Bond Principal Account definition

Bond Principal Account means the Account of that name established within the Revenue Fund pursuant to Section 6.02 hereof.
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Bond Principal Account means the Account of that name established within the Revenue Fund pursuant to Section 6.02(a) hereof.
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Bond Principal Account means the trust account by that name established with the Debt Service Fund pursuant to the Agreement.
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Examples of Bond Principal Account in a sentence

  • Moneys in the Subordinated Bond Principal Account shall be used to pay principal of the Subordinated Bonds when due.

  • The Trustee shall deposit to the Subordinated Bond Principal Account moneys transferred from the Revenue Fund or any other another Fund as specified herein to the extent available for payment of principal (other than on redemption) of Subordinated Bonds.

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

  • References to the SLB Interest Account contained in the Certificate of the Executive Director shall be deemed references to the SLB Principal and Interest Account and references to the SLB Term Bond Principal Account contained in the Certificate of the Executive Director shall be deemed references to the SLB Principal and Interest Account.

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

  • The Trustee shall establish separate sub-accounts in the Series 2023-A Subaccount of the Senior Bond Principal Account for each source of deposit (including any investment income thereon) made into the Series 2023-A Subaccount of the Senior Bond Principal Account so that the Trustee may at all times ascertain the date of deposit, the amounts, and the source of the funds in each sub-account.

  • The Trustee shall deposit into the Series 2019 Subaccount of the Senior Bond Principal Account (a) amounts with respect to principal of 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 Principal Account or transferred from other funds and accounts for deposit therein.

  • Earnings on all other amounts in the Series 2020-A Subaccount of the Senior Bond Principal Account shall be retained in such Subaccount.

  • Upon the receipt of such statement, the Treasurer shall transfer any remaining balance in the Construction Fund which is not needed for Construction Fund purposes (but less the amount of any such retention, which amount shall be certified to the Treasurer by the Executive Director or the Chief Operating Officer of the Authority) to the Trustee for deposit in the 2020A Bond Principal Account for payment of the principal of the Bonds in accordance herewith.

  • A separate Subaccount to be held by the Trustee is hereby created within the Senior Bond Principal Account of the Senior Debt Service Fund to be designated as the “Series 2020-A Subaccount of the Senior Bond Principal Account.” Amounts in the Series 2020-A Subaccount of the Senior Bond Principal Account will be disbursed to pay principal of the Series 2020-A Bonds pursuant to the Agreement and this Thirty-First Supplemental Agreement.


More Definitions of Bond Principal Account

Bond Principal Account means the Account of that name established within the Revenue Fund pursuant to the Trust Agreement.
Sample 1
Bond Principal Account means the account so designated created pursuant to Section 402 of this Resolution.
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Related to Bond Principal Account

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Principal Account(s means deposit accounts of the Fund or a Portfolio carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

  • 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.

  • Finance Charge Account is defined in Section 4.9(a).

  • Note Account As defined in the Indenture.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

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

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

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

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Full Unscheduled Principal Receipt Any Unscheduled Principal Receipt with respect to a Mortgage Loan (i) in the amount of the outstanding principal balance of such Mortgage Loan and resulting in the full satisfaction of such Mortgage Loan or (ii) representing Liquidation Proceeds other than Partial Liquidation Proceeds.

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).