Redemption Fund. (a) The Redemption Fund shall be held by the Trustee for the benefit of the Bonds. The Trustee shall deposit into the Redemption Fund any Prepayments or Net Proceeds pursuant to Section 5.6. Any moneys on deposit in the Redemption Fund shall be used and applied, as soon as practicable following the receipt thereof, but not later than twelve months after such receipt, for either or both of the following purposes:
Redemption Fund. The Paying Agent, if other than the County, shall establish and maintain a special fund designated the “Redemption Fund.” The Paying Agent shall deposit in the Redemption Fund amounts received from the District with respect to the optional redemption of Bonds pursuant to Article LXX. Amounts in the Redemption Fund shall be disbursed therefrom for the payment of the Redemption Price of Bonds redeemed pursuant to the extraordinary and optional redemption provisions set forth in Article LXX.
Redemption Fund. The Trustee shall establish and maintain the Redemption Fund, amounts in which shall be used and withdrawn by the Trustee solely for the purpose of paying the principal of and premium on the Bonds to be redeemed pursuant to Sections 4.01(a), (b), or (c); provided, however, that at any time prior to the selection of Bonds for redemption, the Trustee may apply such amounts to the purchase of Bonds at public or private sale, in accordance with Section 4.02.
Redemption Fund. A Redemption Fund is hereby established with the Trustee and moneys shall be deposited therein as provided in this Agreement. The moneys in the Redemption Fund and any investments held as a part of such Fund shall be held in trust and, except as otherwise provided, shall be applied by the Trustee on behalf of the Issuer solely to the redemption of Bonds. The Trustee may, and upon written direction of the Borrower for specific purchases shall, apply moneys in the Redemption Fund to the purchase of Bonds for cancellation at prices not exceeding the price at which they are then redeemable (or next redeemable if they are not then redeemable), but not within the forty-five (45) days preceding a redemption date. Accrued interest on the purchase of Bonds shall be paid from the Debt Service Fund. When moneys in the Redemption Fund are to be applied to the redemption of Bonds, the Trustee shall transfer such moneys to the Paying Agent on or before the redemption date, provided that moneys set aside for the redemption of particular Bonds pursuant to clause (iv) of the definition of "Outstanding" or Section 204 may be transferred in immediately available funds at the opening of business on the redemption date. If on any date the amount in the Debt Service Fund is less than the amount then required to be transferred to the Paying Agent to pay the principal (including sinking fund installments, if any) and interest then due on the Bonds or if on any date an amount is then required to be paid to the United States as provided in Section 317(a), the Trustee shall apply the amount in the Redemption Fund (other than any sum irrevocably set aside for the redemption of particular Bonds or required to purchase Bonds under outstanding purchase contracts) first, to the satisfaction of such rebate payment and second, to the Debt Service Fund to the extent necessary to meet the deficiency. The Borrower shall remain liable for any sums which it has not paid into the Debt Service Fund and any subsequent payment thereof shall be used to restore the funds so applied. If any moneys in the Redemption Fund are invested in accordance with this Agreement and a loss results therefrom so that there are insufficient funds to pay the redemption price of Bonds called for redemption in accordance with this Agreement, then the Borrower shall immediately supply the deficiency.
Redemption Fund. The Trustee, on the redemption date specified in the Written Request of the City filed with the Trustee at the time that any prepaid Base Rental Payment is paid to the Trustee pursuant to the Lease Agreement, shall deposit in the Redemption Fund that amount of moneys representing the portion of the Base Rental Payments designated as prepaid Base Rental Payments. Additionally, the Trustee shall deposit in the Redemption Fund any amounts required to be deposited therein pursuant to Section 5.03 or Section 5.04 hereof. Moneys in the Redemption Fund shall be used by the Trustee for the purpose of paying the principal of and interest and premium, if any, on Series 1999 Bonds redeemed pursuant to the provisions of subsections (a) and (b) of Section 4.01 hereof and Additional Bonds redeemed pursuant to the corresponding provisions of the Supplemental Indenture pursuant to which such Additional Bonds are issued.
Redemption Fund. (a) The Trustee shall establish and maintain in trust a special fund designated the “Redemption Fund.”
Redemption Fund. The Trustee shall establish and maintain a special fund designated the “Redemption Fund”. As soon as practicable after the receipt by the Community Facilities District of prepaid Special Taxes, but in any event not later than ten Business Days after such receipt, the Community Facilities District shall transfer such prepaid Special Taxes to the Trustee for deposit in the Redemption Fund. Additionally, the Trustee shall deposit in the Redemption Fund amounts received from the Community Facilities District in connection with the Community Facilities District’s exercise of its rights to optionally redeem Series 2017 Bonds pursuant to Section 4.01(a) and any other amounts required to be deposited therein pursuant to Section 3.04 or Section 5.05 or pursuant to any Supplemental Indenture. Amounts in the Redemption Fund shall be disbursed therefrom for the payment of the Redemption Price of Series 2017 Bonds redeemed pursuant to Section 4.01(a) or Section 4.01(b) and to pay the Redemption Price of Additional Bonds redeemed under the Supplemental Indenture pursuant to which such Additional Bonds are issued.
Redemption Fund. (a) The State may deposit in the Redemption Fund any moneys, including Pledged Funds, not otherwise required by this Trust Agreement to be otherwise deposited or applied.
Redemption Fund. The Trustee shall deposit to the Redemption Fund for redemption of Notes in accordance with Article V hereof any amounts deposited by the Issuer with the Trustee for the purpose of paying the Redemption Price of any Notes. Said moneys shall be set aside in the Redemption Fund solely for the purpose of redeeming Notes subject to redemption in advance of their maturity and shall be applied to the redemption at the applicable Redemption Price of the Notes being redeemed on the applicable redemption date. Interest on such redeemed Notes shall be paid from the Interest Account, except to the extent moneys for payment of interest were deposited to the Redemption Fund, in which case it shall be paid from the Redemption Fund. All interest and other income earned from the investment of moneys in the Redemption Fund shall be retained in, and credited to, the Redemption Fund.
Redemption Fund. 29 Section 3.4
