Interest Coverage Account definition

Interest Coverage Account. The account established and maintained pursuant to Section 4.08, as defined therein.
Sample 1Sample 2Sample 3
Interest Coverage Account means the account or sub-account established and maintained pursuant to Section 5.11 and which shall be an Eligible Account or sub-account of an Eligible Account.
Sample 1Sample 2Sample 3
Interest Coverage Account. The account established and maintained pursuant to Section 4.08, which amount, to be paid by the Depositor to the Trustee on the Closing Date equals $0.
Sample 1Sample 2

Examples of Interest Coverage Account in a sentence

  • At no time will the Interest Coverage Account be an asset of any REMIC created hereunder.

  • Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

  • If a marketable age-appropriate formulation cannot be developed, complete documentation of your attempts and a detailed explanation of why the attempts were unsuccessful will need to be submitted.

  • The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Trustee by the Depositor.

  • As Figure 1 illustrates, this process builds on the current service arrangement data and results in an updated service arrangement, containing additional service instance requests and their parameter values.


More Definitions of Interest Coverage Account

Interest Coverage Account. The Group I Interest Coverage Account or the Group II Interest Coverage Account, as applicable.
Sample 1Sample 2Sample 3
Interest Coverage Account. The account or sub-account established and maintained by the Trustee pursuant to Section 4.08(a) and which shall be an Eligible Account or a sub-account of an Eligible Account.
Sample 1Sample 2
Interest Coverage Account. The account established and maintained by the Indenture Trustee pursuant to Section 8.09 of the Indenture.
Sample 1Sample 2Sample 3
Interest Coverage Account. The account established and maintained pursuant to Section 2.5 of this Agreement.
Sample 1Sample 2Sample 3
Interest Coverage Account. As defined in Section 3.27.
Sample 1Sample 2
Interest Coverage Account. A trust account that the Trustee will establish for the benefit of the Certificateholders.
Sample 1Sample 2Sample 3
Interest Coverage Account. An account established and held by the Trust Administrator pursuant to Section 3.27.
Sample 1Sample 2Sample 3