Principal Fund. The Trustee, on the Principal Payment Date, shall deposit in the Principal Fund that amount of money representing the principal becoming due and payable on the Notes. All moneys in the Principal Fund shall be used and withdrawn by the Trustee solely for the purpose of paying the principal evidenced and represented by the Note Participations on the Principal Payment Date. SECTION 5.03. Reserved.
Principal Fund. The Trust Administrator shall deposit in the Principal Fund before August 1 of each year, an amount of money from the Installment Payment Fund equal to the Principal Component Payment payable on such Principal Payment Date. All money in the Principal Fund shall be used by the Trust Administrator to pay or purchase the Certificates in accordance with Article IV hereof; provided that any earnings on deposit in the Principal Fund after payment of Principal Component Payment of the Certificates on a Principal Payment Date shall be transferred to the Installment Payment Fund.
Principal Fund. The Trustee, on each Principal Payment Date and Mandatory Sinking Account Payment Date, shall deposit in each account within the Principal Fund that amount of moneys evidencing the portion of the Base Rental Payments designated as the principal component coming due on such Principal Payment Date or Mandatory Sinking Account Payment Date with respect to the corresponding Series of Certificates.
Principal Fund. A Principal Fund shall be established by the Trustee. The Principal Fund shall consist of cash in the amount of $602.33. The Principal Fund shall be an Eligible Account and, as soon as practicable, after the Closing Date, the Trustee shall invest any moneys on deposit in the Principal Fund in Permitted Investments at the direction of the Master Servicer. On the Business Day preceding the March 25, 1998 Distribution Date, the Trustee shall withdraw the entire amount from the Principal Fund (excluding any earnings thereon) and deposit such amount into the Asset Proceeds Account. Such entire amount shall be used to make distributions of principal with respect to the Group I Certificates on such Distribution Date. Any earnings on the Principal Fund shall be payable on such date to the Master Servicer.
Principal Fund. On the Business Day immediately preceding each July 1, commencing July 1, 2007, the Trustee shall transfer from the Base Rental Fund to the Principal Fund the amount, if any, necessary to cause the amount on deposit in the Principal Fund to be equal to the principal amount of the Bonds due on such July 1, either as a result of the maturity thereof or mandatory sinking fund redemption payments required to be made with respect thereto. Moneys in the Principal Fund shall be used by the Trustee for the purpose of paying the principal of the Bonds when due and payable at their maturity dates or upon earlier mandatory sinking fund redemption.
Principal Fund. The Trustee, on each Principal Payment Date and each Mandatory Sinking Account Payment Date, shall deposit in the Principal Fund that amount of moneys representing the portion of the Base Rental Payments designated as the principal component coming due on such Principal Payment Date or Mandatory Sinking Account Payment Date. On each Principal Payment Date and each Mandatory Sinking Account Payment Date, the Trustee shall withdraw from the Principal Fund, for payment to the Owners, the principal evidenced by the Certificates due and payable on such Principal Payment Date or upon earlier prepayment from Mandatory Sinking Account Payments.
Principal Fund. On or before each Principal Payment Date, the Fiscal Agent shall deposit in the Principal Fund an amount equal to (a) the aggregate amount of principal becoming due and payable on the Outstanding Bonds on the next succeeding Principal Payment Date provided that, if the City certifies to the Fiscal Agent that any principal payments shall be refunded on or prior to their respective due dates, no amounts need be set aside towards such principal to be so refunded. No deposit need be made into the Principal Fund so long as there shall be in such fund moneys sufficient to pay the principal of Bonds issued hereunder and then Outstanding and maturing by their terms within the next twelve (12) months. At the beginning of each Fiscal Year and in any event not later than July 15 of each year, the Fiscal Agent shall request from the City a Certificate of the City setting forth the principal payments for which deposits will not be necessary pursuant to the preceding sentence and the reason therefor.
Principal Fund. The Trustee, on each Principal Payment Date and Mandatory Sinking Account Payment Date, shall transfer from the Revenue Fund to each Principal Fund an amount equal to the principal of the related Series of Bonds, including principal due and payable by reason of a Mandatory Sinking Account Payment coming due on such date. Moneys in each Principal Fund shall be withdrawn and used by the Trustee for the purpose of paying principal of the related Series of Bonds, including principal due and payable by reason of a Mandatory Sinking Account Payment, as and when due and payable.
Principal Fund. Subject to Section 4.9(c), moneys in the Principal Fund shall be used solely for the payment, when due (whether at the stated maturity or on call for redemption or by acceleration or otherwise), of principal with respect to the Bonds and, in case there shall be insufficient amounts to pay in full the whole amount so due and payable, then to the payment of such principal and premium, if any, ratably, without preference or priority of any Bond over any other Bond. At the time any payment of principal with respect to the Bonds is due, the Trustee shall withdraw the moneys for such payment from the Principal Fund and make such payment to the Holders.
Principal Fund. The Trustee, on or before the Business Day next preceding each Principal Payment Date and on or before each Sinking Account Payment, after making the deposit required on such date by subsection (a) above, shall deposit in the Principal Fund an amount which, together with any balance then on deposit in said Fund, equals the principal of the Bonds then due or required to be paid on such Principal Payment Date or Sinking Account Payment Date with respect to the Bonds in accordance with the terms of this Trust Agreement. Any moneys in the Principal Fund not then required for the payment of such principal on such Principal Payment Date or Sinking Account Payment Date shall be carried forward and applied to the payment of principal on any subsequent Principal Payment Date. Moneys in the Principal Fund or Sinking Account Payment Date shall be used and withdrawn by the Trustee solely for the purpose of paying the principal of the Bonds when due and payable, subject, however, to the provisions of Section 5.03.
