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

  • Earnings on investments held in the Bond Proceeds Subaccount of the Project Fund (if any), the Bond Fund, the Rebate Fund and the Replacement Reserve Fund shall be retained in the respective fund or account and applied to the respective purposes thereof.

  • The Bonds are subject to mandatory redemption, in whole or in part, unless the Significant Bondholder agrees otherwise, in the event that the amount on deposit in the Bond Proceeds Subaccount of the Project Fund are transferred to the Redemption Fund pursuant to Section 6.02(f) or Section 6.02(g), on the first Business day following such transfer for which 30 days’ notice of redemption can be given.

  • The Project Fund shall consist of the Bond Proceeds Subaccount, the Borrower Contribution Subaccount and the Issuer Loan Subaccount.

  • The Project Fund shall consist of the Bond Proceeds Subaccount and the Borrower Contribution Subaccount.

  • The DVCHC will seek to render a decision on acceptance or denial of the application within fifteen (15) business days.

  • Pursuant to Section 3.2(b)(ii) of the Development Agreement, on the Final Authority Contribution Date, the Authority shall make or cause to be made a deposit of the balance of the Authority Contribution Amount (after giving effect to the deposits set forth in Section 3.2(a) hereof) into the Authority Bond Proceeds Subaccount of the Authority Contribution Trust Account.

  • The Company provides policy and claim processing services to 38 state CAIP’s, 2 SRDP’s, and one SAIP.

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

  • No disbursement from the Bond Proceeds Subaccount may be used for any purpose other than the payment of, or reimbursement for the payment of, Project Costs.

  • There shall be deposited into the Bond Proceeds Subaccount: (A) proceeds of each Series of Bonds (other than TIFIA Bonds) as provided in the Supplemental Indenture pursuant to which such Series of Bonds is issued; (B) moneys transferred to the Bond Proceeds Subaccount from the Rebate Account pursuant to Section 3.07 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.

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.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • 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.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • 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).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • 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 Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Expense Account The account established pursuant to Section 10.3(c).