Available Money definition

Available Money means all amounts as to which the Trustee and the Credit Facility Providers have received an Opinion of Counsel stating that no disbursement thereof pursuant to this Bond Indenture may be avoided or otherwise recovered under Section 547 (or under Section 550 in respect of such Section) of the Bankruptcy Code or under any similar provision of applicable state law in the event of the bankruptcy, insolvency, liquidation, reorganization, or similar proceeding in respect of the Issuer or the Borrower.

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Available Money has the meaning stated in Section 1.01 of the Bond Indenture.

Available Money means funds which have cleared on your account, less any loan, budget or other payments which are due to someone (including us).

Examples of Available Money in a sentence

• No further interest shall accrue on the principal of any Bond called for redemption (or the applicable portion of a Bond called for redemption in part) after the redemption date if Available Money (as defined in the Indenture) sufficient for such redemption has been deposited with the Trustee.

• Notwithstanding the foregoing, no such optional redemption shall occur after the Conversion Date unless there shall be available in the Bond Fund sufficient Available Money to pay all amounts due with respect to such a redemption.

• Notwithstanding any provision to the contrary contained in this Indenture, the payment of the principal of, interest on and redemption premium, if any, with respect to the Bonds payable upon redemption thereof shall be made only from Available Money from the sources and in the order provided in Section 6.03 of this Indenture.

• Such notice shall contain such matters specified in the Bonds for the redemption thereof and shall state that such redemption is conditional upon the receipt of Available Money by the Trustee for such purpose on or prior to the redemption date.

• Upon the giving of notice of redemption as required by Section 4.03 and the deposit of Available Money with the Trustee, in an amount sufficient to redeem all Bonds so called for redemption, on or prior to the date fixed for redemption, as provided in this Article, interest on the Bonds or portions thereof so called for redemption shall no longer accrue after the date fixed for redemption.

More Definitions of Available Money

Available Money. , in relation to a person, means money held by, or on behalf of, the person, but does not include deposit money or money to which section 50B applies;

Available Money means (i) money derived from drawings under the Letter of Credit, (ii) money held by the Trustee in funds and accounts established under this Indenture for a period of at least one hundred twenty-four (124) days and not commingled with any money so held for less than said one hundred twenty-four (124) day period and during and prior to which period, no petition in bankruptcy was filed by or against the Company or the Authority under the Bankruptcy Code or any applicable state bankruptcy or insolvency law, unless such petition was dismissed and all applicable appeal periods have expired without an appeal having been filed, (iii) investment income derived from the investment of money described in clauses (i) or (ii) above, or (iv) any other money, if the Trustee and the Letter of Credit Bank have received an opinion of nationally recognized counsel acceptable to ▇▇▇▇▇’▇ experienced in bankruptcy matters to the effect that payment of the principal or purchase price of or interest on the Bonds with such money would not, in the event of bankruptcy of the Company, the Authority, any affiliate of the Company or other payor, constitute a voidable preference under the Bankruptcy Code or any applicable state bankruptcy or insolvency law.

Available Money means funds which have cleared on your account, less any loan or other payments which are due to someone (including us).

Available Money. , in relation to a person, means money that:

Available Money means, as of any date of determination, any of the following, as applicable:

Available Money means funds which have cleared on your account, less any loan, budget or other payments which are due to someone (including us). • Member security details means your password and personal information registered with us. Information includes any information about you or anyone associated with you, which we hold now or in the future as a result of the application process or other dealings with us, searches or checks at credit reference or fraud prevention agencies, products and services you hold within the Credit Union and any transactions for goods or services arising out of your account (including the supplier and the type of goods and services), and such information may include sensitive information as defined in the UK General Data Protection Regulation and the Data Protection Act 2018 • Transaction means any payment for goods or services by cash or any other means and deposits made by any means. • We, us or our, Credit Union means Leeds City Credit Union Limited (trading as Leeds Credit Union) and any person to which the rights and/or duties of Leeds City Credit Union Limited are transferred.

Available Money or "Available Monies" shall mean, with respect to a Series of Bonds (a) during the term of a Support Facility (i) monies drawn under the Support Facility, Bond proceeds, or monies deposited directly by the Authority with the Trustee which have been on deposit with the Trustee for at least one hundred twenty-three (123) days during and prior to which no Act of Bankruptcy shall have occurred, or (ii) the proceeds of the sale of refunding obligations, if, in the opinion of nationally recognized counsel experienced in bankruptcy matters and acceptable to the Trustee, the application of such monies will not constitute a voidable preference in the event of the occurrence of an Act of Bankruptcy, or (c) the proceeds from investment of monies under clause (i) or (ii) above, and (b) at any time not occurring during the term of a Support Facility, any monies held by the Trustee and the proceeds from the investment thereof.