Capitalized Interest Account. The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

Capitalized Interest Account means the account designated as such, established and maintained pursuant to Section 5.2.

Capitalized Interest Account means any Capitalized Interest account with respect to a Series of Bonds established within a Series Debt Service Account so designated in, and created pursuant to, Section 502 hereof and Supplemental Indenture issued under this Master Indenture, as authorized pursuant to this Master Indenture.

Examples of Capitalized Interest Account in a sentence

Any interest accruing on the Bonds from their date through the first Interest Payment Date received from the proceeds of the Bonds shall be deposited into the related Series Interest Account, and amounts received from the proceeds of the Bonds to be used for Capitalized Interest shall be deposited into the related Series Interest Account or Capitalized Interest Account as may be authorized or provided for by a Supplemental Indenture related to a Series of Bonds.
All income or gain (net of any losses) realized from any such investment of funds on deposit in the Capitalized Interest Account shall be credited to the Capitalized Interest Account.
If any funds remain in the Capitalized Interest Account at the end of the Conveyance Period, the Trustee shall make the transfer described in the preceding paragraph if necessary for the remaining Conveyance Period Distribution Date and the Trustee shall distribute any remaining funds in the Capitalized Interest Account to the order of the Depositor.
On the Closing Date, the Issuer shall deposit the Capitalized Interest Account Initial Deposit into the Capitalized Interest Account.
On the Closing Date the Seller shall remit the aggregate Capitalized Interest Requirement to the Trustee for deposit in the Capitalized Interest Account.

More Definitions of Capitalized Interest Account

Capitalized Interest Account means the account designated as such, established and maintained pursuant to Section 2.3(h) of the Administration Agreement.

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

Capitalized Interest Account means the account by that name established in the Debt Service Fund pursuant to the Second Resolution.

Capitalized Interest Account. The account established and maintained pursuant to Section 3.18 of the Servicing Agreement.

Capitalized Interest Account means the account of that name established in the Project Fund pursuant to Section 5.01 of this Indenture.

Capitalized Interest Account. The account established and maintained by the Securities Administrator pursuant to Section 4.07. Such account will not be an asset of any REMIC.