Examples of Reserve Fund Surety Policy in a sentence
As and to the extent that payments are made to the Series 2017 Surety Provider on account of principal due, the coverage under the Series 2017 Reserve Fund Surety Policy will be increased by a like amount, subject to the terms of the Series 2017 Reserve Fund Surety Policy.
As of the date of delivery of the Series 2017 Subordinate Lien Bonds, the Series 2017 Reserve Fund Surety Policy with a policy limit equal to the Reserve Requirement is being issued by the Series 2017 Surety Provider to fund such Reserve Requirement and will be held by the Trustee for the credit of the Series 2017 Debt Service Reserve Account.
The Series 2017 Reserve Fund Surety Policy issued by the Series 2017 Surety Provider in accordance with Article IX hereof is being deposited with the Trustee to the credit of such account to satisfy the Reserve Requirement for the Series 2017 Subordinate Lien Bonds.
Primary research finding: Food habits of white perch were similar among the two populations, suggesting that changes in population status (e.g., shifting a population from a stunted state to a non-stunted state) would not change the food consumed by white perch.
From the Trust Estate and subject to the terms of the Indenture, the Authority shall repay (or cause the Trustee to repay) any draws under the Series 2017 Reserve Fund Surety Policy and pay all related reasonable expenses incurred by the Series 2017 Surety Provider and shall pay interest thereon from the date of payment by the Series 2017 Surety Provider at the Late Payment Rate.
Whenever the amount in the Reserve Fund exceeds the Reserve Fund Requirement and all reimbursement and repayment obligations pursuant to any Reserve Fund Surety Policy have been satisfied, the Authority may direct the Trustee to transfer such excess to the Interest and Sinking Fund or to any other Fund hereunder.
All cash and investments in the Series 2017 Debt Service Reserve Account shall be transferred to the Subordinate Lien Debt Service Fund for payment of debt service on Series 2017 Subordinate Lien Bonds before any drawing may be made on the Series 2017 Reserve Fund Surety Policy or any other Credit Agreement credited to the Series 2017 Debt Service Reserve Account in lieu of cash.
Amounts drawn under the Series 2017 Reserve Fund Surety Policy shall be available only for the payment of scheduled principal and interest on the Series 2017 Subordinate Lien Bonds when due.
The Trustee is required to ascertain the necessity for a claim upon the Series 2017 Reserve Fund Surety Policy in accordance with the provisions of subparagraph (b) above and to provide notice to the Series 2017 Surety Provider in accordance with the terms of the Series 2017 Reserve Fund Surety Policy at least five business days prior to each date upon which interest or principal is due on the Series 2017 Subordinate Lien Bonds.
Both contentions are incorrect.1. The Canadian Softwood Lumber settlement opinion does not bless the use of SEPs.The claim that OLC has approved SEPs (at least in a publicly available opin- ion) is simply not true.