Principal and Interest Fund definition

Principal and Interest Fund means the fund by that name established in Section 5.03.
Principal and Interest Fund means the fund by that name created in the Indenture.
Principal and Interest Fund means the fund established pursuant to Section 13 of this Bond Resolution.

Examples of Principal and Interest Fund in a sentence

  • There shall be established for the bonds a Principal and Interest Fund which shall be kept in a separate bank account, provided, however, that such Principal and Interest Fund may be pooled or combined for deposit or investment purposes with other debt retirement funds created for nonvoted debt of the County (other than any special assessment debt).

  • The Bond Fund is comprised of two separate fund accounts including the Bond Principal and Interest Fund.

  • There shall be established for the Bonds a Principal and Interest Fund which shall be kept in a separate bank account.

  • All payments received from the City pursuant to the Contract are pledged for payment of the principal of and interest on the bonds and expenses incidental thereto and as received shall be placed in the Principal and Interest Fund.

  • From the proceeds of the sale of the bonds there shall be set aside in the Principal and Interest Fund any premium and accrued interest received from the purchaser of the bonds at the time of delivery of the same.


More Definitions of Principal and Interest Fund

Principal and Interest Fund means the Fund by that name established pursuant to the Resolution.
Principal and Interest Fund means the Principal and Interest Fund established in Section 5.02 of the Indenture.
Principal and Interest Fund means the fund by that name created in Section 401 hereof.
Principal and Interest Fund means the fund by that name established and maintained with respect to Bonds Similarly Secured.
Principal and Interest Fund means the fund by that name established in Section 5.02. Principal Installment
Principal and Interest Fund means the special account within the Water and Wastewater Utility Fund, created pursuant to the Series 2001 Bond Ordinance and referred to in Section 704 hereof. “Project” means the land, facilities and rights constructed, installed, purchased and otherwise acquired for the System, the cost of which is to be defrayed with a portion of the proceeds of the Bonds and which constitutes Capital Improvements.
Principal and Interest Fund means, with respect to the Senior Parity Bonds, the Principal and Interest Fund for the Senior Parity Bonds ratified and confirmed by the Senior Parity Bond Resolutions; and, with respect to the Second Lien Parity Bonds, the Principal and Interest Fund for the Second Lien Parity Bonds ratified by the 2012 Bond Resolution which fund may include subaccounts.