Examples of Certificate Fund in a sentence
A special fund is hereby created and established with the Trustee to be designated the School District No. 1, in the City and County of Denver and State of Colorado Series 2013C Certificates of Participation Certificate Fund (the “Certificate Fund”), which shall be used to pay the principal of, premium, if any, and interest on the Certificates.
If a withdrawal from the Rebate Fund is permitted as a result of the computation described in the Investment Instructions, the specified amount shall be withdrawn from the Rebate Fund and deposited in the Certificate Fund at the written direction of the District.
Funds so held but unclaimed by the Certificate Owners shall be transferred to the Principal Account of the Certificate Fund and shall be applied to the payment of the principal of the Certificates after the expiration of four years or, if the Certificates are not Outstanding after the expiration of such four-year period, shall be delivered to the District.
Within the Certificate Fund there are hereby created and established an Interest Account and a Principal Account which shall be used as set forth in subsection (d) of this Section.
The Certificate Fund, the Construction Fund and, except for the Rebate Fund and any escrow account established pursuant to Section 9.01 hereof, any other fund or account created hereunder shall be held by the Trustee, for the benefit of the Certificate Owners as specified in this Indenture, subject to the terms of this Indenture and the Lease.