Bond Escrow Account definition

Bond Escrow Account means a blocked CSD escrow account in the name of the Issuer, to which the Existing Bonds (received as payment-in-kind for the Initial Temporary Bonds) will be credited. The Bond Escrow Account shall be pledged to the Bond Trustee on behalf of the holders of Initial Temporary Bonds under the Bond Escrow Account Pledge.

Bond Escrow Account means an account in the CSD to which all the Roll-Over Bonds shall be transferred, blocked and pledged on first priority as security for the Issuer’s obligations under the Finance Documents if required by the Bond Trustee.

Bond Escrow Account means the escrow client account in the name of NT Services AS holding with the Securities Depository to which the Roll-Over Bonds related to Existing Bonds shall be credited, which account shall be subject to the Bond Escrow Account Pledge.

Examples of Bond Escrow Account in a sentence

• The Security Bond, Escrow Account, Verified Check or Cash will be in the total amount of both the performance guarantee and the maintenance guarantee.

• The guarantee of both performance and maintenance will be in the form of a Security Bond, Escrow Account, Verified Check or Cash.

• The Community will not release the Security Bond, Escrow Account, Verified Check or Cash guarantee until the Community Engineer has inspected the site to ensure that the guaranteed item(s) have been completed and/or removed.

• The Security Bond, Escrow Account, Verified Check or Cash will be used by the Community to complete any guaranteed construction or removal of improvements or temporary and permanent soil erosion, sediment, and other wastes control practices that are not adequately completed, maintained or removed by the owner in a timely manner, as determined by the Community Engineer.

• In such event, the Community shall require a Security Bond, Escrow Account, Certified Check or Cash to guarantee that such deferred improvements will be properly constructed or installed within an agreed specified time, but not to exceed six (6) months after the filing of such final plat.

More Definitions of Bond Escrow Account

Bond Escrow Account means an account in the name of the Issuer established in the CSD to which the Existing Bonds (used as payment-in-kind for the Initial Temporary Bonds) will

Bond Escrow Account means an account in the name of the Issuer, with the CSD, pledged and blocked on first priority in favour of the Bondholders holding Temporary Bonds as security for the Issuer’s obligations under the Finance Documents in respect of the Temporary Bonds.

Bond Escrow Account means the CSD account in the name of the Issuer established prior to the Issue Date, to which the Existing Bonds (received as payment-in-kind for the Initial Temporary Bonds) will be credited.

Bond Escrow Account means an account in the name of the Issuer established in the CSD to which the Existing Bonds (used as payment-in-kind for the Initial Temporary Bonds) will be credited once all conditions precedent referred to in paragraph (a) of Clause 6.1 (Conditions precedent for disbursement to the Issuer) have been satisfied or waived.

Bond Escrow Account means an escrow account in the name of the Issuer with the CSD, blocked and pledged on first priority in favour of the Bond Trustee (on behalf of the holders of the Settlement Bonds).

Bond Escrow Account means a CSD account in the name of the Issuer, blocked and pledged on first priority as security for the Issuer’s obligations under and in respect of the Temporary Bonds under the Finance Documents.

Bond Escrow Account means a blocked CSD account in the name of the Issuer, to which the Existing Bonds (received as payment-in-kind for the Initial Temporary Bonds) will be credited, and which shall be blocked and pledged on first priority as Security to the Bond Trustee (on behalf of the Bondholders holding Initial Temporary Bonds) for the Issuer's obligations under the Finance Documents.