Refunding Account definition

Refunding Account means any account authorized to be created pursuant to

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Refunding Account means the account within the Construction Fund so designated, established and created pursuant to Section 3.01 hereof.

Refunding Account means the account of that name established pursuant

Examples of Refunding Account in a sentence

The Escrow Agent has created on its books a special trust fund and irrevocable escrow to be known as the Refunding Account.
The Deposit Trustee shall hold and administer, pursuant to the Exit 10 Resolution, the Exit 10 Construction Account and the Exit 10 Refunding Account.
If, for any reason, at any time, the cash balances on deposit or scheduled to be on deposit in the Refunding Account shall be insufficient to transfer the amounts required by the Paying Agent to make the payments set forth in Section 3.2, the District shall timely deposit in the Refunding Account, from any funds that are lawfully available therefor, additional funds in the amounts required to make such payments.
At the written request of the District, and upon compliance with the conditions hereinafter stated, the Escrow Agent shall utilize cash balances in the Refunding Account, or sell, transfer, otherwise dispose of or request the redemption of the Escrowed Securities and apply the proceeds therefrom to purchase 2010 Bonds or Government Obligations which do not permit the redemption thereof at the option of the obligor.
On the date of issuance of the Town Bonds, a portion of the proceeds of the Town Bonds in the amount of $2,637,655.29 shall be deposited in the Exit 10 Refunding Account and immediately disbursed to the 1994 Bonds Paying Agent for payment of the 1994 Bonds.

More Definitions of Refunding Account

Refunding Account means the account by that name established within the Housing and Dining System Revenue Fund pursuant to Section 13 of the Resolution.

Refunding Account has the meaning set forth in Section 2.02(e).

Refunding Account means any account authorized to be created pursuant to Section 14 hereof to provide for the refunding of any Refunded Bonds.

Refunding Account means the account by that name established pursuant

Refunding Account means the fund by that name created by Section 401 hereof.

Refunding Account means the fund created by this Agreement to be established, held and administered by the Escrow Agent pursuant to the provisions of this Agreement.

Refunding Account means the account in the Proceeds Fund established hereunder and further described by Section 16 of this Ordinance.