Revenue Fund shall be transferred to the Reserve Fund to the extent necessary to increase the amount therein to the Reserve Fund Requirement for all Bonds that have a Reserve Fund Requirement and any excess shall be returned to the County as an excess payment of Base Rental Payments.
Revenue Fund. The WGFP Enterprise shall deposit all amounts paid by Loan Allottee under Section 8.5 into the Revenue Fund and credit such amounts to Loan Allottees’ subaccounts therein. Monies in the Revenue Fund shall be disbursed periodically by the WGFP Enterprise to the following funds in the following order of priority:
8.6.1. To the Operating Fund, the full amount of the current Operating C&E attributable to all Loan Allottees;
8.6.2. To the Debt Service Fund, an amount equal to the WGFP Financing Costs for such period, except for financing costs for any subordinated lien borrowing, including the CWCB Loan;
8.6.3. To the Subordinated Lien Loan Fund, an amount necessary to pay the debt service for such period on all subordinated lien borrowings, including the CWCB Loan;
8.6.4. To the Operating Reserve Fund, an amount necessary to replenish any prior draws made in respect of any and all Loan Allottees and to increase the amount on deposit therein to equal the aggregate of the following two years of Operating C&E as estimated by the WGFP Enterprise under Section 1.20;
8.6.5. To the Debt Service Reserve Fund, an amount necessary to replenish any prior draws made in order to pay WGFP Financing Costs and to increase the amount on deposit therein to equal the amount required to be on deposit therein under any Financing Document;
8.6.6. To the Subordinated Lien Loan Reserve Fund, an amount necessary to replenish any prior draws made in order to pay any subordinated lien borrowings, including the CWCB Loan, and to increase the amount on deposit therein to equal the amount required to be on deposit therein under any Financing Document;
8.6.7. To such other reserves as the Enterprise Board may determine are necessary to establish and maintain in relation to Operating C&E, if any, pursuant to Section 6.1.2, an amount necessary to replenish any prior draws made in order to pay Operating C&E and to increase the amount on deposit therein to equal the amount determined by the Enterprise Board to be necessary to be on deposit therein;
8.6.8. To the Liquidity Fund, an amount necessary to maintain such fund at the amount described in Section 8.4.1; and
8.6.9. If any amount remains, to a surplus fund established and maintained by the WGFP Enterprise to be used by the WGFP Enterprise in its discretion for any lawful purpose of the WGFP Enterprise.
Revenue Fund. The Authority will cause Special Assessment Revenues and Special Tax Revenues to be collected and deposited in the Revenue Fund in accordance with the Memorandum of Understanding and will collect and immediately deposit in the Revenue Fund as received all other Pledged Revenues, and such other money as the Authority may determine, except as otherwise provided for in this Indenture for investment income on certain funds and accounts created by this Indenture and except for Prepayments, which will be deposited in the 2022 Prepayment Subaccount in the Redemption Account of the Bond Fund. The Trustee shall deposit in the Delinquent Payments Account only payments of Special Assessments or Special Taxes designated in writing by the Administrator, on behalf of the Authority and the City, as delinquent, and any penalties and interest thereon. Amounts in the Delinquent Payments Account shall be used for transfers to the Debt Service Reserve Fund as set forth in (c) below after making the transfers described in Sections 7.2(a) and (b). Except as set forth below, on the Business Day preceding each Interest Payment Date, the Trustee will make transfers from the Revenue Fund in the following order of priority:
(a) To the Administrative Expense Fund, the amount of any Special Assessments and Special Tax Revenues collected to pay Administrative Expenses and not retained by the City pursuant to the Memorandum of Understanding as provided in a written notice by the Authority or the Administrator, on behalf of the Authority, to the Trustee and any other Pledged Revenues necessary to pay Administrative Expenses;
(b) To the appropriate accounts in the Bond Fund, the amount necessary to make the following deposits:
(1) first, in the Interest Account an amount which, together with other amounts, if any, on deposit therein will equal the amount of interest due on the Bonds on such Interest Payment Date; and
(2) then, in the Principal Account an amount which, together with other amounts, if any, on deposit therein, will equal the principal amount (including any sinking fund installment), if any, due with respect to the Bonds on such Interest Payment Date;
(c) To the Debt Service Reserve Fund, if the amount in the Debt Service Reserve Fund is less than the Debt Service Reserve Requirement, the amount of money necessary, in addition to amounts on deposit therein, to equal the Debt Service Reserve Requirement; provided that such payments shall be made only from money in the Delinque...
Revenue Fund. Subject to Section 6.03, all money in the Revenue Fund shall be set aside by the Trustee in the following respective special accounts or funds within the Revenue Fund (each of which is hereby created and each of which the Trustee hereby covenants and agrees to cause to be maintained) in the following order of priority:
(1) Interest Account, and
(2) Principal Account. All money in each of such accounts shall be held in trust by the Trustee and shall be applied, used and withdrawn only for the purposes hereinafter authorized in this Section.
Revenue Fund. The Administrator shall instruct the Indenture Trustee to deposit into the Revenue Fund all Revenues derived from Financed Student Loans and all other Revenues derived from money or assets on deposit in the Acquisition Fund, the Reserve Fund, all Counterparty Derivative Payments and any other amounts deposited thereto by the Issuer, all as provided in the Indenture. The Administrator shall also instruct the Indenture Trustee in writing to make withdrawals from amounts deposited in the Revenue Fund as provided in the Indenture.
Revenue Fund. The Trustee shall establish and maintain a separate fund to be known as the “Revenue Fund” and the following separate accounts therein: Interest Account and Principal Account. Except as otherwise provided herein, the Trustee shall deposit all Revenues received after the Closing Date to the Revenue Fund and shall apply amounts in the Revenue Fund as described in Section 4.2 below.
Revenue Fund. The Trustee shall deposit into the Revenue Fund all Revenues (except as otherwise provided in Section 509 hereof) and any other amounts received by the Trustee which are subject to the lien and pledge of this Indenture, to the extent not required to be deposited in other Funds and Accounts in accordance with the terms of this Indenture. The Trustee shall first apply those moneys on deposit in the Credit Facility Account which represent payments received with respect to the Credit Facility and any earnings thereon and then, if needed, investment earnings on Funds and Accounts (to the extent such moneys constitute Available Moneys) on each Interest Payment Date and Principal Payment Date on the Bonds, in the order of priority and for the purposes as follows:
Revenue Fund. There is hereby created the Loan Revenue Fund (the “Revenue Fund”) which shall be an account held at Hillcrest Bank, a Lender Affiliate. The Borrower shall direct, or cause to be directed, the City of Angleton and the City of Tomball, as applicable, to make all Reimbursements directly to the Revenue Fund pursuant to the applicable City Consent Certificate. The Revenue Fund shall mean the “Lender Account” as defined and described in the City Consent Certificates. On each Payment Date, the Lender shall withdraw from the Revenue Fund and make payments and deposits in the following order of priority:
