Escrow Trustee means The Bank of New York Mellon Trust Company, N.A., Jacksonville, Florida, or any successor thereto, as Escrow Trustee under each of the Escrow Agreements. ATTACHMENT I 148 of 355 - LSU Board of Supervisors Committee Meeting 10/21/2016 ________________________________________________________________________________
Pursuant to an Escrow Agreement between the Authority and The Bank of New York Mellon (the "Escrow Trustee"), the Authority will deposit cash and/or Defeasance Securities in trust with the Escrow Trustee.
The Fiscal Officer is authorized and directed to execute and deliver to the Escrow Trustee, in the name of and on behalf of the University, an Escrow Deposit Agreement in connection with the refunding of the Series 2012 Bonds.
Pursuant to an Escrow Agreement between the Authority and the Bank of New York Mellon (the "Escrow Trustee"), the Authority will deposit cash and/or Defeasance Securities in trust with the Escrow Trustee.
The Defeasance Securities will bear interest at such rates and will mature at such times and in such amounts so that, together with any uninvested cash held by the Escrow Trustee, sufficient moneys will be available to make full and timely payment on the principal of, and interest on, the Refunded Bonds on the respective redemption dates (the "Redemption Dates") set forth in "APPENDIX I -- TABLE OF REFUNDED BONDS".
For purposes of the Indiana Uniform Commercial Code, however, the original of this instrument held by the Escrow Trustee shall be deemed and treated as the only original counterpart hereof.