Common use of Agreement to Issue Bonds; Application of Bond Proceeds Clause in Contracts

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a portion of the Prior Bonds as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the Underwriter, its Bonds in the aggregate principal amount of $40,000,000, bearing interest and maturing as set forth in the Indenture. The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the accrued interest, if any, paid by the Underwriter; and (2) $40,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture for deposit in the Prior Bond Fund to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a portion of the Prior Bonds as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the Underwriter, its Bonds in the aggregate principal amount of $40,000,000100,000,000, bearing interest and maturing as set forth in the Indenture. The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the any accrued interest, if any, paid by the Underwriter; and (2) $40,000,000 100,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture for deposit in the Prior Bond Fund to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a portion of the Prior Bonds as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the Underwriter, its Bonds in the aggregate principal amount of $40,000,00080,000,000, bearing interest and maturing as set forth in the Indenture. The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the any accrued interest, if any, paid by the Underwriter; and (2) $40,000,000 80,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture for deposit in the Prior Bond Fund to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a portion of the Prior Bonds as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the Underwriter, its Bonds in the aggregate principal amount of $40,000,00015,000,000, bearing interest and maturing as set forth in the Indenture. The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the any accrued interest, if any, paid by the Underwriter; and (2) $40,000,000 15,000,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture for deposit in the Prior Bond Fund to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.

Agreement to Issue Bonds; Application of Bond Proceeds. In order to provide funds to lend to the Company to refund a portion of the Prior Bonds as provided in Section 4.1 hereof, the Issuer agrees that it will issue under the Indenture, sell and cause to be delivered to the Underwriter, its Bonds in the aggregate principal amount of $40,000,00084,800,000, bearing interest and maturing as set forth in the Indenture. The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the accrued interest, if any, paid by the Underwriter; and (2) $40,000,000 84,800,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustee as provided in Section 6.07 of the Indenture Trustees for deposit in the Prior Bond Fund Funds to be used to pay to the owners thereof $40,000,000 of the principal of the Prior Bonds upon redemption thereof.