Bond Proceeds Subaccount definition

Bond Proceeds Subaccount means the Subaccount of the Construction Account created pursuant to and designated as such in Section 3.01 of the Master Indenture.
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Bond Proceeds Subaccount means the Bond Proceeds Subaccount of the Capitalized Interest Account in the Construction Financing Fund established pursuant to the Supplemental Indenture.
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Examples of Bond Proceeds Subaccount in a sentence

  • There shall be deposited into the Rebate Account: (i) moneys transferred to the Rebate Account from the Pledged Revenues Account pursuant to Section 3.03(c) hereof; (ii) moneys transferred to the Rebate Account from the Bond Proceeds Subaccount of the Construction Account pursuant to Section 3.04(c)(ii) hereof; and (iii) any other moneys received by the Trustee that are accompanied by directions that such moneys are to be deposited into the Rebate Account.

  • There shall be deposited into the appropriate Debt Service Reserve Account: (A) proceeds of any Series of Bonds as provided in the Supplemental Indenture pursuant to which such Series of Bonds is issued; (B) moneys transferred to such Debt Service Reserve Account from the Pledged Revenues Account pursuant to Section 3.03(c) hereof; and (C) any other moneys received by the Trustee that are accompanied by written directions that such moneys are to be deposited into the Bond Proceeds Subaccount.

  • If the amount on deposit in the Rebate Account at any time is greater than the amount required under the Tax Compliance Certificates, the excess shall be transferred to the Bond Proceeds Subaccount or the Debt Service Accounts, as directed in writing by the Transportation Enterprise.

Related to Bond Proceeds Subaccount

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • 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.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.