Examples of Letter of Credit Debt Service Account in a sentence
All moneys (and only those moneys) received by the Trustee from drawings under the Letter of Credit to pay principal of, premium, if any, on and interest on the Bonds shall be deposited in the Letter of Credit Debt Service Account and applied to such purpose.
Giving employees’ access to participate in the process of designing the employee retention strategy and other decision making process creates belongingness and employee feel that they are part of the organization and their contribution is valued by the management.
The moneys on deposit in the Bond Purchase Fund or in the Letter of Credit Debt Service Account shall not be invested.
Liquidated Damages shall be payable by supplier equivalent to 0.5% of value of allocated pumpsets not commissioned corresponding to each week subject to maximum of 4 weeks of delay.
Moneys in the Bond Fund (except moneys in the Letter of Credit Debt Service Account and except any moneys held to pay principal of, or premium, if any, or interest on, any Bonds which are deemed paid under Section 10.02) and the Project Fund shall be invested and reinvested by the Trustee in Eligible Investments at the written direction of an Authorized Representative of the Borrower, subject to the requirements of Section 5.12(n) of the Financing Agreement.
At the written direction of the Authorized Company Representative, the Trustee shall invest moneys held in the Bond Fund, except moneys held in the Letter of Credit Debt Service Account, in noncallable Governmental Obligations maturing not later than 30 days after such investment but in any case on or before the date or dates when the payments in respect of principal of or interest on the Bonds for which such moneys are held are to become due.
Moneys in the Bond Fund (except moneys in the Letter of Credit Debt Service Account and except any moneys representing principal of, or premium, if any, or interest on, any Bonds which are deemed paid under Section 10.02) and the Project Fund shall be invested and reinvested by the Trustee in Eligible Investments at the written direction of an Authorized Representative of the Borrower.
Bonds in the Weekly Mode or the Term Mode shall be redeemable only if moneys are on deposit in the Letter of Credit Debt Service Account for reimbursement to the Bank of the redemption price.
There is hereby established ---------------------------------- with the Trustee a trust fund designated as the "Bond Fund", within which there shall be established a General Account and a Letter of Credit Debt Service Account.
There is hereby created by the Corporation and ordered established with the Trustee the following funds and accounts to be held by the Trustee: (a) the Bond Fund and therein the General Account and the Letter of Credit Debt Service Account, (b) the Construction Fund, (c) the Cost of Issuance Fund, (d) the Prepayment Fund, (e) the Receipts Fund, and (f) the Rebate Fund.