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 the account so designated created pursuant to Section 402 of this Resolution.
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Examples of Bond Interest Account in a sentence

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

  • 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.

  • When 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.

  • 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.

  • On [September] 2 of each year beginning in [2022], 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.


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.
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Bond Interest Account means the Bond Interest Account created and established as a part of the Project Fund by Section 3.01 hereof.
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Bond Interest Account means the trust account by that name established with the Debt Service Fund pursuant to the Agreement.
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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.
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