Funding 2 GIC Account definition

Funding 2 GIC Account means the account in the name of Funding 2 held at the Account Bank and maintained subject to the terms of the Funding 2 Guaranteed Investment Contract, the Bank Account Agreement and the Funding 2 Deed of Charge, or such additional or replacement bank account as may for the time being be in place with the prior consent of the Funding 2 Security Trustee and confirmation from the Rating Agencies that the then current ratings of the Notes will not be adversely affected thereby.
Sample 1Sample 2
Funding 2 GIC Account means the account in the name of Funding 2 (sort code 30-00-59, account number 150858) held at Northern Rock, and maintained subject to the Funding 2 Guaranteed Investment Contract and the Funding 2 Bank Account Agreement and such additional or replacement accounts as may for the time being be in place with the prior consent of the Funding 2 Security Trustee;
Sample 1Sample 2

Examples of Funding 2 GIC Account in a sentence

  • The Cash Manager undertakes (to the extent to which the same is within its control) that at the Funding 2 Programme Date the Funding 2 GIC Account will be operative and that the Cash Manager will not knowingly create or permit to subsist any Security Interest in relation to the Funding 2 GIC Account other than as created under or permitted pursuant to the Funding 2 Deed of Charge.

  • As and from the date of such Master Intercompany Loan Acceleration Notice, the Funding 2 GIC Provider shall comply with the directions of the Funding 2 Security Trustee in relation to the Funding 2 GIC Account.

  • To note the Council’s performance in respect of comments, complaints, and compliments and Ombudsman investigations for 2020/21 and to refer the report to all Scrutiny Committees (Sections 4 and 5 to the People Scrutiny Committee only).

  • The Funding 2 GIC Provider confirms that (on the instructions of Funding 2) the Funding 2 GIC Account has been opened in its books in the name of Funding 2, and it agrees to accept on deposit in the Funding 2 GIC Account all monies transferred, from time to time to that account, subject to and upon the terms of this Agreement, the Bank Account Agreement, the Cash Management Agreement and the Funding 2 Deed of Charge.

  • All amounts received in respect of any Authorised Investments (including any amounts received as a result of a disposal under paragraph (b) below) will be deposited into the Funding 2 GIC Account, the Funding 2 Collateralised GIC Account or the Funding 2 Eligible Bank GIC Account, as applicable.

  • The Cash Manager undertakes (to the extent to which the same is within its control) that it will not knowingly create or permit to subsist any Security Interest in relation to the Funding 2 GIC Account other than as created under or permitted pursuant to the Funding 2 Deed of Charge.

  • Pending an application of the Full Repayment Amount, as described above, such proceeds shall be credited to the Funding 2 GIC Account and shall not be available for any other purpose.

  • As and from the date of such Master Intercompany Loan Acceleration Notice, the Funding 2 GIC Provider shall comply with the directions of the Security Trustee in relation to the Funding 2 GIC Account.

  • Donor funding for such measures has been available since it became accepted in the mid-1990s that such measures are part of the ‘cost of doing business’ in any conflict environment.

  • Following termination of the Funding 2 Bank Account Agreement and/or closing of the Funding 2 GIC Account in accordance with the Funding 2 Bank Account Agreement, Funding 2 or the Funding 2 Security Trustee may terminate this Agreement by serving a written notice of termination on the Funding 2 GIC Provider.

Related to Funding 2 GIC Account

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

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

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • 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 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.

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

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

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

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • 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.

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

  • Principal Account(s means deposit accounts of the Fund or a Portfolio carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

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

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

  • 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.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • 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.

  • Administration Account As defined in Section 7.02.

  • 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.

  • 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:

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

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