Common use of Trust for Payment of Debt Service Clause in Contracts

Trust for Payment of Debt Service. (a) The Issuer may provide for the payment of any of the Notes by establishing a trust for such purpose with the Trustee and depositing therein cash or Federal Securities which (assuming the due and punctual payment of the principal of and interest on such Federal Securities) will provide funds sufficient to pay the Debt Service on such Notes as the same becomes due and payable until the maturity or redemption of such Notes; provided, however, that

Trust for Payment of Debt Service. (a) The Issuer may provide for the payment of any of the Notes Bonds by establishing a trust for such purpose with the Trustee and depositing therein cash or and/or Federal Securities which (assuming the due and punctual payment of the principal of and interest on such Federal Securities) will provide funds sufficient to pay the Debt Service on such Notes Bonds as the same becomes due and payable until the maturity or redemption of such NotesBonds; provided, however, that

Trust for Payment of Debt Service. (a) The Issuer may provide for the payment of any of the Notes Bond by establishing a trust for such purpose with the Trustee and depositing therein cash or and/or Federal Securities which (assuming the due and punctual payment of the principal of and interest on such Federal Securities, but without reinvestment) will provide funds sufficient to pay the Debt Service on such Notes Bond as the same becomes due and payable until the maturity Maturity or redemption of such NotesBond; provided, however, that