Bond Account definition

Bond Account means the Bond Account established in Section 213 hereof.

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Bond Account. As defined in Section 8.02.

Bond Account means the segregated trust account established in the name of the Indenture Trustee pursuant to Section [13] of the Terms Indenture and Section [8.02] of the Standard Indenture Provisions.

Examples of Bond Account in a sentence

• As provided in the Indenture, withdrawals from the Bond Account may be made from time to time for purposes other than, and, in certain cases, prior to, payments to Bondholders, such purposes including the reimbursement of certain expenses incurred by the Indenture Trustee under the Indenture.

• The EMD may be submitted in the form of Insurance Surety Bond, Account Payee Demand Draft, Fixed Deposit Receipt, Banker’s Cheque or Bank Guarantee from any of the public sector banks or a private sector bank authorized to conduct government business.

• If the Issuer makes such an advance, it shall be entitled to withdraw from the related Bond Account on any Payment Date the amount so advanced.

• If and to the extent provided in the Terms Indenture for any Series, the Indenture Trustee will be authorized and directed to pay out of the Bond Account for such Series, prior to making payments on the Bonds, the fees and expenses of the Owner Trustee in accordance with the related Deposit Trust Agreement, the fees of any of the Persons referred to in Section 3.09(b) assisting the Issuer with respect to such Series and the fees of any Rating Agency assigning a rating to the Bonds of such Series.

• Funds and other property in the Bond Account shall not be commingled with any other moneys or property of the Issuer or any Affiliate thereof.

More Definitions of Bond Account

Bond Account. The segregated trust account established and maintained by the Indenture Trustee pursuant to Section 8.02 of the Indenture.

Bond Account means the Limited General Obligation Bond Account, 2020, created within the Debt Service Fund by Section 13 of this resolution for the payment of the Bond.

Bond Account means the Minnesota state water pollution control bond account created in the state bond fund by section 116.17, subdivision 4;

Bond Account means, with respect to each Series of Bonds, the bond

Bond Account shall have the meaning assigned thereto in the Indenture.

Bond Account. The segregated trust account, which shall be an Eligible Account, established and maintained pursuant to Section 8.02 and entitled "Norwest Bank Minnesota, National Association, as Indenture Trustee for Fund America Investors Trust 1998-NMC1 Collateralized Mortgage Obligations, Series 1998-NMC1, Bond Account" on behalf of the Bondholders.

Bond Account means the bank account which Bond shall notify to the Purchaser at least 5 Business Days prior to any payment being required to be made to the Bond Account;