Examples of Issuance Account in a sentence
There shall be established within the Operating Expense Fund a Costs of Issuance Account and an Administrative Fee Account.
Moneys in the Costs of Issuance Account shall be used by the Issuer to pay the Costs of Issuance.
Upon receipt of written instructions from the Administrator, the Indenture Trustee shall remit funds on deposit in the Cost of Issuance Account to pay the costs and expenses incurred by the Issuer in connection with issuing the Notes.
The Cost of Issuance Account initially will be established as a segregated account at U.S. Bank National Association in the name of the Indenture Trustee.
The Bonds are freely transferable.The following rights are attached to the Bonds:Security: Pledge by the Issuer in favour of the Bondholders of its rights, title, interest and benefit, present and future, in, to and under the Depositary Wallet and the Deposited Cryptocurrency and pledge by the Issuer over the Issuance Account and the Issuer-owned Bonds in favour of the Bondholders (the "Security").