Interest Account definition

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

Interest Account means the account by that name established and held by the Trustee pursuant to Section 4.03(a).

Interest Account means an interest bearing account described as such in the name of the Issuer with the Account Bank into which Interest Proceeds are to be paid.

Examples of Interest Account in a sentence

• Interest earnings on investments in any Fund or Account shall be deposited in the Bond Interest Account of the Revenue Fund.

• On July 2 of each year beginning in 2020, so long as no Event of Default has occurred and is continuing, the Trustee shall transfer all amounts on deposit in the Bond Interest Account to the Revenue Fund to be used for any lawful purpose.

• All amounts held at any time in the Bond Interest Account (including amounts deposited pursuant to Section 6.03) shall be held for the security and payment of interest on the Bonds pursuant to this Trust Agreement.

• A market value adjustment of the Compound Interest Account may also apply if current interest rates are higher than the interest rate of the deposit being Your Plan Administrator has the required forms.

• Transfers from a compound Interest Account (1 through year) may incur a market value adjustment if the transfer is made prior to maturity of that account.

More Definitions of Interest Account

Interest Account means the account by that name within the Bond Fund established pursuant to Section 5.02.

Interest Account means the interest-bearing account for the Trust’s assets maintained with the Depository pursuant to the Deposit Account Agreement.

Interest Account has the meaning ascribed thereto in Section 10.1(h);

Interest Account means an interest-bearing account of the Issuer with the Account Bank into which Interest Proceeds are to be paid.

Interest Account means a hypothetical investment account bearing interest at the rate of one hundred and twenty percent (120%) of the applicable federal long-term rate, compounded annually, and set as of the first day of each Plan Year.

Interest Account means the trust account by that name established in the Bond Fund pursuant to Section 6.01 hereof.

Interest Account shall have the meaning given to that term in Subparagraph 2.07(b).