Acquisition Account definition

Acquisition Account means the subaccount of the Collection Account established under Section 4.1(a) of the Transfer and Servicing Agreement.

Acquisition Account means the Account so designated, which is created and established in the Program Fund by the Master Indenture. See "Program Fund; Acquisition Account" under this caption.

Acquisition Account means the Account so designated, which is created and established in the Program Fund by the Master Indenture.

Examples of Acquisition Account in a sentence

• There shall be paid into the 2024 Series D subaccount of the Acquisition Account the amounts specified by Section 4.1 hereof and any amounts specified in the Authority Request delivered pursuant to Section 4.3 hereof.

• The par amount of such 2024 Series D Xxxxxx Xxx Certificates shall be paid from the 2024 Series D subaccount of the Acquisition Account and any accrued interest on such 2024 Series D Xxxxxx Xxx Certificates shall be paid from the 2024 Series D subaccount of the Revenue Fund.

• The portion of the proceeds of the sale and delivery of the 2024 Series D Bonds deposited into the 2024 Series D subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2024 Series D Xxxxxx Xxx Certificates backed by 2024 Series D Mortgage Loans and (ii) up to $4,750,000 of Second Mortgage Loans.

• Any Second Mortgage Loans shall be purchased at par and paid from the 2024 Series D subaccount of the Acquisition Account.

• Amounts in the 2024 Series D subaccount of the Acquisition Account may be reserved for designated periods for (1) the purchase of 2024 Series D GNMA Certificates backed by 2024 Series D Mortgage Loans on Residential Housing located within designated areas within the State, (2) Eligible Borrowers meeting designated requirements and (3) Residential Housing meeting designated requirements, all as may be set forth in the Authority’s Program directives from time to time.

More Definitions of Acquisition Account

Acquisition Account means the Account so designated, which is created and established in the Program Fund by Section 5.1 of this Master Indenture.

Acquisition Account means the Acquisition Account established by the Trust Indenture. "Act 183" means Act No. 183, Public Acts of Michigan, 1964, as amended, being

Acquisition Account means the Issuer's bank account with a bank acceptable to the Agent which has been pledged under the Acquisition Account Pledge Agreement

Acquisition Account means the Acquisition Account established by the Trust Indenture. "Act 183" means Act Xx. 000, Xxxxxx Xxxx xx Xxxxxxxx, 0000, as amended, being Sections 830.411 to 830.425, inclusive, of Michigan Compiled Laws.

Acquisition Account means a bank account of the Issuer or an escrow account arrangement satisfactory to the Agent, in line with the terms of these Terms and Conditions, into which the Acquisition Amount and the Eligible Acquisition Amount will be transferred, and which has been pledged in favour of the Agent and the bondholders (represented by the Agent) under the Acquisition Account Pledge Agreement.

Acquisition Account means the account of such name within the Bond Fund established pursuant to Section 5.5 hereof.

Acquisition Account has the meaning assigned in Section 6.01. “Act” has the meaning assigned in Section 1.01.