Lease Payment Fund definition

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to the Trust Agreement.

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to Section 5.02.

Lease Payment Fund means the fund by that name established and held pursuant to Article V of the Trust Agreement.

Examples of Lease Payment Fund in a sentence

• Lease Payment Fund - Funds designated to pay amounts due from the Authority to KYTC under the Lease Agreement.

• Moneys for the prepayment (including the interest to the applicable date of prepayment) of Certificates having been set aside in the Lease Payment Fund, the Certificates shall become due and payable on the date of such prepayment, and, upon presentation and surrender thereof at the Office of the Trustee, said Certificates shall be paid at the unpaid principal amount (or applicable portion thereof) represented thereby plus interest accrued and unpaid to said date of prepayment.

• So long as any Certificates are Outstanding, neither the Lessee nor the Lessor shall have any beneficial right or interest in the Lease Payment Fund or the moneys deposited therein, except only as provided in this Trust Agreement, and such moneys shall be used and applied by the Trustee as hereinafter set forth.

• Such Prepayments shall be deposited in the Lease Payment Fund and applied to the payment or prepayment of Certificates as provided in Articles II and IV of the Trust Agreement or, if the Certificates are not subject to prepayment at the time of such deposit, shall be applied as provided in Section 14.1 of the Trust Agreement to provide for the payment of Certificates as directed by the Lessee.

• Any balance of the Net Proceeds remaining in the Insurance and Condemnation Fund because (A) the Leased Property was damaged or destroyed in full and the Net Proceeds, together with other available moneys, were insufficient to cause the prepayment of all Outstanding Certificates, or (B) after all work to replace, repair, restore, modify or improve the Leased Property has been completed, shall be deposited in the Lease Payment Fund and applied toward subsequent Lease Payments.

More Definitions of Lease Payment Fund

Lease Payment Fund means the fund so designated which is established pursuant to the Trust Agreement.

Lease Payment Fund means the Lease Payment Fund so designated and established and created by Section 502 hereof.

Lease Payment Fund means the payment fund created under Article IV. “Lease Payment Reserve Fund” means the reserve fund created under Article IV. “Lease Payment Reserve Requirement” means the amount, if any, required to be

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to Article VI hereof.

Lease Payment Fund shall have the meaning given in the Deposit Trust Agreement. “Lease Term” means the Initial Term and up to four Renewal Terms, but ending on the occurrence of the earliest event specified in Section 4, and not in excess of the Maximum Lease Term.

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to Section 5.1(d).

Lease Payment Fund means the fund so designated which is established pursuant to Section 5.3 hereof.