Note Interest Account definition

Note Interest Account means an interest bearing account, identified as the Note Interest Account, the details of which are notified to the Mandated Lead Arrangers in accordance with paragraph 12(1) of Part III of Schedule 2 (Conditions Precedent to Signing) held by Eurotunnel Group UK Plc which is subject to Security granted pursuant to the Transaction Security Documents (as the same may be redesignated, substituted or replaced from time to time).
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Note Interest Account means an account by that name established by the Issuing and Paying Agent in a Note Fund pursuant to Section 6 of the Issuing and Paying Agent Agreement.
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Note Interest Account means an account by that name established in a Note Fund pursuant to Section 5.05 and maintained by the Issuing and Paying Agent.
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Examples of Note Interest Account in a sentence

  • Section 3.4 Payment of Principal, Interest and other Obligations The principal of and interest on the Revolving Note and the other amounts which constitute Obligations are payable solely out of Net Revenues deposited in the Revolving Note Principal Account and the Revolving Note Interest Account created under Sections 5.2 hereof, with the priority and otherwise as provided in the Master Resolution, as supplemented by the Twenty-Sixth Supplemental Resolution.

  • All earnings on investments in the 2017 Note Reserve Account, provided no deficiency exists in the 2017 Note Reserve Account, shall be deposited to the 2017 Note Interest Account.

  • Section 5.2 Establishment of Certain Accounts In accordance with Section 5.01 of the Master Resolution and in respect of the Revolving Note, the Board hereby creates and establishes within the Debt Service Fund a "Revolving Note Interest Account" and a "Revolving Note Principal Account." Such Accounts shall be maintained and applied as provided in Section 5.06 of the Master Resolution.

  • Amounts on deposit in the 2017 Note Reserve Account, except as provided elsewhere in the Indenture, shall be used only for the purposes set forth in Section 808 hereof and for making payments into the 2017 Note Interest Account and the 2017 Note Principal Account to pay the 2017 Note, when due, when the moneys on deposit in such Accounts and available therefor are insufficient.

  • That the sum of $978 be transferred from Finance / Accounting Program 04 / Copier Supplies Account;$1,000 be transferred from Finance / Accounting 04 / Meeting Account; $120 be transferred from Finance / Accounting Program 04 / Dues Account; $7,244 be transferred from Finance / IT 08 / Munis Line Account, for a total of $9,342 to be transferred to the Finance / BSBA Interest on Debt Program 53/ Bond Anticipation Note Interest Account.

  • Such amounts shall be paid out of the Revolving Note Interest Account.

  • My client’s identity remains completely anonymous and confidentiality is fully maintained.

  • Within each such Note Fund, the Issuing and Paying Agent shall establish two (2) separate accounts to be known as the “ Note Principal Account” (inserting therein the Series designation of such Note Principal Account) and the “Note Interest Account” (inserting therein the Series designation of such Note Interest Account).

  • Two of the traditional exceptions to a state claiming immunity in national courts are: (a) the ownership, possession and use of immovable property; and (b) interests of a foreign state in movable or immovable property by way of succession, gift, or administration or insolvency.

  • Subject to and in accordance with the Intercreditor Agreement, the Note Trustee shall have the right to instruct the Noteholder Depositary Bank to withdraw any amounts or portion thereof then held in the Note Proceeds Account and the Note Interest Account to be applied in accordance with terms of the Noteholder Depositary Agreement and the Note Indenture.


More Definitions of Note Interest Account

Note Interest Account has the meaning assigned to that term in Section 2.1(a).
Sample 1
Note Interest Account shall have the meaning assigned thereto in the Noteholder Depositary Agreement.
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Related to Note Interest Account

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Note Interest for any Class of Notes and Payment Date means interest for the related Interest Period at the applicable Note Rate on the related Note Principal Balance as of the first day of the Interest Period (after giving effect to the distributions made on the first day of the Interest Period).

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Accrued Class A Note Interest means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.

  • Accrued Note Interest means, for a Class and a Payment Date, the sum of the Note Monthly Interest and the Note Interest Shortfall.

  • Accrued Class B Note Interest means, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued Interest for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Interest Accrual Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).