Examples of Principal Reserve Fund in a sentence
Revenue Account Subject to the provisions of the Assignment, the Corporation shall cause all Pledged Receipts, excluding all amounts to be deposited pursuant to the Resolution in the Principal Reserve Fund, to be deposited promptly with the Trustee in the Revenue Account.
Establishment of Accounts The Resolution establishes the following special trust accounts to be held and maintained by the Trustee in accordance with the Resolution: (1) Bond Proceeds Account; (2) Revenue Account (including the Credit Facility Payments Sub-Account therein); (3) Redemption Account; and (4) Principal Reserve Fund.
Investment Income earned on amounts on deposit in the Principal Reserve Fund shall be retained in the Principal Reserve Fund.
If no Principal Reserve Fund Deposit Schedule is attached to the Note, no such redemption shall occur.
Funds on deposit in the Principal Reserve Fund shall not be invested.