Credit Facility Fund definition

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 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.

Examples of Credit Facility Fund in a sentence

• 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).

• 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.

• The Trustee may commingle any of the funds or accounts established pursuant to this Bond Indenture (other than the Credit Facility Fund, the Rebate Fund and the Purchase Fund) into a separate fund or funds for investment purposes only, provided that all funds or accounts held by the Trustee hereunder shall be accounted for separately as required by this Bond Indenture.

• 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+”.

• The Trustee shall deposit to the credit of the applicable account of the Credit Facility Fund immediately upon receipt all amounts drawn or claimed by the Trustee under a Credit Facility (other than a Credit Facility in the form of financial guaranty or municipal bond insurance) pursuant to Section 5.07.

More Definitions of Credit Facility Fund

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

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 established pursuant to Section 308.

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 fund by that name established pursuant to Section 603(c).

Credit Facility Fund means the fund by that name established pursuant to Section 609(c).

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