Debt Service. (1) Not later than the opening of business on the Business Day on which a payment of principal or interest is due, the Company shall pay or cause to be paid to the Trustee for deposit in the Bond Fund an amount available on such payment date equal to such payment less the amount, if any, in the Bond Fund and available therefor.
Appears in 3 contracts
Samples: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co)
Debt Service. (1i) Not later than the opening of business on the Business Day on which a payment of principal or interest is due, the Company shall pay or cause to be paid to the Trustee or the Paying Agent, as appropriate, for deposit in the Bond Debt Service Fund an amount available on such payment date equal to such payment less the amount, if any, in the Bond Debt Service Fund and available therefor.
Appears in 3 contracts
Samples: Loan and Trust Agreement (Teco Energy Inc), Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Teco Energy Inc)
Debt Service. (1) Not later than the opening of business on the Business Day on which a payment of principal or interest is duedue on the Bonds of any series, the Company shall pay or cause to be paid to the Trustee for deposit in the Bond Fund for the Bonds of such series an amount available on such payment date equal to such payment less the amount, if any, in the Bond Fund for the Bonds of such series and available therefor.
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