Refunding Escrow definition

Refunding Escrow means one or more funds established as part of a single transaction, or a series of related transactions, containing Proceeds of a Refunding Issue and any other amounts to be used to pay Debt Service on Refunded Bonds of one or more issues.

Refunding Escrow means one or more funds established as part of a single transaction or a series of related transactions, containing proceeds of a Refunding Issue and

Refunding Escrow means one or more funds established as part of a single transaction or a series of related transactions, containing proceeds of a Refunding Issue and any other amounts to provide for payment of principal or interest on one or more Prior Issues. For this purpose, funds are generally not so established solely because of

Examples of Refunding Escrow in a sentence

• The Refunding Escrow cash flow is set forth in Schedule II attached hereto.

• All securities, investments and moneys in the Refunding Escrow are hereby irrevocably pledged, subject to the provisions of Section 3 hereof, to secure the payment of the Redemption Price of the Prior Bonds.

• Except as otherwise provided in Section 3, the Community Facilities District hereby requests and irrevocably instructs the Escrow Agent to deposit in the Refunding Escrow the principal of and interest on the Investment Securities held for the account of the Refunding Escrow promptly as such principal and interest become due and, subject to the provisions of Section 3 hereof, to pay in timely fashion the Redemption Price of the Prior Bonds.

• These proceeds of the 2020 Series A refunding bonds were deposited into a refunding escrow fund held by an escrow agent under a Refunding Escrow Agreement between the escrow agent and the Town.

• Following receipt of bids, the size of the Second Series B Bonds may be further adjusted by the Treasurer by up to 15% to account for premium bid, if any, and savings realized from the purchase of securities for deposit to the Refunding Escrow Account.

• The sufficiency of the moneys to 104081623.3 1001189978 Anaheim Water [ ] Refunding Escrow Agreement redeem the Refunded Bonds on said redemption date has been verified in a report prepared by [ ] dated [ ], 2022.

• Except as otherwise provided in this Section, the Escrow Agent shall not reinvest any remaining portion of the Refunding Escrow and shall hold such portion uninvested in the Refunding Escrow.

• To provide for the payment of the refunded debt, the Town deposited $9,108,587 into an irrevocable fund designated the “Town of Grafton, Massachusetts Refunding Escrow Agreement.” The market value of the trust at June 30, 2020 was $4,844,359.

• Solely for the benefit of the owners of the Refunded Certificates, the Trustee shall establish a separate account named the “State of Washington Certificates of Participation, Series 20 Refunding Escrow Account,” which consists of the accounts shown in Exhibits B-1 through B- (collectively, the “Refunding Escrow Account”), and shall carry out the Refunding Plan in accordance with this Section 3.04.

• Fejt, to accept Treasurer Gutierrez’s report on the Refunding Escrow Agreement Series 2019 as informational.

More Definitions of Refunding Escrow

Refunding Escrow means one or more funds established as part of a single transaction or a series of related transactions, containing proceeds of a Refunding Issue and any other amounts to provide for payment of principal or interest on one or more Prior Issues. For this purpose, funds are generally not so established solely because of (i) the deposit of Proceeds of an issue and Replacement Proceeds of the Prior Issue in an escrow more than 6 months apart, or (ii) the deposit of Proceeds of completely separate issues in an escrow.

Refunding Escrow means the Refunding Escrow established pursuant to the 2013 Escrow Agreement.