Credit Facility Proceeds Account definition

Credit Facility Proceeds Account means the account of that name established in the Purchase Fund pursuant to Section 5.03.
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Credit Facility Proceeds Account means the account so named in the Bond Purchase Fund.
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Credit Facility Proceeds Account means each account by that name created pursuant to Section 4.06(f) hereof.
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Examples of Credit Facility Proceeds Account in a sentence

  • DOC 3/11/2010 of 2010 Bonds into the related Series-designated Credit Facility Proceeds Account to the extent required for the purchase of 2010 Bonds of such Series, and shall hold all such moneys in trust for the exclusive benefit of the Bondholders who shall deliver 2010 Bonds to it for purchase until the 2010 Bonds purchased with such moneys shall have been delivered to it for the account of the related Credit Provider.

  • Moneys in a Series-designated Credit Facility Proceeds Account shall be used to pay the purchase price only of 2010 Bonds of such Series, and moneys received from the remarketing of 2010 Bonds of any Series, shall be used only to pay the purchase price only of 2010 Bonds of such Series.

  • The Tender Agent shall establish and maintain a special fund designated as the "Bond Purchase Fund" (herein called the "Purchase Fund") and within such fund two separate accounts for each Series of 2010 Bonds issued, designated, respectively, as the " Credit Facility Proceeds Account," and the " Remarketing Proceeds Account" (inserting therein the Series designation of such 2010 Bonds).

  • No moneys in any Credit Facility Proceeds Account or Remarketing Proceeds Account shall be commingled with other funds held by the Tender Agent, and all such money shall remain uninvested.

  • If at 3:30 p.m., New York City time, on any date of purchase of 2010 Bonds any balance remains in the applicable Credit Facility Proceeds Account of the Purchase Fund in excess of any unsatisfied purchase obligation, such excess shall be promptly returned to the related Credit Provider.

Related to Credit Facility Proceeds Account

  • 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.

  • 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.

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

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

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

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • 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.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • New Credit Facility is defined in Section 9.8.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.