Interest Fund definition
Interest Fund means the fund by that name established pursuant to Section 5.02.
Interest Fund means the Fund by that name established pursuant to Section 5.01.
Interest Fund means the fund by that name established in accordance with Section 5.02 hereof.
Examples of Interest Fund in a sentence
Contract benefits placed under a variable payment plan may not be applied to the Guaranteed Interest Fund.
For transfers from the Guaranteed Interest Fund, amounts closest to expiration of an interest rate guarantee will be removed first.
Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment.
In the event that two amounts are equally close to expiration, the one which was applied to the Guaranteed Interest Fund earlier will be removed first.
The Accumulation Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund.
More Definitions of Interest Fund
Interest Fund. An Eligible Account that may be established for the purpose of making interest payments on Mortgage Loans for which the Trust is not due any payments until after the first Distribution Date. The amount of the Interest Fund, if any, shall be set forth in the Trust Agreement. The Interest Fund shall not be an asset of any REMIC but shall be for the benefit of the Certificateholders.
Interest Fund means the fund by that name established and held by the Trustee pursuant to Section 5.02 of the Trust Agreement.
Interest Fund means the fund by that name established in Section 5.04 herein.
Interest Fund. The Fund created and maintained by the Trustee pursuant to Section 4.03.
Interest Fund. The Fund created and maintained with the Paying Agent by the Trust pursuant to Section 4.03.
Interest Fund means the fund of that name established and created pursuant to the Indenture.
Interest Fund means the fund by that name established in Section 3.02 for the payment of interest with respect to the Note Participations.