Use of Moneys in the Bond Fund. Except as provided in Sections 4.03, 4.05, 4.06 and 6.11 hereof, moneys in the various accounts of the Bond Fund shall be used solely for the payment of the principal of, premium, if any, and interest on the Bonds and for the redemption of the Bonds prior to maturity. Subject to the provisions of Section 6.12 hereof, funds for such payments of the principal of and premium, if any, and interest on the Bonds shall be derived from the following sources in the order of priority indicated:
(a) moneys drawn by the Trustee under the Credit Facility during any Credit Facility Period; and
(b) any other moneys furnished to the Trustee and available for such purpose.
Use of Moneys in the Bond Fund. Except as provided in this Indenture, moneys deposited into the Bond Fund shall be used solely for the payment of the principal of, redemption premium, if any, and interest on the Bonds. Upon receipt of a written notice from the Company pursuant to Section 4.9 of the Agreement or in the case of a directed purchase of Bonds, upon the deposit of cash or Government Obligations in the Bond Fund sufficient, together with other amounts available therefor in the Bond Fund, to make the directed purchase of Bonds, the Issuer and the Trustee covenant and agree to take and cause to be taken the necessary steps to redeem or purchase such principal amount of Bonds as specified by the Company in such written notice; provided, however, that any available moneys in the Bond Fund may be used on direction of the Company to redeem a part of the Bonds Outstanding then redeemable or to purchase Bonds for cancellation so long as the Company is not in default with respect to any payments required pursuant to the Notes and the Agreement and to the extent said moneys are in excess of the amount required for payment of the Bonds theretofore matured or called for redemption and interest accrued and payable in respect of such Bonds Outstanding.
Use of Moneys in the Bond Fund. Except as provided in Section 4.05 hereof, moneys in the Bond Fund (other than in the Repurchase Moneys Account thereof) shall be used solely for the payment of the principal of, premium, if any, and Interest on the Bonds as the same mature and come due and for the redemption of the Bonds or the purchase in lieu thereof prior to maturity. The Issuer hereby authorizes and directs the Trustee to withdraw moneys from the Bond Fund (other than from the Repurchase Moneys Account thereof) to pay the principal of, premium, if any, and Interest on the Bonds as the same become due and payable and to make said funds so withdrawn available to the Paying Agent for the purpose of paying such principal of, premium, if any, and Interest. Moneys in the Repurchase Moneys Account shall be used for the purchase of Bonds pursuant to Section 3.04 hereof and for no other purpose. Moneys in the Repurchase Moneys Account shall not be subject to the Lien of the Indenture or otherwise available for the payment of principal of, premium, if any, and Interest on the Bonds except for the purchase of Bonds pursuant to Section 3.04 hereof.
Use of Moneys in the Bond Fund. Except as provided in this SECTION 6.03 and in SECTIONS 4.05, 4.08 AND 6.11 hereof, moneys in the various accounts of the Bond Fund shall be used solely for the payment of the principal of, premium, if any, and interest on the Bonds and for the redemption of the Bonds prior to maturity. Subject to the provisions of SECTION 6.12 hereof, funds for such payments of the principal of and premium, if any, and interest on the Bonds shall be derived from the following sources in the order of priority indicated:
(a) moneys drawn by the Trustee under the Letter of Credit; and
(b) any other moneys furnished to the Trustee and available for such purpose. Notwithstanding the foregoing, amounts deposited into the General Account of the Bond Fund in accordance with SECTION 6.02(a) OR (b) hereof shall be paid by the Trustee to the Bank in order to reimburse the Bank to the extent of a corresponding drawing upon the Letter of Credit to pay the redemption price of any Bond called for redemption pursuant to SECTION 3.01 hereof.
Use of Moneys in the Bond Fund. Except as provided in Sections 509 and 1002 hereof, moneys in the Bond Fund shall be used solely for the payment of the principal of, premium, if any, and interest on the Bonds and for the redemption of the Bonds at or prior to maturity pursuant to Article III hereof.
Use of Moneys in the Bond Fund. Except as provided in Sections 5.05, 5.09 and 6.11 hereof, moneys in the Bond Fund shall be used solely for the payment of the principal of, premium, if any, and interest on the Bonds, for the redemption of the Bonds prior to maturity and for payment of the Acceleration Price as defined in Section 8.02 hereof. Subject to the provisions of Section 6.12(c) hereof, funds for the payment of redemption price and principal of and premium, if any, and interest on the Bonds shall be derived from the following sources in the order of priority indicated:
(i) moneys drawn by the Trustee under the Letters of Credit;
(ii) amounts deposited into the Bond Fund which constitute Available Moneys (other than moneys drawn by the Trustee under the Letters of Credit); and
(iii) any other moneys furnished to the Trustee and available for such purpose.
