1994-06-21 Minutes - Laserfiche WebLink

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First: To the payment of amounts, if • any, payable to the United States Treasury pursuant to Section hereof; Second: To the payment to the Persons entitled thereto of all installments of interest then due on the Bonds, with interest on overdue installments, if lawful, at the rate per annum borne- by the Bonds, in the order of the installments of such interest, and, if the amount available shall not be sufficient to pay in full any particular installment of interest, then to the payment ratably, according to the amount due on such installment, to the Persons entitled thereto without any discrimination or privilege; Third: To the payment to the Persons entitled thereto of the unpaid principal of any of the Bonds which shall have become due (other than Bonds called for redemption for the payment of which moneys are held pursuant to the provisions of this Indenture), with interest on such Bonds at their rate from the respective dates upon which they became due, in the order of their due dates, and, if the • amount available shall not be sufficient to pay in full Bonds due on any particular date, together with such interest, then to the payment ratably, according to the amount of principal and interest due on such date, to the Persons entitled thereto without any discrimination or privilege; Fourth: To the payment to the Persons entitled thereto of unpaid principal and interest due and owing on any Bonds, the payment of principal and interest of which has been extended in the manner described in Section 901 hereof; and Fifth: To the payment of any amounts owed to the Credit Facility Issuer under the Credit Facility. (b) If the principal of all the Bonds shall have become due or shall have been declared due and payable, all such moneys shall be applied (subject to the limitations imposed by the first sentence of this Section 907): 81