Debt Service Fund definition

Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.
Debt Service Fund means the Debt Service Fund of the District, which shall be the “special redemption fund” as such term is defined in the Act;
Debt Service Fund means the fund by that name referred to in Section 501 hereof.

Examples of Debt Service Fund in a sentence

  • The payments provided for in Section 3.1 hereof shall be made by any reasonable method providing immediately available funds at the time and place of payment directly to the Bond Trustee for the account of the Issuer and shall be deposited in the Debt Service Fund or the Debt Service Reserve Fund, as appropriate.

  • The Trustee shall establish separate accounts within the Debt Service Fund in connection with the issuance of Additional Bonds.

  • The Borrower agrees that any transfer from the Debt Service Reserve Fund to the Debt Service Fund pursuant to this paragraph shall not be construed as preventing, waiving or curing any nonpayment of any payments required under Section 3.1(c) of the Loan Agreement until the amount of such deficiency has been restored.

  • Such call for redemption shall be made even though at the time of publication of the notice of such redemption sufficient moneys therefor shall not have been deposited in the Debt Service Fund.

  • Subject to applicable escheat laws, funds remaining with the Trustee as described above and unclaimed for two years shall be deposited in the Redemption Account of the Debt Service Fund or, in the event there are no longer any Bonds Outstanding, shall be paid to or upon the direction of the Borrower.


More Definitions of Debt Service Fund

Debt Service Fund means the fund so designated and established by Article V hereof.
Debt Service Fund means the fund by that name established pursuant to the Second Resolution.
Debt Service Fund means the fund by that name established and held by the Trustee pursuant to Section 4.03.
Debt Service Fund means the fund so designated, created and established pursuant to Section 5.02 hereof.
Debt Service Fund means the fund by that name created in Section 4.1 of this Ordinance.
Debt Service Fund means the fund created by the Issuer pursuant to Section
Debt Service Fund means the account established and held by the County Treasurer under Section 4.02.