Bond Fund definition
Examples of Bond Fund in a sentence
If the amount held by the Trustee in the Bond Fund should be sufficient to pay at the times required the principal of and premium, if any, and interest on all Outstanding Notes and Bonds then remaining unpaid, LFUCG shall not be obligated to make any further payments of Financing Payments under the provisions of this Section.
The Lessor agrees that such rental payments shall be paid by the Lessee directly to the Trustee for deposit in the Bond Fund.
Subject to the provisions of the next succeeding sentence, if at any time the amount held by Trustee in the Bond Fund should be sufficient (and remain sufficient) to pay at the times required the principal of and interest on the Bonds then remaining unpaid, the Company shall not be obligated to make any further payments under the provisions of this Section.
Notwithstanding the provisions of the preceding sentence, if on any date Excess Bond Fund Moneys held by Trustee in the Bond Fund are insufficient to make the then required payments of principal (whether at maturity, upon redemption or otherwise) of and interest on the Bonds on such date, the Company shall forthwith pay such deficiency as a payment hereunder.
The Lessee shall deposit in the Bond Fund any amounts received by it from the sale of such removed property that are not used by it to purchase replacement property that is installed as part of the Project.