Redemption of Refunded Bonds. From the moneys on deposit in the Escrow Fund, the Escrow Agent shall redeem the Refunded Bonds at a redemption price equal to 100% of the principal amount thereof plus accrued interest to said redemption date. Any moneys remaining in the Escrow Fund after payment of the redemption price of the Refunded Bonds in full as provided herein shall be repaid by the Escrow Agent to the City.
Appears in 6 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
