Examples of Bond Purchase Account in a sentence
Money in such Bond Purchase Account, if any, shall be used as provided in the Series Determinations related to such Series Bonds.
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Upon request of the Borrower or the Credit Facility Provider from time to time, the Remarketing Agent shall advise the requesting party of the status of the remarketing effort and the Trustee shall advise the requesting party of the balance held by it in the Bond Purchase Account.
The 2020 Series F-2 Bonds may also be in more than one Mode at any time after their original issuance; provided, however, that the Trustee shall maintain separate subaccounts in the Remarketing Proceeds Account and the Standby Bond Purchase Account of the Bond Purchase Fund for 2020 Series F-2 Bonds held in different Modes.
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Untendered Bonds shall cease to bear interest on the Tender Date if funds sufficient to pay the purchase price or redemption price, as the case may be, of an Untendered Bond (including any accrued and unpaid interest) shall be held by the Trustee in the Bond Purchase Account.
Funds in the Bond Purchase Account shall be held in trust for the account of the respective owners of such funds at the time of the deposit thereof into the Bond Purchase Account until such funds are applied by the Trustee on the Tender Date to pay the purchase price of Tendered Bonds or Beneficial Ownership Interests.
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On any Tender Date, the Borrower shall have the right to elect to purchase Bonds tendered on a Tender Date by paying to the Trustee for deposit in the Bond Purchase Account Eligible Funds (or funds which will be Eligible Funds on the Tender Date in question) to be used and applied to the purchase of Bonds on a Tender Date in accordance with Section 404 of the Indenture.
The 2022 Series D-2 Bonds may also be in more than one Mode at any time after their original issuance; provided, however, that the Trustee shall maintain separate subaccounts in the Remarketing Proceeds Account and the Standby Bond Purchase Account of the Bond Purchase Fund for 2022 Series D-2 Bonds held in different Modes.