Defeasance Escrow Fund definition

Defeasance Escrow Fund means any trust account into which money and/or Defeasance Securities are deposited for the purpose of defeasing any Senior Bonds in accordance with Section
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Defeasance Escrow Fund means any trust account into which money and/or Defeasance Securities are deposited for the purpose of defeasing any Bonds in accordance with Section 8.02 of the Master Indenture.
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Defeasance Escrow Fund means the Defeasance Escrow Fund for Refunded Bonds referred to in the Indenture.
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Examples of Defeasance Escrow Fund in a sentence

  • Bonds for which a Defeasance Escrow Fund has been established pursuant to Article VIII hereof shall be payable from and secured only by the Defeasance Escrow Fund and shall no longer be Outstanding under this Master Indenture.

  • Any Bonds that are defeased as provided in this Section shall no longer be secured by or entitled to any right, title or interest in or to the Trust Estate, and the Debt Service on and Redemption Price thereof shall be paid solely from the Defeasance Securities and money held in the Defeasance Escrow Fund.

  • The Escrow Agent hereby creates on its books a special trust and irrevocable escrow fund to be known as City of Arlington, Texas, Cowboys Complex Bond Defeasance Escrow Fund No.1 (the “Escrow Fund”) for the purpose of paying the principal of and interest on the Defeased Bonds, as described in Exhibit A, in order to make firm banking arrangements therefor.

  • The Series 2021A Debt Service Fund and the Series 2021B Debt Service Fund and any other Fund or Account created hereunder (excluding any Defeasance Escrow Fund), shall be held by the Trustee, for the benefit of the Owners of the Series 2021A Bonds and the Series 2021B Bonds, respectively, as specified in this First Supplemental Indenture.

  • There may be deposited into the Series 2021B Redemption Account: (i) any moneys paid to the Trustee pursuant to Sections 3.01 or 3.03 hereof; (ii) amounts transferred from a Defeasance Escrow Fund, and (iii) all other moneys received by the Trustee that are accompanied by directions that such moneys are to be deposited into such Account.

  • Any Defeasance Escrow Fund shall be held solely for the benefit of the Owners of the Series 2021A Bonds and/or the Series 2021B Bonds to be paid therefrom as provided in the agreement governing such Defeasance Escrow Fund.

  • The Trustee shall hold all Defeasance Escrow Fund Investments, whether purchased or transferred, in the 2020-1 Defeasance Escrow Fund and shall apply the Defeasance Escrow Fund Investments and the proceeds thereof only for the purposes and in the manner provided in this Agreement.

  • On the date of execution and delivery of this Agreement, the Trustee shall apply so much of the sums deposited in the 2020-2 Defeasance Escrow Fund pursuant to Section 2 hereof as shall be necessary to purchase the Defeasance Obligations (as defined in the Bond Resolution) identified in Exhibit B hereto, with a cash balance of $7.17 (such Defeasance Obligations and cash collectively referred to as the “Defeasance Escrow Fund Investments”).

  • On the date of execution and delivery of this Agreement, the Trustee shall apply so much of the sums deposited in the 2020-1 Defeasance Escrow Fund pursuant to Section 2 hereof as shall be necessary to purchase the Defeasance Obligations (as defined in the Bond Resolution) identified in Exhibit B hereto, with a cash balance of $3.79 (such Defeasance Obligations and cash collectively referred to as the “Defeasance Escrow Fund Investments”).

  • The Trustee shall hold all Defeasance Escrow Fund Investments, whether purchased or transferred, in the 2020-2 Defeasance Escrow Fund and shall apply the Defeasance Escrow Fund Investments and the proceeds thereof only for the purposes and in the manner provided in this Agreement.

Related to Defeasance Escrow Fund

  • Defeasance Deposit means an amount equal to 100% of the remaining principal amount of this Note, the Yield Maintenance Premium, any costs and expenses incurred or to be incurred in the purchase of the U.S. Obligations necessary to meet the Scheduled Defeasance Payments and any revenue, documentary stamp or intangible taxes or any other tax or charge due in connection with the transfer of this Note or otherwise required to accomplish the agreements of this subsection;

  • Defeasance Event shall have the meaning set forth in Section 2.5.1(a).

  • Defeasance Collateral means: (i) a ▇▇▇▇▇▇▇ Mac Debt Security, (ii) a ▇▇▇▇▇▇ Mae Debt Security, (iii) U.S. Treasury Obligations, or (iv) FHLB Obligations.

  • Defeasance Date shall have the meaning set forth in Section 2.4.1(a)(i) hereof.

  • Defeasance Agent means another financial institution which is eligible to act as Trustee hereunder and which assumes all of the obligations of the Trustee necessary to enable the Trustee to act hereunder. In the event such a Defeasance Agent is appointed pursuant to this Section, the following conditions shall apply: