Examples of Optional Redemption Account in a sentence
Within the Redemption Fund, an Optional Redemption Account, a Sinking Fund Redemption Account, and a Mandatory Redemption Account were created.
Within the Redemption Fund, an Optional Redemption Account, Sinking Fund, Redemption Account, and Mandatory Redemption Account were created.
There is hereby established as a separate fund to be held by the Fiscal Agent, the “Redemption Fund” (in which there shall be established and created an Optional Redemption Account and a Special Mandatory Redemption Account), to the credit of which the District or the City on behalf of the District, shall deposit, immediately upon receipt, all Redemption Revenues received by the District or the City on behalf of the District.
The City may at any time deposit moneys into the Optional Redemption Account for the purposes of redeeming Bonds in accordance with the terms of Section 4.01(a).
To the Optional Redemption Account of the Redemption Fund, the amount, if any, that the Community Facilities District directs the Fiscal Agent to deposit pursuant to an optional redemption of the Bonds under the Fiscal Agent Agreement.
The Trustee shall accept all moneys deposited for redemption and shall deposit such moneys into the Optional Redemption Account or the Special Redemption Account, as applicable.
The Trustee shall establish and maintain within the Redemption Fund (which the Trustee shall establish, maintain and hold in trust) a separate Optional Redemption Account and a separate Special Redemption Account.
Optional Redemption Account – funds to be used to subject bonds maturing on or after April 1, 2018 for redemption prior to their respective maturity dates, as a whole or in part, on any date on or after April 1, 2017.
The Trustee shall establish and maintain within the Redemption Fund (which the Trustee shall establish when needed, maintain and hold in trust) a separate Optional Redemption Account.
The Authority shall deposit all other proceeds derived from the sale of the Series 2021A Bonds which are not deposited in the Reserve Fund or Cost of Issuance Fund in the Optional Redemption Account of the Redemption Fund, which is hereby created, to be applied to the redemption of the Series 2011A Bonds.