Interest Proceeds Account definition

Interest Proceeds Account shall have the meaning specified in the Collateral Administration Agreement.

Interest Proceeds Account means the account of that name in the name of the Issuer with the Account Bank or any further or other account so named or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(ii) (Interest Proceeds Account).

Interest Proceeds Account means the account in the name of the Issuer, the details of which are set forth in the Agency and Account Bank Agreement, held with the Account Bank through which the Issuer will finance the payment of interest on the Notes and fund Interest Facility Loans to the New VFZ Facilities Borrower. See “General Description of VodafoneZiggo’s Business, the Issuer and the Offering—Overview of the Structure of the Offering of the Notes”.

Examples of Interest Proceeds Account in a sentence

For the avoidance of doubt, no Restricted Payments may be made except from the Interest Proceeds Account or, prior to the end of the Availability Period, the Principal Proceeds Account.
In addition, on any date, the Borrowers may direct the Account Bank in writing (with a copy to the Collateral Administrator) to apply Interest Proceeds on deposit in the Interest Proceeds Account to the payment of the purchase price of a Collateral Asset acquired in accordance with this Agreement against Delivery of such Asset or to fund any draw requests of the relevant obligors under any Collateral Asset that is a Revolving Loan or Delayed Drawdown Loan.

Interest Proceeds Account means the interest bearing account described as such in the name of the Issuer with the Account Bank into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(ii) (Interest Proceeds Account).

Interest Proceeds Account as defined in the Custodian Agreement.

Interest Proceeds Account means the account established and designated as such under the Collateral Administration Agreement.

Interest Proceeds Account means an interest bearing account described as such in the name of the Issuer held with the Account Bank or any further or other account described as such or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(ii) (Interest Proceeds Account).

Interest Proceeds Account means the account of the Borrowers established by the Account Bank and designated as such pursuant to the DACA.

Interest Proceeds Account as defined in the Custodian Agreement. “Investments”: for any Person, (a) Capital Stock, bonds, notes, debentures or other securities of any other Person or any agreement to acquire any Capital Stock, bonds, notes, debentures or other securities of any other Person (including any “short sale” or any sale of any securities at a time when such securities are not owned by the Person entering into such sale); (b) deposits, advances, loans, capital contributions or other extensions of credit (by way of guaranty or otherwise) made to any other Person (including purchases of property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such property to such Person); and (c) Swap Agreements.

Interest Proceeds Account means the account so named of the Issuer, which is credited with Interest Proceeds.