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
For purposes of the second Quarterly Payment, the Paying Agent will calculate the interest due on the next Interest Payment Date based upon the total Purchase Price Installments funded at least three Business Days prior to the second Quarterly Payment Date and the second Quarterly Payment will be calculated so that the amount on deposit in the Interest Account after receipt of the second Quarterly Payment will equal interest payable on the Bond on the applicable Interest Payment Date.
Net investment earnings on the Accounts of each Fund will be credited to such Accounts except that investment earnings on the Principal Account of the Repayment Fund will be deposited in the Interest Account of the Repayment Fund.
More Definitions of Interest Account
Interest Account means the interest-bearing account for the Trust’s assets maintained with the Depository pursuant to the Deposit Account Agreement.
Interest Account means the account by that name within the Bond Fund established pursuant to Section 5.02.
Interest Account has the meaning ascribed thereto in Section 10.1(h);
Interest Account means the account by that name established in the Revenue Fund pursuant to Section 5.02.
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 shall have the meaning given to that term in Subparagraph 2.07(b).