Refunding Escrow definition
Examples of Refunding Escrow in a sentence
The Refunding Escrow cash flow is set forth in Schedule II attached hereto.
The sufficiency of the moneys to 104081623.3 1001189978 Anaheim Water [ ] Refunding Escrow Agreement redeem the Refunded Bonds on said redemption date has been verified in a report prepared by [ ] dated [ ], 2022.
The banker's guarantee shall be returned to the Tenant upon it expiring, or the lease having been cancelled.
Except as otherwise provided in Section 3, the Community Facilities District hereby requests and irrevocably instructs the Escrow Agent to deposit in the Refunding Escrow the principal of and interest on the Investment Securities held for the account of the Refunding Escrow promptly as such principal and interest become due and, subject to the provisions of Section 3 hereof, to pay in timely fashion the Redemption Price of the Prior Bonds.
All securities, investments and moneys in the Refunding Escrow are hereby irrevocably pledged, subject to the provisions of Section 3 hereof, to secure the payment of the Redemption Price of the Prior Bonds.
Such deposit, all proceeds therefrom, and all cash balances from time to time on deposit therein (a) shall be the property of the Refunding Escrow Account, (b) shall be applied only in strict conformity with the terms and conditions of this Agreement, and (c) are hereby irrevocably pledged to the payment of the Refunded Certificates on the applicable payment and prepayment dates as set forth in the Refunding Plan.
Solely for the benefit of the owners of the Refunded Certificates, the Trustee shall establish a separate account named the “State of Washington Certificates of Participation, Series 20 Refunding Escrow Account,” which consists of the accounts shown in Exhibits B-1 through B- (collectively, the “Refunding Escrow Account”), and shall carry out the Refunding Plan in accordance with this Section 3.04.
The cash flow for the Refunding Escrow is set forth on Exhibit A to the Verification Report prepared by ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇ P.C., attached hereto and incorporated herein by reference as though fully set forth herein and made a part hereof, relating to the Series 2018 Bonds.
Grouped summary tables of certain ▇▇▇▇▇▇ preferred terms will be produced.
On the Closing Date, the Fiscal Agent shall deposit in the Refunding Escrow Account proceeds of the Certificates received from the State Treasurer pursuant to Section 3.02 and use such proceeds to establish the cash balances and to purchase the Government Obligations described in Exhibits B-1 through B- 12 attached hereto.