Cure Account definition

Cure Account with respect to any Series shall have the meaning specified in the related Supplement, and "Cure Accounts" shall refer to all the Cure Accounts established for outstanding Series in accordance with the terms of the related Supplements.
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Cure Account has the meaning specified in Section 6.10(b).
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Cure Account means the account designated as the "Cure Account" established by the Securities Intermediary and set forth on the Transaction Schedule and any successor accounts established in connection with the resignation or removal of the Securities Intermediary.
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Examples of Cure Account in a sentence

  • The Issuer shall notify the Bondholders of any deposition of the Cure Amount on the Cure Account.

  • All regular projects and programmes that complete implementation will be subject to terminal evaluation by an independent evaluator selected by the Implementing Entity.

  • Upon a repayment of a Cure Amount or as long as any Cure Amount is deposited on the Cure Account, the calculation of the Interest Coverage Ratio shall be adjusted so that the Net Finance Charges for the Reference Period is reduced with an amount equal to the Cure Amount, multiplied with the average interest rate paid by the Company under the Bonds after taken into account payments and receipt under the hedging arrangements during the previous 12 month period.

  • Prior to the Maturity Date, all cash amounts in the MV Cure Account shall be invested in overnight Eligible Investments at the written direction of the Administrative Agent (as directed by the Required Financing Providers).

  • MV Cure Account (a) The Company shall cause all cash received by it in connection with an Market Value Cure to be deposited in the MV Cure Account or remitted to the Collateral Agent, and the Collateral Agent shall credit to the MV Cure Account such amounts received by it (and identified in writing as such) immediately upon receipt thereof.

  • Prior to the Maturity Date, all cash amounts in the MV Cure Account shall be invested in overnight Eligible Investments at the written direction of the Administrative Agent (as directed by the Required Lenders).

  • As long as any Cure Amount is deposited on the Cure Account, the calculation of the Net Interest Bearing Debt and/or Cash (as applicable) shall be adjusted so that the Net Interest Bearing Debt is reduced and/or Cash is increased (as applicable) on the relevant Reference Date with an amount equal to the Cure Amount.

  • The Agent may at any time, upon instruction by the Bondholders, apply the deposited Cure Amount on the Cure Account towards prepayment of the Bonds.

  • Upon a repayment of a Cure Amount or as long as any Cure Amount is deposited on the Cure Account, the calculation of Net Interest Bearing Debt to EBITDA shall be adjusted so that the Net Interest Bearing Debt for the Reference Period is reduced with an amount equal to the Cure Amount.

  • If there is a breach of the Maintenance Test, no Event of Default will occur if, within fifteen (15) Business Days of a delivery of a Compliance Certificate evidencing that breach, the Issuer has deposited an amount of New Equity sufficient to ensure compliance with the Maintenance Test, as at the relevant test date (the " Cure Amount") on a bank account (the "Cure Account") pledged in favour of the Bondholders and the Agent.


More Definitions of Cure Account

Cure Account means the account designated as such under Clause 16.1 (Designation of Accounts) and includes any replacement of that account.
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Cure Account shall have the meaning specified in Section 4.01(c).
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Cure Account means a bank account maintained by the Seller at the Cure Account Bank, which shall be subject to a Cure Account Control Agreement.
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Cure Account has the meaning set forth in Section 10.03(a). [*] – indicates deleted language 3 CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO RULE 24B-2
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Cure Account has the meaning set forth in Section 10.03(a).
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Related to Cure Account

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Collection Accounts As defined in Section 3.10(a).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Direct Account : means any Account which is not an ISA Account.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Expense Account The account established pursuant to Section 10.3(c).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.