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Financing- Trust Agreement
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Financing- Trust Agreement
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Last modified
9/19/2012 3:45:36 PM
Creation date
9/9/2011 4:19:16 PM
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Building
RecordID
10242
Title
Financing- Trust Agreement
Company
Marion County
BLDG Date
10/7/1998
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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~ shall be as soon as practicable and in any event prior to the expiration date of <br />'- such Credit Facility; <br />3 <br />`~ (ii) promptly draw upon or demand payment under such Insurance <br />~ Policy in an amount equal to the lesser of: <br />6 <br />~ (I) the fiill amount available to be drawn under such Credit <br />g Facility; or <br />9 <br />~~ (II) the amount needed to pay all amounts to be due with <br />~~ respect to such Certificates through the date f7xed for payment <br />~'- thereof; and <br />~3 <br />~`~ (iii) apply the amount so drawn or paid to the payment of such <br />~~ Certificates on the date fixed for payment thereof; and <br />16 <br />-~ (b) if the Credit Facility provides that the related Credit Provider shall have <br />1 g the option of either paying the principal and interest owing on the related Certificates <br />~ 9 in connection with such acceleration (herein called the "Acceleration Option") or <br />?~ keeping the related Certificates outstanding and paying the scheduled principal of <br />? 1 and interest thereon as the same become due in accordance with their stated due dates <br />?? (without regard to such acceleration), the Trustee shall: <br />~; <br />'-`~ (i) until such time as the related Credit Provider shall exercise its <br />-'~ Acceleration Option, continue to demand payment under the related Credit <br />'-6 Facility of amounts sufficient to pay when due the scheduled principal of and <br />?~ interest on the related Certificates as the same become due in accordance with <br />?g their stated due dates (without regard to such acceleration); and <br />~9 <br />~~ (ii) as such time as the related Credit Provider shall have exercised its <br />~ ~ Acceleration Option: <br />32 <br />» (I) promptly fix a date for payment of all amounts owing <br />~~ under the related Certificates from moneys drawn or paid under the <br />~~ Credit Facility securing such Certificates, which date shall be as soon <br />~6 as practicable and in any event prior to the expiration date of such <br />~~ Credit Facility; <br />38 <br />~9 (II) promptly draw upon or demand payment under such <br />ao Insurance Policy in an amount equal to the lesser of the full amount <br />~~ available to be drawn under such Credit Facility, or the amount <br />a'- needed to pay all amounts to be due with respect to such Certificates <br />~~ throu~h the date fixed for payment thereof; and <br />FIN.aNCING AND TRUST AGREEMENT PAGE ~ <br />
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