Collateral Payments definition

Collateral Payments means Eligible Funds paid to the Trustee for the benefit of the Borrower with respect to the repayment of the Loan for deposit into the Collateral Fund pursuant to Section 4.02 of the Loan Agreement and Section 4.06 hereof as a prerequisite to the advance of money in the Project Fund.

Collateral Payments means Eligible Funds paid by the Lender for the benefit of the Borrowers in respect to the repayment of the Loans, to the Trustee for deposit into the Collateral Fund pursuant to the Loan Agreements and the Indenture as a prerequisite to the disbursement of money held in the Project Fund.

Collateral Payments means Eligible Funds delivered to the Trustee, for the benefit of the Borrower, for deposit into the Collateral Fund pursuant to the Loan Agreement and this Indenture as a prerequisite to the advance of money from the Bond Proceeds Account.

Examples of Collateral Payments in a sentence

• All such Collateral Payments shall be paid to the Trustee for the account of the Issuer and shall be held in the Collateral Fund and disbursed in accordance with the provisions of the Indenture.

• Notwithstanding any provision of the Loan Agreement or the Disbursement Agreement or any other provision of this Indenture to the contrary, the Trustee shall not disburse money from the Project Fund, other than to pay Bond Service Charges on the Bonds, unless and until Collateral Payments or other Eligible Funds in an amount equal to or greater than the requested disbursement amount have been deposited in the Collateral Fund.

• Notwithstanding any provision of the Loan Agreement or any other provision of this Indenture to the contrary, the Trustee shall not disburse money from the Bond Proceeds Account, other than to pay principal of, redemption premium, if any, and interest on the Bond when due, unless and until Collateral Payments or other Eligible Funds in an amount equal to or greater than the requested disbursement amount have been deposited into the Collateral Fund.

• Collateral Payments will not be used to pay for Developments costs.

• The Trustee shall deposit in the Collateral Fund all Collateral Payments received pursuant to the Disbursement Agreement and Section 4.2 of the Loan Agreement and any other Eligible Funds received by the Trustee for deposit into the Collateral Fund.

More Definitions of Collateral Payments

Collateral Payments shall have the meaning ascribed to that term in Section 3 herein.

Collateral Payments shall have the meaning assigned thereto in SECTION 10(A) hereof.

Collateral Payments means all payments and other sums due or to become due with respect to any Warehouse Collateral.

Collateral Payments means Eligible Funds to be paid by or on behalf of the Borrower, to the Trustee for deposit into the Collateral Fund pursuant to Section 4.06 of the Loan Agreement and Section 4.13 hereof as a prerequisite to the disbursement of money held in the Project Fund.

Collateral Payments means the amounts, consisting of either (a) proceeds of draws on a Letter of Credit received by the Trustee or (b) other Eligible Funds paid by or for the benefit of the Borrower in respect to the repayment of the Loan, to the Trustee for deposit into the Collateral Fund pursuant to Section 4.2 of the Loan Agreement and the Funding Agreement and Section 4.06 hereof as a prerequisite to the advance of money in the Project Fund.

Collateral Payments means any principal, interest or other sum from time to time payable to the Borrower under, pursuant to or in respect of the Collateral.

Collateral Payments has the meaning assigned thereto in the Pledge and Security Agreement.