Use of Bond Proceeds and Other Money Sample Clauses
Use of Bond Proceeds and Other Money. The Bond proceeds, together with other money of the City, are expected to be allocated to expenditures as follows:
(1) $ from proceeds of the Bonds will be deposited in the Costs of Issuance Fund and used to pay costs of issuance of the Bonds, including the initial fee to the Board.
(2) $ from proceeds of the Bonds will be transferred to the Escrow Agent to be used to pay a portion of the principal of and interest on the Refunded Obligations.
Use of Bond Proceeds and Other Money. The Bond proceeds and other money available to the Corporation are expected to be allocated to expenditures as follows:
(i) $ of funds of the Corporation will be deposited in the Series 2020 Costs of Issuance Fund and used to pay Costs of Issuance.
(ii) $ of proceeds of the Bonds [**together with $ of [[Corporation cash]] [[on deposit in the fund for the Series 2011 Bonds]],**] will be deposited in the Series 2020 Refunding Fund to pay the principal of and interest on the Refunded Series 2011 Bonds.
(iii) $ of proceeds of the Bonds [**together with $ of [[Corporation cash]] [[on deposit in the fund for the Series 2014 Bonds]],**] will be deposited in the Series 2020 Refunding Fund to pay the principal of and interest on the Refunded Series 2014 Bonds.
(iv) $ of proceeds of the Bonds [**together with $ of [[Corporation cash]] [[on deposit in the fund for the Series 2015A Bonds]],**] will be deposited in the Series 2020 Refunding Fund to pay the principal of and interest on the Refunded Series 2015A Bonds.