Examples of CFC Debt in a sentence
Moneys in the CFC Supplemental Reserve Account shall be paid by the Authority to the CFC Debt Service Fund, prior to applying any moneys in the CFC Debt Service Reserve Fund or the CFC Debt Service Coverage Fund, to the extent necessary from time to time to permit the timely payment of the Series 2019 Bonds.
Investment income from moneys in that subaccount shall be credited to the general portion of the CFC Debt Service Fund.
For each series of Bonds, the related CFC Supplemental Trust Agreement shall either (a) create separate accounts within the CFC Debt Service Reserve Fund and the CFC Debt Service Coverage Fund or (b) designate previously created accounts within the CFC Debt Service Reserve Fund and the CFC Debt Service Coverage Fund, if permitted, for the deposit of the CFC Debt Service Reserve Fund Requirement and the CFC Debt Service Coverage Fund Requirement, respectively, for the applicable series of Bonds.
The Trustee shall sell or redeem investments credited to the CFC Debt Service Fund, the CFC Debt Service Reserve Fund, and the CFC Debt Service Coverage Fund to produce sufficient money at the times required for the purpose of paying Debt Service Charges when due, and shall do so without necessity for any order on behalf of the Authority and without restriction by reason of any order.
Moneys in the CFC Administrative Costs Fund may be paid by the Authority to the CFC Debt Service Fund, to the extent necessary from time to time, after applying to that purpose any moneys then in the CFC Debt Service Coverage Fund, to permit the payment of all obligations payable from the CFC Debt Service Fund without drawing on the CFC Debt Service Reserve Fund.