Certificate Payment Fund definition

Certificate Payment Fund means the fund created with Paying Agent into which the Corporation shall pay not less than three (3) days prior to any principal and interest paying date an amount sufficient to make all principal and interest payments.

Certificate Payment Fund means the Series 2020 Subaccount of the Certificate Payment Fund established under the Indenture.

Certificate Payment Fund means the fund by that name created under

Examples of Certificate Payment Fund in a sentence

• In addition, the District expects that the Certificate Payment Fund will qualify as a Bona Fide Debt Service Fund and the City does not expect to establish any other sinking fund or replacement fund for the Certificates.

• Any interest, profit or other income on such investments shall be deposited by the Trustee in the Certificate Payment Fund.

• To the extent that the Certificate Payment Fund qualifies as a Bona Fide Debt Service Fund, money in such account may be invested without Yield restriction for 13 months after the date of deposit.

• Except for the Certificate Payment Fund, there are no other funds pledged or committed in a manner that provides a reasonable assurance that such funds would be available for payment of the Principal Components of or Interest Components on the City Lease Agreement and the Certificates if the City encounters financial difficulty.

• Based on these representations and certifications, Special Counsel has advised the City that no rebate computations are required with respect to the Certificates, so long as the sale and Investment proceeds are spent as described in this paragraph, the Certificate Payment Fund qualifies as a Bona Fide Debt Service Fund, and no other sinking fund or replacement fund is established for the Certificates.

• This pledge shall constitute a first and exclusive lien on the Certificate Payment Fund, the Interest Fund, the Principal Fund and the Prepayment Fund for the benefit of the Owners of the Certificates in accordance with the terms hereof and of the Installment Purchase Agreement.

• The Trustee shall transfer from the Certificate Payment Fund the following amounts at the times and in the manner hereinafter provided, and shall deposit such amounts in one or more of the following respective funds, each of which the Trustee shall establish and maintain and hold in trust separate and apart from other funds held by it, and each of which shall be disbursed and applied only as hereinafter authorized.

• Except for the Certificate Payment Fund, no sinking fund or other similar fund that is expected to be used to pay Principal Components or Interest Components relating to the Certificates has been established or is expected to be established.

• All moneys at any time deposited in the Certificate Payment Fund shall be held by the Trustee in trust for the benefit of the Owners from time to time of the Certificates, but shall nevertheless be disbursed, allocated and applied solely for the uses and purposes herein set forth.

• These payments will be deposited into the Certificate Payment Fund.

More Definitions of Certificate Payment Fund

Certificate Payment Fund means the Certificate Payment Fund established pursuant to Section 4.01.

Certificate Payment Fund means the fund created by Section 4.2 hereof. “Certificateholder,” “holder” or “owner” shall mean a Person in whose name a Certificate is registered in the Register.

Certificate Payment Fund means the Certificate Payment Fund established and ratified pursuant to Section 4.01 herein.

Certificate Payment Fund means the Series 2017 Subaccount of the Certificate Payment Fund established under the Indenture.

Certificate Payment Fund means the fund by that name established and held by the Trustee pursuant to the terms of Section 5.2 hereof. Certificates. The term “Certificates” means the Napa Sanitation District Revenue Certificates of Participation, Series 2021A executed and delivered by the Trustee pursuant to this Agreement.