Common use of Standby Purchase Account Clause in Contracts

Standby Purchase Account. Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 hereof, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of 2018A-2 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient. Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2018A-2 Bonds shall be immediately returned to the Liquidity Facility Provider.

Standby Purchase Account. Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 hereof, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of 2018A-2 2020A-1 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient. Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2018A-2 2020A-1 Bonds shall be immediately returned to the Liquidity Facility Provider.

Standby Purchase Account. Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 hereof, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of 2018A-2 2019C Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient. Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2018A-2 2019C Bonds shall be immediately returned to the Liquidity Facility Provider.

Standby Purchase Account. Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 hereof, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of 2018A-2 2020D-2 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient. Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2018A-2 2020D-2 Bonds shall be immediately returned to the Liquidity Facility Provider.