Revenues and Funds. Section 4.01 Pledge of Revenues and Assets; Establishment of Funds 25 Section 4.02 Project Loan Fund 26 Section 4.03 Application of Revenues 27 Section 4.04 Application of Loan Payment Fund 28 Section 4.05 Application of Loan Prepayment Fund 28 Section 4.06 Administration Fund 29 Section 4.07 [Reserved] 30 Section 4.08 Investment of Funds 30 Section 4.09 [Reserved] 31 Section 4.10 Accounting Records 31 Section 4.11 Amounts Remaining in Funds 31 Section 4.12 Rebate Fund; Compliance with Tax Certificate 31 Section 4.13 Cost of Issuance Fund 33 Section 4.14 Reports From the Fiscal Agent 33
Revenues and Funds. Pledge of Revenues and Assets; Establishment of Funds 24 Section 4.02 Project Loan Fund 25 Section 4.03 Application of Revenues 26 Section 4.04 Application of Loan Payment Fund 27 Section 4.05 Application of Loan Prepayment Fund 28 Section 4.06 Administration Fund 28 Section 4.07 [Reserved] 29 Section 4.08 Investment of Funds 29 Section 4.09 [Reserved] 30 Section 4.10 Accounting Records 30 Section 4.11 Amounts Remaining in Funds 30 Section 4.12 Rebate Fund; Compliance with Tax Certificate 30 Section 4.13 Cost of Issuance Fund 32 Section 4.14 Reports From the Fiscal Agent 32 Section 5.01 Payment of Principal and Interest 33 Section 5.02 Performance of Covenants 33 Section 5.03 Instruments of Further Assurance 33 Section 5.04 Inspection of Project Books 34 Section 5.05 No Modification of Security; Additional Indebtedness 34 Section 5.06 Damage, Destruction or Condemnation 34 Section 5.07 Tax Covenants 34 Section 5.08 Representations and Warranties of the Governmental Lender 36 Section 6.01 Events of Default 36 Section 6.02 Acceleration; Other Remedies Upon Event of Default 37 Section 6.03 Funding Lender Representative Control of Proceedings 39 Section 6.04 Waiver by Governmental Lender 39 Section 6.05 Application of Money After Default 39 Section 6.06 Remedies Not Exclusive 41 Section 6.07 Fiscal Agent May Enforce Rights Without Governmental Note 41 Section 6.08 [Reserved] 41 Section 6.09 Termination of Proceedings 41 Section 6.10 Waivers of Events of Default 41 Section 6.11 Interest on Unpaid Amounts and Default Rate for Nonpayment 41 Section 6.12 Assignment of Project Loan; Remedies Under the Project Loan 41 Section 6.13 Substitution 43
Revenues and Funds. 4.01 Pledge of Revenues and Assets; Establishment of Funds
4.02 Project Loan Fund 4.03 Application of Revenues 4.04 Application of Loan Payment Fund 4.05 Application of Loan Prepayment Fund 4.06 Administration Fund
Revenues and Funds. Pledge of Revenues and Assets; Establishment of Funds 53 Section 4.02 Bond Mortgage Loan Fund 54 Section 4.03 Application of Revenues 56 Section 4.04 Application of Bond Fund 58 Section 4.05 Application of Redemption Fund 59 Section 4.06 Application of Administration Fund 59 Section 4.07 Principal Reserve Fund 61 Section 4.08 Investment of Funds 62
Revenues and Funds. Section 6.01. Creation of the Bond Fund..................................................................30 Section 6.02. Payments into the Bond Fund..............................................................
Revenues and Funds. SECTION 501.
