Issuer Operating Account definition

Issuer Operating Account means the USD account (account number 0701-38-100082) with Kvika banki hf. and any account(s) opened in replacement of such account(s) or as a subaccount of such account(s);
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Issuer Operating Account means the interest bearing account no.1933 designated as such in the name of the Issuer at Landesbank Hessen-Thüringen (the "Issuer Operating Account Bank") or such other account as may for the time being be substituted thereof with an Eligible Bank in accordance with the provisions of the Transaction Documents.
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Issuer Operating Account means the interest bearing account no. 214007 for amounts in euro and 214015 for amounts in GBP designated as such in the name of the Issuer at Landesbank Hessen-Thüringen (the "Issuer Operating Account Bank") or such other account as may for the time being be substituted thereof with an Eligible Bank in accordance with the Transaction Documents.
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Examples of Issuer Operating Account in a sentence

  • The Notes do not provide for gross-up payments in the case that any amount payable under the Notes, under the KfW Certificates or the Issuer Operating Account is or becomes subject to income taxes (including withholding taxes) or taxes on capital.

  • If any withholding or deduction on account of taxes is imposed with respect to payments by the Issuer under the Notes, by KfW under the KfW Certificates or from the Issuer Operating Account, the amounts payable by the Issuer under the Notes will be reduced by the amount of such withholding or deduction.

  • If need be, the Management Company may instruct the Issuer Bank Account to open further bank accounts in the name of Issuer in its book (together with the Issuer Operating Account, the Issuer Accounts).

  • The Cash Manager wiII open and maintain in respect of the sterIing denominated Issuer Operating Account a Iedger in respect of each Series (a ‘‘Series Ledger'') for the purpose of recording aII payments made by or to the Issuer under the Intercompany Loan Agreement entered into in connection with such Series.

  • The Issuer Account Bank will act upon instructions of the Management Company, under the control of the Custodian, in relation to the operation of the Issuer Operating Account, as provided in the Issuer Account Bank Agreement, only and to the extent of available funds standing to the credit of such Issuer Accounts.

  • Issuer Accounts: All payments received or to be received by the Issuer shall be credited to the accounts of the Issuer Operating Account (as defined in section “Description of the Issuer Accounts” on page 135) opened with the Issuer Account Bank in accordance with the terms of the Issuer Account Bank Agreement.

  • Accordingly, the Issuer's ability to satisfy its payment obligations under the Notes will be wholly dependent upon receipt by it in full of (a) payments of principal and interest (if any) on the KfW Certificates, (b) interest income (if any) on the Issuer Operating Account, (c) current and retained earnings (Gewinn) (if any), (d) liquidation surplus (Liquidationsüberschuss) (if any) and(e) other free assets (freies Vermögen) (if any).


More Definitions of Issuer Operating Account

Issuer Operating Account means the account of the Issuer with Citibank, N.A. “Issuer Order” has the meaning given to it in Section 2.02(d).
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Related to Issuer Operating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Initial Reserve Account Deposit means $3,250,000.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).