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 Account in the Escrow Fund by that name created and
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Examples of Escrow Interest Account in a sentence

  • The Escrow Fund and the Escrow Interest Account shall be closed when no funds remain in such fund and account.

  • 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.

  • The Issuer shall ensure that all interest paid 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, are directed to the Escrow Interest Account and, should any such interest be paid to the Issuer, the Issuer shall immediately deposit such interest to the Escrow Interest Account.

  • There is also created within the Escrow Fund a separate Escrow Interest Account to be held by the Trustee, to the credit of which a deposit shall be made pursuant to Section 3.02(a)(ix).

  • 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.

  • 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 deposit $ in the Escrow Fund and $ in the Escrow Interest Account.

  • Moneys in the Escrow Fund and the Escrow Interest Account shall be held by the Trustee and, pending disbursement as hereinafter provided, shall be subject to a lien in favor of the Owners of the Escrow Term Bonds, and shall be administered as hereinafter provided.

  • The Issuer shall ensure that all interest paid 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 Clause4(b)) have been fulfilled, are directed to the Escrow Interest Account and, should any such interest be paid to the Issuer, the Issuer shall immediately deposit such interest to the Escrow Interest Account.

  • Any additional amounts transferred from the Escrow Fund and Escrow Interest Account to the Acquisition and Construction Fund in accordance with Section 3.11(b)(3)(iii) of the Bond Indenture shall also be applied to finance the construction and acquisition of the Facilities listed in Exhibit A.


More Definitions of Escrow Interest Account

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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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 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 means the trust account designated as such and established pursuant to Section 5.01(a).

  • 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 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.

  • 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, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • 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.

  • 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 As defined in Section 3.4(d).

  • 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 Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.