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    • Borough of rockaway trust estate

    Definition of Borough of Rockaway Trust Estate

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    Borough of Rockaway Trust Estate means all right, title and interest of the Authority in, to and under (i) the Revenues applicable to the Borough of Rockaway, (ii) all moneys and securities held in any Funds, Accounts or Subaccounts established hereunder with respect to the Borough of Rockaway Bonds that are designated with the prefix of the Borough of Rockaway (except for moneys or securities held in the Administrative Expense Account, but only to the extent such moneys represent the Administrative Fee), (iii) the Borough of Rockaway's Allocable Share of all moneys and securities held in any other Funds, Accounts or Subaccounts established hereunder with respect to the Borough of Rockaway Bonds (except for the Rebate Fund), (iv) any moneys or securities to be set aside pursuant to the terms of this Pooled Program Bond Resolution, which unless otherwise stated herein shall be set aside for the Borough of Rockaway in the amount of its Allocable Share, and (vi) the Borough of Rockaway Bonds.
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