SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 701. Moneys to be Held in Trust 19 Section 702. Investment of Moneys in Project Fund and Bond Fund 19 Section 703. Record Keeping 19
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 701. Moneys to be Held in Trust. All moneys deposited with or paid to the Trustee for account of the Bond Fund or the Project Fund under any provision of this Indenture, and all moneys deposited with or paid to any Paying Agent under any provision of this Indenture, shall be held by the Trustee or Paying Agent in trust and shall be applied only in accordance with the provisions of this Indenture and the Lease, and, until used or applied as herein provided, shall constitute part of the Trust Estate and be subject to the lien hereof. Neither the Trustee nor any Paying Agent shall be under any liability for interest on any moneys received hereunder except such as may be agreed upon in writing.
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. SECTION 701.
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 6.01 Investment of Funds and Accounts Held by the Trustee 36 Section 6.02 Liability for Investments 37
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Funds Held as Trust Funds SECTION 6.02. Investment of Funds ARTICLE VII—Redemption SECTION 7.01. In General SECTION 7.02. Notice by Publication SECTION 7.03. Optional Additional Notice SECTION 7.04. Payment of Redeemed Bonds SECTION 7.05. Payment of Coupons Which Mature Prior to Redemption SECTION 7.06. Moneys Deposited For Redemption Article VIII—Particular Covenants of the Authority SECTION 8.01. Payment of Bonds SECTION 8.02. Maintenance and Operation of Interceptor System
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 6.01. Moneys To Be Held in Trust ............................................................................. Section 6.02. Investment of Moneys........................................................................................
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 6.01 Investment of Funds and Accounts Held by the Trustee.
(a) Moneys held hereunder, if permitted by law, shall, as nearly as may be practicable, be invested by the Trustee in any Eligible Investments in accordance with the direction of an Authorized Officer of the Corporation given in writing, which direction shall specify the particular investment to be made; provided, however, that moneys in the Debt Service Fund shall only be invested in Eligible Investments of the type described in clause (ii), (iii) or (viii) of the definition of the term “Eligible Investments” set forth in Section 1.01 hereof, but, with respect to Eligible Investments described in said clause (viii), only if at the time such investment is made such securities are rated in the highest rating category of each Rating Service. Each investment shall permit the moneys so deposited or invested to be available for use at the times at, and in the amounts in, which the Corporation reasonably believes such moneys will be required for the purposes hereof.
(b) Obligations purchased or other investments made as an investment of moneys in any fund or account held under the provisions hereof shall be deemed at all times to be a part of such fund or account and the income or interest earned, profits realized or losses suffered by a fund or account due to the investment thereof shall be credited or charged, as the case may be, to such fund or account.
(c) In computing the amount in any fund or account held by the Trustee under the provisions hereof, obligations purchased as an investment of moneys therein or held therein shall be valued at the market value thereof, plus accrued interest to the date of valuation, except that investments held in the Debt Service Reserve Fund shall be valued at Amortized Value, plus accrued interest to the date of valuation. Amortized Value, when used with respect to an obligation purchased at a premium above or a discount below par, means the value as of any given time obtained by dividing the total premium or discount at which such obligation was purchased by the number of interest payments remaining on such obligation after such purchase and, in the case of an obligation purchased at a premium, deducting the amount thus calculated from each interest payment date after such purchase from the purchase price and, in the case of an obligation purchased at a discount, adding the amount thus calculated from each interest payment date after such purchase to the pur...
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 501. Moneys to be Held in Trust. All moneys deposited with or paid to the Trustee for the funds and accounts held under this Indenture, and all moneys deposited with or paid to any paying agent under any provision of this Indenture shall be held by the Trustee in trust and shall be applied only in accordance with the provisions of this Indenture and the Loan Agreement, and, until used or applied as herein provided, and except as provided in Sections 305 and 1001 hereof, shall (except for moneys in the Rebate Fund which shall be held in trust but are not subject to the lien of this Indenture) constitute part of the Trust Estate and be subject to the lien, terms and provisions hereof and shall not be commingled with any other funds of the Issuer or the Corporation except as provided under Section 502 hereof for investment purposes. The Trustee shall not be under any liability for interest on any moneys held uninvested hereunder except to the extent such moneys are invested in Permitted Investments.
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Moneys To Be Held in Trust. All moneys deposited with or paid to the Trustee for the account of any fund or account under any provision of this Indenture, and all moneys deposited with or paid to the Paying Agent under any provision of this Indenture, shall be held by the Trustee or Paying Agent in trust and shall be applied only in accordance with the provisions of this Indenture and the Lease and, until used or applied as so provided, shall constitute part of the Trust Estate and be subject to the lien hereof. Neither the Trustee nor any Paying Agent shall be under any liability for interest on any moneys received hereunder except interest earned on investments made pursuant to Section 7.02 of this Indenture and such other interest as may be agreed upon.
SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS. Section 701. Moneys to be Held in Trust. All moneys deposited with or paid to the Trustee for the account of any Fund or Account under any provision of this Indenture shall be held by the Trustee or Paying Agent in trust and shall be applied only in accordance with the provisions of this Indenture and the Lease and, until used or applied as so provided, shall constitute part of the Trust Estate and be subject to the lien hereof. The Trustee shall not be under any liability for interest on any moneys received hereunder except interest earned on investments made pursuant to Section 702 of this Indenture and such other interest as may be agreed upon.
