Examples of Note Proceeds Fund in a sentence
The Trustee shall establish a separate fund to be named the Other Note Proceeds Fund.
Based on preliminary background research, knowledge of the region, the general slope of the area, and the fact the project area has been significantly modified from its natural and historical form, PaleoWest does not anticipate any archaeological resources or TCRs are within the project area.
There is hereby created in connection with the Last Out Notes, a Last Out Note Proceeds Fund.
All investment earnings (net of losses) shall be credited to the Note Proceeds Fund.
Except for the amount retained by the Placement Agent constituting the Placement Agent’s fee, all proceeds of the sale of the Notes shall be deposited into the Note Proceeds Fund on the Delivery Date and disbursed as provided in Section 3.11(b) hereof.
Note Proceeds Fund – This fund accounts for the interest earned on the general obligation bond proceeds and reimburses the Building Fund as funds are spent on Capital Projects.
The proceeds received by the Trustee from the sale of the Notes of the first Drawing shall be deposited in the Note Proceeds Fund.
Except as set forth in the first sentence of this Section 3.05 with respect to the initial 2024-A Notes Delivery Date and subject to Section 3.06 below, the Series 2024-A Note Proceeds shall be deposited into the Note Proceeds Fund and then disbursed by the Trustee to the Issuer (each a “2024-A Disbursement”).
Any moneys remaining in the Note Proceeds Fund after the Notes and the interest thereon have been fully paid, or provision for such payment has been made, including any investment earnings earned prior to June 30, 2022 but not credited to the Note Proceeds Fund until the final maturity date of the Notes shall be released and transferred to the City for deposit into the General Fund.
In addition, the restricted assets include cash and cash equivalents totaling$1,273,447 of the 3 Mill Note Proceeds Fund resulting from the unspent proceeds of long-term debt.