Bond Interest Account definition

Bond Interest Account means the Account of that name established within the Revenue Fund pursuant to Section 6.02 hereof.
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Bond Interest Account means the Account of that name established within the Revenue Fund pursuant to Section 6.02(a) hereof.
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Bond Interest Account means a bank account of the Issuer held with the bond interest account bank, as identified in the relevant security agreement, and pledged to the Bondholders and the Bonds Agent, on which the Issuer following (i) disbursement of the Net Proceeds shall ensure that SEK 50,000,000 to pre-fund two years of interest payments under the Bonds is deposited and (ii) disbursement of the Subsequent Net Proceeds shall ensure that SEK 30,000,000 to pre-fund one year of interest payments under the Bonds is deposited.
Sample 1

Examples of Bond Interest Account in a sentence

  • Funds invested for the Bond Interest Account, the Sinking Fund and the Rebate Fund shall mature prior to the time the funds invested will be needed for payment of principal and interest on the Bonds or rebate to the United States government.

  • Moneys in the Subordinated Bond Interest Account shall be used to pay interest on the Subordinated Bonds when due.

  • Interest earnings on investments in any Fund or Account shall be deposited in the Bond Interest Account of the Revenue Fund.

  • The Trustee shall deposit to the Subordinated Bond Interest Account moneys transferred from the Revenue Fund or any other another Fund as specified herein to the extent available for payment of interest on Subordinated Bonds.

  • If at any time funds on deposit in the Bond Interest Account are insufficient to provide for the payment of such interest, the City shall promptly deposit funds to such Account to cure such deficiency.

  • A Subaccount in the Senior Bond Interest Account of the Senior Debt Service Fund.

  • On June 2 of each year beginning in 2021, so long as no Event of Default has occurred and is continuing, the Trustee shall transfer all amounts on deposit in the Bond Interest Account to the Revenue Fund to be used for any lawful purpose.

  • At such time as the City delivers to the Trustee written notice that all Costs of Issuance have been paid or otherwise notifies the Trustee in writing that no additional amounts from the Costs of Issuance Fund will be needed to pay Costs of Issuance, the Trustee shall transfer all amounts then remaining in the Costs of Issuance Fund to the Bond Interest Account of the City unless otherwise directed by the City.

  • All amounts held at any time in the Bond Interest Account (including amounts deposited pursuant to Section 6.03) shall be held for the security and payment of interest on the Bonds pursuant to this Trust Agreement.

  • The Trustee shall deposit into the Series 2019 Subaccount of the Senior Bond Interest Account (a) amounts with respect to interest on the Series 2019 Bonds received from the Authority, as provided in the Agreement; and (b) any other amounts deposited with the Trustee for deposit in the Series 2019 Subaccount of the Senior Bond Interest Account or transferred from other funds and accounts for deposit therein.


More Definitions of Bond Interest Account

Bond Interest Account means the Account of that name established within the Revenue Fund pursuant to the Trust Agreement.
Sample 1
Bond Interest Account means the Bond Interest Account created and established as a part of the Project Fund by Section 3.01 hereof.
Sample 1
Bond Interest Account means the account so designated created pursuant to Section 402 of this Resolution.
Sample 1
Bond Interest Account means the trust account by that name established with the Debt Service Fund pursuant to the Agreement.
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Related to Bond Interest Account

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.