Interest Payment Account definition

Interest Payment Account means each of the Senior Notes Interest Payment Account, the Senior Subordinated Notes Interest Payment Account and the Subordinated Notes Interest Payment Account.

Interest Payment Account means the account wherein the interest amount due to be paid by the borrower/issuer is deposited.

Interest Payment Account has the meaning assigned to such term in the Collateral Agency Agreement.

Examples of Interest Payment Account in a sentence

• Any money deposited in the Principal and Interest Payment Account pursuant to this Section shall be used to redeem Outstanding Bonds at their earliest optional redemption date.

• All Debt Service Advances shall be deposited into the Senior Notes Interest Payment Account.

• In the event funds remain on hand in the Project Fund on the date the Certificate of Completion is furnished to the Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the Principal and Interest Payment Account on the earlier of receipt of the Certificate of Completion or the Completion Date and shall be applied in accordance with the provisions of the Indenture.

• The Supplemental Interest Trust shall hold a trust account at the corporate trust office of the Trustee; the "Supplemental Interest Payment Account" to be held by the Trustee in its name on behalf of the Supplemental Interest Trust.

• The Issuer reserves and the Company covenants and agrees to pay to the Trustee hereinafter provided and in the Indenture designated, for the account of the Issuer and during the Basic Term, for deposit in the Principal and Interest Payment Account referred to herein and in the Indenture established, on each Basic Rent Payment Date, Basic Rent in immediately available funds.

More Definitions of Interest Payment Account

Interest Payment Account means the account established by the Borrower with the Disbursement Agent pursuant to the Borrower Collateral Account Agreement into which the proceeds of the Loans shall be deposited by the Administrative Agent from time to time.

Interest Payment Account means the account referenced in Section 2.3.5 of the Disbursement Agreement and established pursuant to the Company Collateral Account Agreements.

Interest Payment Account means the account designated as such, established and maintained pursuant to Section 5.01.

Interest Payment Account shall have the meaning assigned to such term in Section 2.2(e).

Interest Payment Account means the account referenced in Section 2.3.6 of the Disbursement Agreement and established pursuant to the Company Collateral Account Agreements.

Interest Payment Account has the meaning ascribed thereto in the Cash Collateral and Disbursement Agreement.

Interest Payment Account means the Interest Payment Account of the CFC Debt Service Fund created in Section 5.01 of this CFC Master Trust Agreement.