Termination Upon Payment or Defeasance of Bonds. When: (a) interest on, and principal or the redemption price (as the case may be) of, all Bonds issued under the Indenture, together with all other amounts due and payable by the Company hereunder, shall have been paid; or (b) there shall have been deposited with the Trustee an amount evidenced by moneys or Government Obligations, the principal of and interest on which, when due, without reinvestment, will provide sufficient moneys to fully pay the principal or redemption price (as the case may be) of, and all accrued interest on, all Bonds then Outstanding, as well as all other sums payable or to become payable by the Company under this Agreement, as evidenced by a verification report from an independent certified public accountant, delivered to the Trustee, no further loan payments shall be payable hereunder and, with the consent of the Bank (if the Letter of Credit remains outstanding or if any amounts are due and owing to the Bank under the Reimbursement Agreement or any of the other Reimbursement Documents (as such term is defined in the Reimbursement Agreement)), this Agreement shall thereupon be terminated, and the Authority: (i) shall cause the Trustee to pay over to the Company any additional moneys then remaining in any Funds under the Indenture (and which will not be required to pay any amounts as set forth immediately above in this Section 3.07); and (ii) shall pay over to the Company any additional moneys which may be paid to the Authority by the Trustee; provided, however, that in each such case moneys remaining in any Fund under the Indenture or any additional moneys shall be first paid to the Bank to the extent of any moneys then due and owing from the Company to the Bank under the Reimbursement Agreement or any of the other Reimbursement Documents (as such term is defined in the Reimbursement Agreement).
Termination Upon Payment or Defeasance of Bonds. When the interest on and the principal or redemption price (as the case may be) of all Bonds issued under the Indenture, together with all other amounts due and payable by the Borrower hereunder, shall have been paid, or there shall have been deposited with the Trustee an amount evidenced by moneys or Government Obligations, the principal of and interest on which, when due, without reinvestment, will provide sufficient moneys to pay fully the principal or redemption price (as the case may be) of and all accrued interest on all Bonds then Outstanding, as well as all other sums payable or to become payable by the Borrower under this Agreement, as evidenced by a verification report from an Accountant, delivered to the Trustee, satisfactory in form and content to the Trustee, no further loan payments shall be payable hereunder and this Agreement shall thereupon be terminated. The Authority shall cause the Trustee to pay over to the Borrower any additional moneys then remaining in any Fund (other than the Rebate Fund) established under the Indenture (and which will not be required to pay any amounts as set forth in the preceding sentence), and shall pay over to the Borrower any additional moneys which may be paid to the Authority by the Trustee.
