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
The Issuer shall deposit with the Trustee: (i) $ of the proceeds from the sale of the Series 2024 Bonds in the Bond Issuance Expense Account of the Construction Fund and used to pay Bond Issuance Costs pursuant to Section 4.4(b) of the Indenture; and (ii) $ of the proceeds from the sale of the Series 2024 Bonds in the Capitalized Interest Account of the Construction Fund and used to pay capitalized interest through and including February 1, 2027.
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 Capitalized Interest Account established in accordance with Section 7.2 hereof and maintained by the Trustee.
Capitalized Interest Account. The account established and maintained pursuant to Section 3.18 of the Servicing Agreement.
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.
Capitalized Interest Account means the account designated as such and established pursuant to Section 4.01 and maintained pursuant to Section 4.06.