Examples of Sinking Fund Depository in a sentence

If any one or more of the covenants or agreements provided in this Debt Ordinance on the part of the Local Government Unit or the Sinking Fund Depository to be performed shall for any reason be held to be illegal or invalid or otherwise contrary to law, then such covenant or covenants or agreement or agreements shall be null and void and shall be deemed separable from the remaining covenants and agreements, but shall in no way otherwise affect the validity of this Debt Ordinance.
To the extent that any one signature on a Bond (including the signature of the officer of the Sinking Fund Depository) is manual, all other signatures may be by facsimile.
The Local Government Unit or the Sinking Fund Depository must give DTC notice of the special record date not less than 10 days in advance of such special record date.
All Bonds so surrendered shall be cancelled and may be destroyed by the Sinking Fund Depository.
The Designated Officers are hereby authorized and directed to deliver the Bonds to the Sinking Fund Depository for authentication and thereafter to the Purchaser against confirmed receipt of the Purchase Price thereof.

More Definitions of Sinking Fund Depository

Sinking Fund Depository means the bank, trust company, or a bank and trust company, located and lawfully conducting business in Pennsylvania, appointed by a Local Government Unit to maintain the bank account, or sinking fund, to receive payments for debt incurred pursuant to the Debt Act.

Sinking Fund Depository means U.S. Bank National Association, Pittsburgh, Pennsylvania, a bank or bank and trust company which has an office located in and lawfully conducts a banking or trust business

Sinking Fund Depository means U.S. Bank National Association, a bank or bank and trust company located and lawfully conducting a banking or trust business in the Commonwealth of Pennsylvania, having a corporate trust office in Pittsburgh, Pennsylvania. Said bank shall assume, undertake and perform the duties of the Sinking Fund Depository specified by this Debt Ordinance or contained in the Debt Act, and

Sinking Fund Depository means The Bank of New York Mellon Trust Company, N.A., a bank or bank and trust company located and lawfully conducting a banking or trust business in the Commonwealth of Pennsylvania, having its designated corporate trust office at Suite 3800, 525 William Penn Way, Pittsburgh, Pennsylvania 15219, or its duly appointed successors or assigns. Said bank shall assume, undertake and perform the duties of the Sinking Fund Depository specified by this Debt Ordinance or contained in the Debt Act, and shall further act as Paying Agent

Sinking Fund Depository means Manufacturers and Traders Trust Company a New York state chartered bank with trust powers, having a corporate trust office in Harrisburg, Pennsylvania. Said bank shall assume, undertake and perform the duties of the Sinking Fund Depository specified by this Debt Resolution or contained in the Debt Act, and shall further act as Paying Agent and Registrar in respect of the Bonds, according to the provisions of this Debt Resolution and the Debt Act and in compliance at all times with then-current industry standards and practices.

Sinking Fund Depository means U.S. Bank National Association, being a bank or bank and trust company located and lawfully conducting a banking or trust business in the Commonwealth of Pennsylvania, having designated corporate trust offices in Pittsburgh, Pennsylvania. Said bank shall assume, undertake and perform the duties of the Sinking Fund Depository specified by this Debt Ordinance or contained in the Debt Act, and shall further act as Paying Agent and Registrar in respect of the Bonds, according to the provisions of this Debt Ordinance and the Debt Act and in compliance at all times with then-current industry standards and practices. Notwithstanding the foregoing if the payment of the Bonds has been insured to the owners by a duly issued and outstanding Bond Insurance Policy, the Sinking Fund Depository must be, and remain at all times, acceptable to the Insurer, who will be empowered to request of the Local Government Unit the appointment of a successor for cause shown.