Payment of the Bonds. The Trust shall duly and punctually pay or cause to be paid, but solely from the sources specified in the Master Trust Agreement and this Supplemental Trust Agreement, the principal or Redemption Price of and interest on the Bonds in accordance with the terms of the Bonds and the Master Trust Agreement and this Supplemental Trust Agreement with respect to the Bonds.
Payment of the Bonds. Principal of and premium, if any, and interest on the Series 2011 Bonds is payable in lawful money of the United States of America. The final payment of principal of, premium, if any, and interest on the Series 2011 Bonds shall be payable in immediately available funds at the corporate trust office of the Trustee at which this Agreement is administered upon surrender of the Series 2011 Bonds, and other payments shall be payable by check or draft mailed by the Trustee to the Bondholder at its address appearing on the Register as of the close of business on the Record Date; provided, however, that if the holder of Series 2011 Bonds or group of which such holder is a part holds Series 2011 Bonds aggregating $1,000,000 or more in outstanding principal amount and gives written notice thereof to the Trustee accompanied by sufficient wire transfer instructions, then payments of interest with respect to such Series 2011 Bonds shall be payable by wire transfer of immediately available funds.
Payment of the Bonds. The Borrowers agree that the principal of, premium, if any, and interest on the Bonds shall be made payable in accordance with the provisions of the Bond Indenture and this Loan Agreement. The Borrowers further agree that this Loan Agreement, the Series 2017 Obligation and payments to be made thereunder (excluding Unassigned Rights) and thereon shall be assigned and pledged to the Bond Trustee to secure the payment of the Bonds. The foregoing notwithstanding, the Borrowers agree that the moneys and securities, if any, on deposit in the Rebate Fund are not part of the “trust estate” and are not available to make payments of principal, premium, if any, and interest on the Bonds.
Payment of the Bonds. The principal or Redemption Price of, and interest on the Bonds shall be payable in lawful money of the United States of America. Payment of interest on the Bonds due on or before the maturity or prior redemption thereof shall be made only to the person whose name appears in the registration books required to be kept by the Trustee pursuant to Section 2.08 as the Owner thereof at the close of business on the Record Date next preceding the Interest Payment Date, such interest to be paid by check mailed on each Interest Payment Date by first-class mail to such Owner at his address as it appears on such books; provided, however, that in the case of an Owner of $1,000,000 or more in aggregate principal amount of Bonds then Outstanding, upon written request of such Owner to the Trustee specifying the account or accounts in the United States to which such payment shall be made, and received by the Trustee prior to the Record Date preceding such Interest Payment Date, the interest payment shall be made by wire transfer of immediately available funds on such Interest Payment Date to such account or accounts. (Any such written request shall remain in effect until terminated or changed by subsequent written request of the Owner.) Payment of the principal or Redemption Price of a Bond shall be made only to the person whose name appears in the registration books required to be kept by the Trustee pursuant to Section 2.08 as the Owner thereof, such principal and redemption premium, if any, to be paid only upon the surrender of the Bond at the Corporate Trust Office, where such Bonds are paid by the Trustee, at maturity or upon redemption prior to maturity. All such payments of interest on, or principal of, or redemption premium, if any, on any Bond shall be valid and effectual to satisfy and discharge the liability on such Bond to the extent of the sum or sums so paid.
Payment of the Bonds. The Board will pay or will cause to be paid, out of the revenues and receipts derived from the leasing or sale of the Project, the principal of and the interest and premium, if any, on the Bonds as specified therein, and it will otherwise perform all obligations that, either expressly or by reasonable implication, are imposed on it in the Indenture, and it will not default hereunder.
