Common use of Borrower Contribution Clause in Contracts

Borrower Contribution. The Borrower agrees to deposit with the Trustee on the date of issuance of the Bonds a contribution in the amount of $499,250.56 ($210,246.67 of which represents the amount of interest to accrue on the Prior Obligations from September 1, 2003 to November 29, 2003 and $289,003.89 of which shall be applied to the payment of the costs of refunding the Prior Obligations, including, but not limited to, all expenses incurred in connection with the issuance, execution and sale of the Bonds, including compensation and expenses of the Trustee, legal, accounting and consulting expenses and fees, costs of printing and engraving, underwriting expenses and recording and filing fees), which amount shall be deposited by the Trustee in the Refunding Fund established pursuant to Section 5.1 of the Indenture.

Appears in 1 contract

Sources: Loan Agreement (Connecticut Water Service Inc / Ct)

Borrower Contribution. The Borrower agrees to deposit with the Trustee on the date of issuance of the Bonds a contribution in the amount of $499,250.56 225,724.61 ($210,246.67 76,667.67 of which represents the amount of interest to accrue on the Prior Obligations from September July 1, 2003 2004 to November 29October 7, 2003 2004 and $289,003.89 149,056.94 of which shall be applied to the payment of the costs of refunding the Prior Obligations, including, but not limited to, all expenses incurred in connection with the issuance, execution and sale of the Bonds, including compensation and expenses of the Trustee, legal, accounting and consulting expenses and fees, costs of printing and engraving, underwriting expenses and recording and filing fees), which amount shall be deposited by the Trustee in the Refunding Fund established pursuant to Section 5.1 of the Indenture.

Appears in 1 contract

Sources: Loan Agreement (Connecticut Water Service Inc / Ct)

Borrower Contribution. The Borrower agrees to deposit with the Trustee on the date of issuance of the Bonds a contribution in the amount of $499,250.56 159,757.82 ($210,246.67 24,116.00 of which represents the amount of interest to accrue on the Prior Obligations from September 1, 2003 2004 to November 29October 7, 2003 2004 and $289,003.89 135,641.82 of which shall be applied to the payment of the costs of refunding the Prior Obligations, including, but not limited to, all expenses incurred in connection with the issuance, execution and sale of the Bonds, including compensation and expenses of the Trustee, legal, accounting and consulting expenses and fees, costs of printing and engraving, underwriting expenses and recording and filing fees), which amount shall be deposited by the Trustee in the Refunding Fund established pursuant to Section 5.1 of the Indenture.

Appears in 1 contract

Sources: Loan Agreement (Connecticut Water Service Inc / Ct)