Use of Moneys in Debt Service Accounts. Available moneys in each Debt Service Account shall be used, subject to any restrictions on the use of such moneys set forth in any Tax Compliance Certificate, solely for the payment of:
Use of Moneys in Debt Service Accounts. Moneys in each Account of the Debt Service Fund shall be used solely for the pro rata payment of (i) the Debt Service on and the Redemption Price of Bonds with the same Lien designation as such Account and (ii) any other regularly scheduled payments owed to the providers of Credit Facilities and Hedge Agreements entered into with respect to such Bonds in accordance with Section 6.12 of the Initial Senior Loan Agreement or any other Loan Agreement under which the proceeds of Senior Xxxx Xxxxx are loaned by the Issuer to the Borrower; provided, that (i) moneys representing accrued interest received at the time of issuance of any Series of Bonds shall be used to pay the first interest payment due on such Bonds; (ii) moneys transferred to such Account of the Debt Service Fund from an Account of the Capitalized Interest Fund shall be used to pay interest on the Series of Bonds for which such Account of the Capitalized Interest Fund was created; (iii) moneys paid by the Issuer with respect to the Redemption Price of Bonds pursuant to Section 4.8 hereof shall be used to pay the Redemption Price of the Bonds with respect to which such payment was made; and (iv) moneys held in such Account of the Debt Service Fund following an Event of Default shall be used as provided in Section 7.3 hereof. Subject to Section 2.4 of the Intercreditor Agreement, moneys deposited in the Senior Xxxx Xxxxx Interest Account and the Senior Xxxx Xxxxx Principal Account after the occurrence of a Bankruptcy Related Event and the TIFIA Bond becoming a Senior Xxxx Xxxx shall include amounts due on the TIFIA Bonds and the TIFIA Bonds shall be treated as any other Senior Xxxx Xxxx.
