Examples of Cost of Issuance Account in a sentence
The Issuer shall make a deposit into the Cost of Issuance Account on the Closing Date in an amount equal to $2,143,197.
Commencing 60 days after the Closing Date, the Indenture Trustee shall remit funds, if any, remaining in the Cost of Issuance Account as directed in writing by the Administrator.
Upon receipt of written instructions from the Administrator, the Indenture Trustee shall remit funds on deposit in the Cost of Issuance Account to pay the costs and expenses incurred by the Issuer in connection with issuing the Notes.
The Cost of Issuance Account shall not be a Trust Account and the Noteholders shall have no interest in the amount deposited therein.
The Cost of Issuance Account initially will be established as a segregated account at U.S. Bank National Association in the name of the Indenture Trustee.