Escrow Interest Account definition

Escrow Interest Account means the bank account of the Issuer with account number DKK 5078 1190132 (DK5850780001190132 / JYBADKKK) held with Jyske Bank into which any interest received under the Exchanged Existing Bonds, during the period from the First Issue Date up to the date when the conditions precedent for disbursement (as set out in Clause 4(b)) have been fulfilled, shall be deposited and which has been pledged in favour of the Agent and the bondholders (represented by the Agent) under the Escrow Accounts Pledge Agreement.
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Escrow Interest Account means the account by that name within the Escrow Fund
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Escrow Interest Account means the bank account of the Issuer with account number DKK 5078 0000000 (XX0000000000000000 / XXXXXXXX) held with Jyske Bank into which any interest received under the Exchanged Existing Bonds, during the period from the First Issue Date up to the date when the conditions precedent for disbursement (as set out in Clause 4(b)) have been fulfilled, shall be deposited and which has been pledged in favour of the Agent and the bondholders (represented by the Agent) under the Escrow Accounts Pledge Agreement.
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Examples of Escrow Interest Account in a sentence

  • In addition to the foregoing, amounts shall be disbursed from the Escrow Fund and the Escrow Interest Account as provided in Section 3.06(d) and (e).

  • The Trustee shall transfer from the Escrow Interest Account to the Interest Account on the Business Day prior to each Interest Payment Date an amount equal to the interest payable on the Deemed Escrow Bonds on the immediately succeeding Interest Payment Date.

  • Interest due on the Escrow Term Bonds to be redeemed on the date set for redemption shall be paid from funds available therefor in the Interest Account that were transferred from Escrow Interest Account.

  • If no successor escrow agent is appointed within such thirty (30) day period, the Escrow Agent may deposit the amount remaining in the Indemnity Escrow Account and Escrow Interest Account with a court of competent jurisdiction as provided in Section 5.8 hereof, whereupon the Escrow Agent shall be discharged of all duties and obligations hereunder.

  • Any interest that accrues on any portion of the Escrow Fund during the Term shall not be considered part of the Escrow Fund, but shall be deposited by the Escrow Agent in a segregated interest-bearing account (the "Escrow Interest Account") in the name of H.I.G. Cayman, as the Shareholder Representative, which account shall be under the sole control and dominion of H.I.G. Cayman, as the Shareholder Representative, except as set forth in Section 6.02 hereof.

  • The Escrow Agent shall provide all appropriate forms and documentation to the Representative (with copies thereof to the Surviving Company) so as to permit the Securityholders to file Tax Returns, and pay all Taxes with respect to income earned on (i) the Indemnity Escrow Account or (ii) the Escrow Interest Account, as the case may be.

  • Any payments of income from (i) the Indemnity Escrow Account, or the Escrow Interest Account, as the case may be, shall be subject to withholding regulations then in force with respect to United States Taxes.

  • In the event funds in the Escrow Interest Account are not sufficient (or are not withdrawn) to pay such interest, the Borrower shall be required to fund any shortfall by the time required for payment of interest in this paragraph.

  • All prepayments under this Section 2.11 shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment which may be paid from the Escrow Interest Account as otherwise provided in this Agreement.

  • The Escrow Agent shall provide any Form 1099 required to be provided in respect of the Deposit Interest Account to Buyer, and in respect of the Escrow Interest Account to the Shareholders, the Optionholders and H.I.G. Cayman.


More Definitions of Escrow Interest Account

Escrow Interest Account means the Account in the Escrow Fund by that name created and
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Escrow Interest Account means the Borrower’s segregated account established for the purposes described in this Agreement with the Administrative Agent or with a financial institution satisfactory to the Administrative Agent.
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Related to Escrow Interest Account

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

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.

  • 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.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • 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.

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

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Investment Account As defined in Section 3.12(a).

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

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

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

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • 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.

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