Debt Service Accrual Account definition

Debt Service Accrual Account means each Pari Passu Notes Interest Accrual Account;
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Debt Service Accrual Account has the meaning, for the purpose of any Continuing Document, given to that term in schedule 5 (Continuing Documents) of the Intercreditor Agreement.
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Debt Service Accrual Account has the meaning assigned to such term in Section 2.02(a)(v).
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Examples of Debt Service Accrual Account in a sentence

  • If, on any date on which the Debt Service in respect to Secured Obligations is due and payable, the amounts on deposit in the Debt Service Accrual Account are not sufficient to pay the full amount of such Debt Service then due and payable, the Collateral Agent shall withdraw from the Debt Service Reserve Account an amount equal to such deficiency and transfer such amounts to the Debt Service Accrual Account to be applied in payment thereof.

  • EDC WGQ may only withdraw from the Debt Service Accrual Account (WGQ) on an Interest Payment Date to apply all amounts standing to the credit of the Debt Service Accrual Account (WGQ) towards the payment of all amounts due on that Interest Payment Date under the Finance Documents.

  • Within fourteen (14) days after the date of this Agreement, the Borrower shall provide the Facility Agent the evidence that the Debt Service Accrual Account has been established with the Account Bank.

  • The amount to be transferred from the Insurance Proceeds Account to [the Company for the purpose of Restoring the Affected Property] [the Debt Service Accrual Account for prepayment of the Loans] [the Company to use in its sole discretion] is $[ ].

  • On the Escrow Release Date, the Issuer will deposit into the Debt Service Accrual Account an amount in cash equal to the amount of one (1) semi-annual interest payment under the Notes.

  • All employees must work their equal share of holidays and, except where mutually otherwise agreed, rotate holidays worked.

  • Temporary investments as at June 30, 2010 and December 31, 2009 consist of: Unit : Thousand Baht Bank deposits in savings accounts 1,995,034 535,196 589,696 7,686 Fixed deposits 364,888 126,748 Bills of exchange - 500,000 2,359,922 1,161,944 589,696 7,686 Temporary investments of the Company represent bank deposits in Debt Service Accrual Account, which is for the purpose of repayment of the Company’s debentures.

  • Trust Fund with Specific Use (Continued) Debt Service Accrual Account: The debt service accrual account shall be funded from the amounts received from the collection account pursuant to the accounts’ waterfall established under the Panamanian trust.

  • As of 30 September 2016 and 31 December 2015, restricted cash represents overpayment of interest on long-term bank loans which is considered as prepaid interest by the bank, time deposit which is used as Letter of Credit guarantee and Debt Service Accrual Account (Note 18).

  • Pada 30 September 2016 dan 31 Desember 2015, kas yang dibatasi pengunaannya merupakan kelebihan pembayaran bunga utang bank jangka panjang yang dianggap sebagai pembayaran bunga diterima di muka oleh bank dan cadangan pembayaran bunga atas wesel bayar (Debt Service Accrual Account) (Catatan 18).


More Definitions of Debt Service Accrual Account

Debt Service Accrual Account has the meaning given to that term in Clause 18.1(a)(iii) (The Accounts).
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Debt Service Accrual Account shall have the meaning assigned to such term in the Collateral Agency Agreement.
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Debt Service Accrual Account means the Account so designated in Schedule 7 (Accounts).
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Debt Service Accrual Account means an account:
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Related to Debt Service Accrual Account

  • 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.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • 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.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Note Account As defined in the Indenture.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.