Prior Bond Fund definition

Prior Bond Fund means the fund or funds established in connection with the issuance of the Prior Bonds to pay the debt service on the Prior Bonds.
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Prior Bond Fund means the bond fund created under Section 4.01(b) of the Prior Indenture from which payments of principal and interest on the Prior Bonds are made.
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Prior Bond Fund means the “County of Jefferson, Kentucky, Pollution Control Revenue Bond Fund, 1995 Series A (Louisville Gas and Electric Company Project)” created by the 1995 Series A Indenture.
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Examples of Prior Bond Fund in a sentence

  • The Prior Bond Fund was depleted at least once a year, except for a reasonable carry over amount not to exceed the greater of (i) the earnings on the investment of moneys in such account for the immediately preceding bond year or(ii) one-twelfth (1/12th) of the principal and interest payments on the Prior Bonds.

  • The Issuer and the Company shall, simultaneously with the delivery of the Bonds, cause such proceeds, other than accrued interest, if any, to be transferred to the Prior Trustee for deposit into the Prior Bond Fund to be used to pay the principal amount of the Prior Bonds upon their redemption on the Redemption Date.

  • Following the payment and discharge of the Refunded 1992 Series A Bonds on their redemption date and the making of provision for payment of the Refunded 1992 Series A Bonds not presented for payment, any remaining moneys in the Prior Bond Fund shall belong to and be paid to Company by the Prior Trustee.

  • Following the payment and discharge of the Refunded 1993 Series A Bonds on their redemption date and the making of provision for payment of the Refunded 1993 Series A Bonds not presented for payment, any remaining moneys in the Prior Bond Fund shall belong to and be paid to Company by the Prior Trustee.

  • The Company hereby requests the Authority to direct the Trustee to transfer the proceeds of the Bonds, pursuant to Section 9.01 of the Indenture, for deposit in the Prior Bond Fund created pursuant to Article IX of the Prior Indenture.

  • The Issuer and the Company shall, simultaneously with the delivery of the Bonds, cause such proceeds, other than accrued interest, Series 1999A Restated Loan Agreement if any, to be transferred to the Prior Trustee for deposit into the Prior Bond Fund to be used to pay the principal amount of the Prior Bonds upon their redemption on the Redemption Date.

  • The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the accrued interest, if any, paid by the Underwriter; and (2) $40,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture for deposit in the Prior Bond Fund to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.

  • Income derived from the investment of the proceeds of the Bonds deposited in the Prior Bond Fund will be used to the extent necessary to satisfy the obligations of the Company specified in the immediately preceding sentence.

  • Following the payment and discharge of the Refunded 1995 Series A Bonds on their redemption date and the making of provision for payment of the Refunded 1995 Series A Bonds not presented for payment, any remaining moneys in the Prior Bond Fund shall belong to and be paid to Company by the Prior Trustee.

  • BUDGET HIGHLIGHTS There are no significant changes in the FY07 budget for the Manager’s Office.


More Definitions of Prior Bond Fund

Prior Bond Fund means the fund established pursuant to Section 5.02 of the Prior Indenture.
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Prior Bond Fund means the “County of Xxxxxxx, Kentucky, Collateralized Solid Waste Disposal Facilities Revenue Bond Fund (Kentucky Utilities Company Project) 1993 Series A” created by the 1993 Series A Indenture.
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Prior Bond Fund means the fund or account or funds or accounts established with respect to the Prior Bonds from which current debt service on the Prior Bonds has been or will be paid excluding any interest paid on the Prior Bonds from Prior Bond Proceeds.
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Prior Bond Fund or "Escrow Fund" means the XxXxxxxxx County School District Finance Corporation School Building Revenue Bond and Interest Redemption Fund of December 30, 2010 established by the Prior Bond Resolution to provide for the payment of the Prior Issue and maintained with The Bank of New York Mellon Trust Company, N.A., St. Louis, Missouri.
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Prior Bond Fund or, collectively, “Prior Bond Funds” means each of the (i) County of Xxxxxxx, Kentucky, Environmental Facilities Revenue Bond Fund, 2005 Series A (Kentucky Utilities Company Project) created by the 2005 Series A Indenture, (ii) County of Xxxxxxx, Kentucky, Environmental Facilities Revenue Bond Fund, 2005 Series B (Kentucky Utilities Company Project) created by the 2005 Series B Indenture, (iii) County of Xxxxxxx, Kentucky, Environmental Facilities Revenue Bond Fund, 2006 Series A (Kentucky Utilities Company Project) created by the 2006 Series A Indenture and (iv) County of Xxxxxxx, Kentucky, Environmental Facilities Revenue Bond Fund, 2006 Series C (Kentucky Utilities Company Project) created by the 2006 Series C Indenture.
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Prior Bond Fund means the funds created under the provisions of the Prior Indenture from which payments of principal and interest on the Prior Bonds are made.
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Related to Prior Bond Fund

  • Bond Fund means the fund created by Section 6.02 of the Indenture.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Rebate Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Refunded Bonds means the portion of the $2,348,000 of the Series B Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • State funds means any funds appropriated by the North Carolina General Assembly or collected by the State of North Carolina. State funds include federal financial assistance received by the State and transferred or disbursed to non-State entities. Both Federal and State funds maintain their identity as they are disbursed as financial assistance to other organizations.

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.