Establishment of Delinquency Management Fund Sample Clauses

Establishment of Delinquency Management Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the “Delinquency Management Fund,” to the credit of which a deposit shall be made as required by Sections 3.2, 3.4 and this Section 3.9. Moneys in the Delinquency Management Fund shall be held in trust by the Fiscal Agent for the benefit of the Owners of the Bonds and Additional Bonds, and shall be disbursed as provided below. [In no event shall any Bond proceeds be deposited in the Delinquency Management Fund.]
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