Bond Payment Account definition

Bond Payment Account means any and all funds and accounts as established in accordance with, and pursuant to, the Bond Agreement.
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Bond Payment Account means the Bond Payment Account of the State Street Project Special Fund established pursuant to Section 3 hereof.
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Bond Payment Account means the Account of such name created pursuant to Section 4.1 of the Indenture.
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Examples of Bond Payment Account in a sentence

  • Pursuant to the RAB Law, the Bond Payment Account shall not be commingled with other funds of the Township.

  • The Board further covenants that it shall establish procedures with the Comptroller whereby sufficient moneys shall be withdrawn from the Bond Payment Account and forwarded to the place of payment for the payments, if any, to be made under one or more Bond Enhancement Agreements with respect to the principal or interest on such Bonds.

  • After making the transfers for the benefit of the Bond Payment Account as provided above in this Section, other available moneys remaining in the Financial Assistance Account may, at the direction of the Board, be used for all of the purposes for which the Board may expend moneys in the Financial Assistance Account under Section 49- d-8.

  • After making the transfers for the benefit of the Bond Payment Account as provided above in this Section, other available moneys remaining in the Economically Distressed Areas Program Account may, at the direction of the Board, be used for all of the purposes for which the Board may expend moneys in the Economically Distressed Areas Program Account under Section 49-d-8.

  • The entire gross revenues and income derived from the operation of the Combined Utilities shall be set aside as collected and deposited in a separate fund hereby created and designated as the “Minden Combined Utilities Fund.” For purposes of allocating the monies in the Minden Combined Utilities Fund, the City shall maintain the following accounts: (1) Operation and Maintenance Account; (2) Bond Payment Account; (3) Debt Service Reserve Account; (4) Renewal and Replacement Account; and (5) Surplus Account.

  • The Board further covenants that it shall establish procedures with the Comptroller whereby sufficient moneys shall be withdrawn from the Bond Payment Account and forwarded to the place of payment for the payments, if any, to be made under one or more Bond Enhancement Agreements with respect to the principal or interest on such Financial Assistance Bonds.

  • Any notices, requests, and demands required or permitted to be provided under the Plan, in order to be effective, shall be in writing (including, without express or implied limitation, by facsimile transmission), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when actually delivered or, in the case of notice by facsimile transmission, when received and telephonically confirmed, addressed as follows: If to the Debtors: Eagle-Picher Industries, Inc.

  • Within the Purchase Fund, the Trustee shall establish four separate accounts to be designated the Remarketing Account, the Letter of Credit Account, the Commission Account and the Undelivered Bond Payment Account.

  • Monies deposited to the 2015 Reserve Account may be withdrawn, as needed, to provide funds to pay, when due, the principal of and interest on the 2015 Bonds issued pursuant to this Ordinance, if the Bond Payment Account contains insufficient funds for that purpose, and the City Treasurer is hereby authorized and directed to make such withdrawal if and when needed.

  • Amounts in the General Obligation Bond Payment Account shall be withdrawn as necessary to pay the principal of and interest and premium on the general obligation bonds issued by the City as the same become due; the moneys withdrawn for payment of the general obligation bonds issued by the City shall be deposited in the Debt Retirement Account created for the general obligation bonds, if established.


More Definitions of Bond Payment Account

Bond Payment Account means the Bond Payment Account established pursuant to Section 4.1.
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Bond Payment Account means account no. [•] in the name of the Paying Agent at
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Bond Payment Account means the Bond Payment Account in the Water Fund described in Section 3.2. “Bond Reserve Account” means the Bond Reserve Account in the Water Fund described in Section 3.3. “Bonds” means, the Series 2000 Bonds and any Parity Obligations.
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Bond Payment Account means the account of that name within the Debt Service Fund which is established by the Indenture.
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Related to Bond Payment Account

  • 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.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Investment Account As defined in Section 3.12(a).

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • 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.