Examples of General Trust Indenture in a sentence
The loan is payable by the Authority from the pledged receipts and shall be due in amounts available to make such payments in accordance with Section 504 of the General Trust Indenture.
In the event that toll revenues are insufficient to make the operations and maintenance deposits required in the General Trust Indenture, the Authority entered into a lease agreement (the Lease) with KYTC, whereby KYTC is obligated to pay rent, as defined in the Lease, to satisfy the required operation and maintenance deposits.
The debt is secured by the Trust Estate, as defined by the General Trust Indenture, which primarily consists of all pledged receipts (the Authority’s 50% share of toll revenues and certain investment earnings), and all moneys and securities on deposit in the funds and accounts established by the General Trust Indenture.
After such schedule or amended schedule has been furnished to the Trustee, the Trustee will invest and reinvest the moneys in each Participant Disbursement Account as provided in Section 511 of the General Trust Indenture.
The Program Administrator will hold Closings with respect to Financing Agreements; and the Program Administrator will approve disbursements from Participant Disbursement Accounts if, and only if, the applicable conditions to such disbursements set forth in the Financing Agreements and the General Trust Indenture have been fulfilled.
Bonds deemed to have been paid as provided in Section 1201 of the General Trust Indenture.
Such other Funds and Accounts as are created by a Series Trust Indenture not inconsistent with the requirements of the General Trust Indenture.Each of the above Funds and Accounts, in addition to other Accounts from time to time established, will be held and maintained by the Trustee pursuant to the provisions of the General Trust Indenture and any Series Trust Indenture.
Such resignation will take effect on the day specified in such written notice, unless a successor Program Administrator has been appointed, in which event such resignation will take effect immediately upon the appoint of such successor Program Administrator; provided, however, that no resignation will take effect until a successor Program Administrator has accepted its duties and obligations as provided in Section 708(4) of the General Trust Indenture.
Upon receipt by the Program Administrator of a certificate of the Trustee certifying that the Trust Estate has ceased, terminated and become void in accordance with Section 1201 of the General Trust Indenture, the Program Administrator may, in its discretion, forgive the remaining Financing Payments not yet due under all of the Financing Agreements and take the actions described in the next preceding sentence in order to release all of the Financing Agreements.
The County issued combined system enterprise revenue bonds for water and wastewater system improvements pursuant to a General Trust Indenture dated May 1, 2004, as amended effective August 20, 2013, and a series indenture, Number 3, dated January 1, 2008 between the County and First-Citizens Bank & Trust Company, as trustee.