Refunding Escrow Account definition

Refunding Escrow Account means the Refunding Escrow Account created and designated as such pursuant to Section 17 hereof.
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Refunding Escrow Account means the special account created by Section 5(a)
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Examples of Refunding Escrow Account in a sentence

  • When the Refunded Certificates have been paid in accordance with the Refunding Plan, any balance then remaining in the Refunding Escrow Account shall be transferred to the State Treasurer and the Fiscal Agent shall thereupon be discharged from any further duties with respect to the Refunding Escrow Account.

  • On the Closing Date, the Fiscal Agent shall deposit in the Refunding Escrow Account proceeds of the Certificates received from the State Treasurer pursuant to Section 3.02 and use such proceeds to establish the cash balances and to purchase the Government Obligations described in Exhibits B-1 through B- 12 attached hereto.

  • When the Refunded Certificates have been paid in accordance with the Refunding Plan, any balance then remaining in the Refunding Escrow Account shall be transferred to the State Treasurer and the Trustee shall thereupon be discharged from any further duties with respect to the Refunding Escrow Account.

  • Such deposit, all proceeds therefrom, and all cash balances from time to time on deposit therein (a) shall be the property of the Refunding Escrow Account, (b) shall be applied only in strict conformity with the terms and conditions of this Agreement, and (c) are hereby irrevocably pledged to the payment of the Refunded Certificates on the applicable payment and prepayment dates as set forth in the Refunding Plan.

  • On the Closing Date, the Trustee shall deposit in the Refunding Escrow Account proceeds of the Certificates received from the State Treasurer and use such proceeds to establish the cash balances and to purchase the Government Obligations described in Exhibits B-1 through B- .

  • Such deposit, all proceeds therefrom, and all cash balances on deposit therein (a) shall be the property of the Refunding Escrow Account, (b) shall be applied only in strict conformity with the terms of this Trust Agreement, and (c) are hereby irrevocably pledged to the payment of the Refunded Certificates on the applicable payment and prepayment dates as set forth in the Refunding Plan.

  • Except for the initial investment in the Government Obligations, the Trustee shall not have any power or duty to invest or reinvest any money held in the Refunding Escrow Account, or to make substitutions of the Government Obligations, or to sell, transfer, or otherwise dispose of the Government Obligations.