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    • 2011 financial assistance fund

    Definition of 2011 Financial Assistance Fund

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    2011 Financial Assistance Fund means the “2011 Financial Assistance Fund” established in Section 3.5 hereof.
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    Examples of 2011 Financial Assistance Fund in a sentence

    Until transferred in accordance with the provisions of this Section 3.5, amounts on deposit in the 2011 Financial Assistance Fund shall be invested by the Trustee in accordance with the provisions of the Master Indenture and this Supplemental Indenture.

    Interest earned from the investment of any amounts in the 2011 Financial Assistance Fund or any profits realized from any Permitted Investment of amounts in the 2011 Financial Assistance Fund shall be credited thereto.

    From funds on deposit in the 2011 Financial Assistance Fund, an amount not to exceed $ (the “Manor Expressway Construction Allocation”) shall, in accordance with Letters of Instruction from the Authority, be transferred to the Manor Expressway 2011 SR LIEN Project Subaccount and applied to the payment of Costs of the Manor Expressway Phase II Project (as defined in the Engineering Report).

    Pursuant to the provisions of Section 504(b) of the Master Indenture, there is hereby established and created a special fund to be designated as the “2011 Financial Assistance Fund.” The 2011 Financial Assistance Fund shall be established with, and held and maintained by, the Trustee in accordance with the provisions of the Master Indenture and this Supplemental Indenture.

    All funds received by the Authority pursuant to the 2011 Financial Assistance Agreements shall be deposited by the Authority upon receipt thereof in the 2011 Financial Assistance Fund.

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