Examples of Prior Bonds Fiscal Agent Agreement in a sentence
Also on the Closing Date, the Prior Bonds Fiscal Agent shall transfer to the Escrow Agent for deposit into the Escrow Fund the amount of $ in immediately available funds, to be derived from the moneys in the funds and accounts related to the Prior Bonds.On the Closing Date, the Escrow Agent shall invest $ of the amounts deposited in the Escrow Fund in the Federal Securities (as defined in the Prior Bonds Fiscal Agent Agreement) listed on Exhibit B.
The City hereby instructs the Escrow Agent to retain and hold in trust moneys in the Escrow Fund for the purpose of paying principal of and interest on the Prior Bonds through September 1, 2015, and on September 1, 2015 to redeem the Prior Bonds maturing after September 1, 2015, at the redemption prices set forth in the Prior Bonds Fiscal Agent Agreement.
The Successor Agency previously directed the Prior Bonds Fiscal Agent to give notice of the redemption of the Series 2013 Bonds in accordance with the requirements of the Prior Bonds Fiscal Agent Agreement, at the expense of the Successor Agency, using forms in the forms provided in Exhibit C.
The Successor Agency hereby appoints the Escrow Agent to act as escrow agent for purposes of administering the funds required to redeem and defease the Prior Bonds in accordance with the Prior Bonds Fiscal Agent Agreement.
The Successor Agency has irrevocably elected to pay and redeem all of the outstanding Prior Bonds on the dates set forth in Exhibit A, in accordance with the provisions of the Prior Bonds Fiscal Agent Agreement.
The Prior Bonds Fiscal Agent is hereby directed to give notice of the redemption of the Prior Bonds to the registered Owners thereof, not less than 30 days nor more than 60 days prior to the redemption date, in accordance with the provisions of the Prior Bonds Fiscal Agent Agreement in the form attached hereto as Exhibit B, so that redemption shall occur strictly in accordance with the applicable provisions thereof.
All cash and securities in the Escrow Fund are hereby irrevocably pledged as a special fund for the payment of the principal of and interest on the Prior Bonds in accordance with the related Prior Bonds Fiscal Agent Agreement.
All cash in the Escrow Fund is hereby irrevocably pledged as a special fund for the payment of the Prior Bonds in accordance with the provisions of the Prior Bonds Fiscal Agent Agreement.
The City agrees that if for any reason the moneys in the Escrow Fund are insufficient or otherwise unavailable to pay timely principal and premium of, and interest on, the Prior Bonds, the City shall continue to be liable therefor in accordance with the terms of the Prior Bonds Fiscal Agent Agreement and the Prior Bonds.
The Successor Agency hereby directs the Prior Bonds Fiscal Agent to give notice of the redemption of the Series 2005 Bonds in accordance with the requirements of the Prior Bonds Fiscal Agent Agreement, at the expense of the Successor Agency, using the forms provided Exhibit D.