(I) The Authority covenants that it will charge tolls, rates, fees, rentals and other charges as may be necessary or proper in order that the Revenues in each fiscal year will at least equal the greater of:
(a) an amount sufficient
(i) to provide funds for the payment of Operating Expenses during such fiscal year, plus
(ii) to provide an amount equal to 125% of the Principal and Interest Requirements on all outstanding Bonds during such fiscal year (excluding interest payable from the Construction Fund pursuant to clause (c) of Section 403), or
(b) an amount sufficient
(i) to provide funds for the payment of Operating Expenses during such fiscal year, plus
(ii) to provide for making deposits to the credit of the Interest and Sinking Fund required on all outstanding Bonds (exclusive of (x) interest payable from the Construction Fund pursuant to clause (c) of Section 403 and (y) Available Funds deposited to the Interest and Sinking Fund as provided in Section 510(I)(a), (b) and (c)) under the provisions of this Article, plus
(iii) to provide for making the deposits to the credit of the Maintenance Reserve Fund, the Payment in Lieu of Taxes Fund and the Capital Budget Fund required under the provisions of this Article, plus
(iv) to provide for making deposits to the Improvement and Extension Fund, to the extent, if any, required pursuant to a supplemental agreement made pursuant to clause (e) of Section 1101. The Authority further covenants that if the total amount of Revenues in any fiscal year shall be less than the amounts referred to in clauses (a) and (b) of this subdivision (I) of this Section for such fiscal year, it will, before the first day of October of the following fiscal year, request independent experts or firms of experts of recognized ability and standing, other than the Consulting Engineers, in the field of estimating revenues of a facility or component or element of a facility of the type to which the recommendations of each relate, to make their recommendations as to a revision of the tolls, rates, fees, rentals and other charges, and copies of such request and of the recommendations of such experts shall be filed with the Trustee. Anything in this Agreement to the contrary notwithstanding, if the Authority shall comply with all recommendations of such experts in respect of tolls, rates, fees, rentals and other charges, it will not constitute an event of default under the provisions of clause (h) of Section 802 of this Agreeme...
Revenues and Funds. Section 6.01. Creation of the Principal and Interest Payment Account 16 Section 6.02. Deposits Into the Principal and Interest Payment Account 16 Section 6.03. Application of Moneys in the Principal and Interest Payment Account 17 Section 6.04. Payments Due on Saturdays, Sundays and Holidays 17 Section 6.05. Nonpresentment of Bonds 17
Revenues and Funds. Section 601. Deposits Into the Bond Fund 1717 Section 602. Application of Moneys in the Bond Fund 1717 Section 603. Payments Due on Days Other than Business Days 1818 Section 604. Nonpresentment of Bonds 1818
Revenues and Funds. Pledge of Revenues and Assets; Establishment of Funds 39 Section 4.02. Bond Mortgage Loan Fund 39 Section 4.03. Application of Revenues 40 Section 4.04. Application of Bond Fund 41 Section 4.05. Application of Redemption Fund. 41 Section 4.06. Application of Administration Fund 42 Section 4.07. Principal Reserve Fund 43 Section 4.08. Investment of Funds 44 Section 4.09. Money Held for Particular Bonds; Funds Held in Trust 45 Section 4.10. Accounting Records 45 Section 4.11. Amounts Remaining in Funds 45 Section 4.12. Rebate Fund; Compliance with Tax Certificate 46 Section 4.13. Cost of Issuance Fund 47 Section 4.14. Reports From the Trustee. 47 Section 4.15. Payments Under Bond Mortgage Loan. 48 Section 4.16. Drawings Under Credit Facility 48 Section 4.17. Notices Under Credit Enhancement Agreement 49 Section 5.01. Payment of Principal and Interest 49 Section 5.02. Performance of Covenants 49 Section 5.03. Instruments of Further Assurance 49 Section 5.04. Inspection of Project Books 50 Section 5.05. No Modification of Security; Additional Indebtedness 50 Section 5.06. Damage, Destruction or Condemnation 50 Section 5.07. Tax Covenant 51 Section 5.08. Representations and Warranties of the Issuer 52 ARTICLE VI
Revenues and Funds. 37 Section 6.01 .......Creation of the Bond Fund 37 Section 6.02 .......Payments into the Bond Fund 37 Section 6.03 .....
