Credit Facility Fund definition

Credit Facility Fund means the fund by that name established pursuant to Section 5.09 hereof and held by the Trustee.

Credit Facility Fund means the trust fund by that name created pursuant to Section 6.01(b) hereof.

Credit Facility Fund means the fund of the Trustee by that name established pursuant to Section 5.10.

Examples of Credit Facility Fund in a sentence

• All moneys in any of the funds and accounts established pursuant to this Bond Indenture shall be invested by the Trustee (other than amounts deposited in the Purchase Fund and Credit Facility Fund, which proceeds shall remain uninvested), upon the written direction of the Borrower given at least two days prior to the investment date, solely in Investment Securities.

• The money deposited to any account or subaccount of the Credit Facility Fund, together with all investments thereof and investment income therefrom, shall be held in trust separate and apart from all other funds held hereunder and applied solely as provided in this Section and Section 5.07A(2).

• Any banking account (other than an Investment Security) to which money credited to the Interest Fund, the Principal Fund, the Redemption Fund, the Credit Facility Fund, or the Purchase Fund is credited shall be maintained (1) in the name of the Trustee and (2) with a federal or state-chartered depository institution or trust company that has an S&P short-term debt rating of at least “A-2” or, if no short-term debt rating, a long-term debt rating of “BBB+”.

• All funds drawn or claimed under any Credit Facility (other than a Credit Facility in the form of a policy of financial guaranty or municipal bond insurance) by the Trustee shall be credited to the applicable account of the Credit Facility Fund and applied in accordance with Section5.10.

• Under no circumstances shall the Trustee either (i) draw on the Credit Facility or use moneys in the Credit Facility Fund for purposes of making any payment with respect to Pledged Bonds, or (ii) apply moneys on deposit in the Bond Fund for transfer to DTC in payment of any Pledged Bond.

More Definitions of Credit Facility Fund

Credit Facility Fund means the fund by that name created in Section 30-

Credit Facility Fund means the fund established pursuant to Section 308.

Credit Facility Fund means any fund by that name established and held by an Issuing and Paying Agent pursuant to an Issuing and Paying Agent Agreement entered into by the Authority in connection with a Series of Notes.

Credit Facility Fund means the fund of the Trustee by that name established pursuant to Section 5.10 .

Credit Facility Fund means the fund by that name established pursuant to Section 603(c).

Credit Facility Fund means the fund by that name established pursuant to Section 8(a)(3) of this Appendix A.

Credit Facility Fund means the special fund established with the Trustee pursuant to Section 4.03 of this Indenture.