ICF Deposit Account definition

ICF Deposit Account. The account established pursuant to Section 309 of the ICF Indenture.
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Examples of ICF Deposit Account in a sentence

  • Any earnings on Eligible Investments in the ICF Collection Account, the ICF Cash Collateral Account, the ICF Deposit Account, the Casualty Account and each other ICF Securities Account shall be retained in each such account and be distributed in accordance with the terms of this Indenture.

  • The Servicer shall direct the investment of any cash deposited in the ICF Holding Account, the ICF Collection Account, the ICF Cash Collateral Account, the ICF Deposit Account, the Casualty Account and each other ICF Securities Account in such Eligible Investments as a Servicing Officer shall direct the ICF Indenture Trustee in writing.

  • ICF shall establish and maintain in the name of the ICF Indenture Trustee the ICF Deposit Account with the Corporate Trust Office of the ICF Indenture Trustee and amounts on deposit in such ICF Deposit Account, subject to Section 309(c) hereof, shall be applied only for the payment of any shortfall in amounts due and payable pursuant to clauses (I)(1) through (I)(10) and clause (I)(15) or clauses (II)(1) through (II)(10), as the case may be, of Section 302(b) of this Indenture.

  • For the avoidance of doubt, to the extent that funds on deposit in both the ICF Cash Collateral Account and the ICF Deposit Account are available to pay a shortfall in ICF Available Funds, amounts on deposit in the ICF Deposit Account shall be withdrawn and applied prior to the withdrawal of any amounts on deposit in the ICF Cash Collateral Account.

  • On the Closing Date, ICF shall deposit the ICF Required Deposit into the ICF Deposit Account.

  • The ICF Indenture Trustee shall cause to be kept and maintained reasonably adequate records pertaining to the ICF Collection Account, the ICF Cash Collateral Account, the ICF Deposit Account, the Casualty Account and each other ICF Securities Account and all receipts and disbursements therefrom.

  • The predecessor the ICF Indenture Trustee shall deliver to the successor the ICF Indenture Trustee all documents relating to the ICF Collateral, if any, delivered to it, together with any amount remaining in the ICF Collection Account, the ICF Cash Collateral Account, the ICF Deposit Account, the Casualty Account and each other ICF Securities Account.