Examples of Purchase Account in a sentence
Amounts held in the Standby Purchase Account and the Remarketing Proceeds Account by the Paying Agent shall be held uninvested and separate and apart from all other funds and accounts.
Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2024 Series A-2 Bonds shall be immediately returned to the Liquidity Facility Provider.
Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 of this Series Indenture, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of the 2024 Series B-2 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient.
Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 of this Series Indenture, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of the 2024 Series A-2 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient.
Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2024 Series B-2 Bonds shall be immediately returned to the Liquidity Facility Provider.