Use of Moneys in the Bond Fund. Except as provided in Section 5.08 hereof, moneys in the Bond Fund shall be used solely for the payment of the principal of and redemption premium, if any, and interest on the Bonds.
Use of Moneys in the Bond Fund. (a) Except as provided in Sections 707, 802 and 1202, moneys in the Bond Fund shall be used solely for the payment of the principal of, redemption premium (if any) and interest on, the Bonds. At the direction of the Company, any moneys in the Bond Fund may be used to redeem (as herein otherwise permitted) a portion of the Bonds so long as the Company is not in default with respect to any payments due under the Agreement and to the extent that such moneys are in excess of the amount required for the payment of Bonds theretofore matured or called for redemption and the payment of interest then due in all cases where such Bonds have not been presented for payment. No part of the payments required to be paid into the Bond Fund under the Agreement shall be used to redeem, prior to maturity, a portion of the Bonds; provided, that whenever after the Conversion Date the moneys held in the Bond Fund (in the general account and the special account) from any source whatsoever are sufficient to redeem all of the Bonds and to pay interest to accrue thereon prior to such redemption, the Issuer agrees to take and cause to be taken the necessary steps to redeem all of the Bonds on the next succeeding redemption date for which the required redemption notice can be given, and, provided, further, that any moneys in the Bond Fund may be used after the Conversion Date to redeem a portion of the Bonds so long as the Company has made all required payments under the Agreement.
(b) At the maturity date or redemption date prior to maturity of each Bond and at the due date of each installment of interest on each Bond the Trustee shall transfer from the general account in the Bond Fund to the special account in the Bond Fund sufficient moneys to pay all principal of, the redemption premium (if any) and the interest then due and payable with respect to, each such Bond. Moneys so transferred into said special account shall not thereafter be invested in any manner but shall be held by the Trustee without liability on the part of the Trustee or the Issuer for interest thereon until actually paid out for the purposes intended. The Issuer hereby authorizes and directs the Trustee to withdraw, from time to time, sufficient moneys from the special account in the Bond Fund to pay the principal of, the redemption premium (if any) and the interest on, the Bonds as the same become due and payable, which authorization and direction the Trustee hereby accepts. Funds for such payments of the princi...
Use of Moneys in the Bond Fund. Except as provided in Section 5.06, 5.10 and 6.11 hereof, moneys in the Bond Fund shall be used solely for the payment of the principal of, premium, if any, and interest on the Bonds, for the redemption of the Bonds prior to maturity and for payment of the Acceleration Price as defined in Section 8.02 hereof. Subject to the provisions of Section 6.12(b) hereof, funds for such payments of redemption price and principal of and premium, if any, and interest on the Bonds shall be derived from the following sources in the order of priority indicated:
(i) moneys drawn by the Trustee under the Letter of Credit (and in connection with all such draws the Trustee shall prepare and present to the Bank the appropriate certificates required under the Letter of Credit by 12:00 noon, New York City time, on the Business Day immediately preceding the payment date),
(ii) amounts deposited into the Bond Fund which constitute Available Moneys (other than moneys drawn by the Trustee under the Letter of Credit), and
(iii) any other moneys furnished to the Trustee and available for such purpose.
Use of Moneys in the Bond Fund. Except as provided in Section 6.11 hereof, moneys in the Bond Fund shall be used solely for the payment of the principal of, premium, if any, and interest on the Bonds, for the redemption of the Bonds prior to maturity and for payment of the Acceleration Price as defined in Section 8.02 hereof. Subject to the provisions of Section 6.12(b) hereof, funds for such payments of the redemption price and principal of and premium, if any, and interest on the Bonds shall be derived from the following sources in the order of priority indicated:
(i) amounts deposited into the Bond Fund which constitute Available Moneys (and in connection with moneys drawn by the Trustee under the Letter of Credit, the Trustee shall prepare and present to the Bank the appropriate certificates required under the Letter of Credit by 12:00 noon, New York City time, on the Business Day immediately preceding the payment date); and
(ii) any other moneys furnished to the Trustee and available for such purpose.
