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

  • 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.

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

  • 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.

  • 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).

  • After the date on which all Obligations from the Issuer to the Holders and the Note Trustee have been indefeasibly paid in full, any remaining amounts in the Note Interest Account shall be transferred by the Noteholder Depositary Bank to the Dollar Revenue Account at the direction of the Note Trustee.

  • Thereafter, amounts on deposit in the Note Proceeds Account, the Note Interest Account and any other Note Account shall be applied as provided in the Noteholder Depositary Agreement, the Common Agreement and the Intercreditor Agreement.

  • 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.

  • On each Payment Date (unless otherwise directed by the Note Trustee acting pursuant to the Intercreditor Agreement or the Common Agreement), a portion of the amounts held in the Note Interest Account equal to the amount of scheduled interest on the Notes due on such Payment Date shall be withdrawn from the Note Interest Account and transferred by the Noteholder Depositary Bank directly to the Note Trustee to be applied solely for the payment of interest due on such Payment Date in respect of the Notes.

  • Any amounts credited from time to time to the Note Prepayment Account may only be transferred to the Note Trustee and the Holders and, until all of the Obligations from the Issuer to the Holders and the Note Trustee have been indefeasibly paid in full, any amounts on deposit in the Note Interest Account may only be transferred to the Note Trustee and the Holders, in accordance with the Financing Documents.


More Definitions of Note Interest Account

Note Interest Account has the meaning assigned to that term in Section 2.1(a).
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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.

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • 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.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Class A Interest Accrual Amount As to any Distribution Date, the sum of the Interest Accrual Amounts for the Class A Certificates with respect to such Distribution Date.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Class B Interest Accrual Amount With respect to any Distribution Date, the sum of the Interest Accrual Amounts for the Classes of Class B Certificates with respect to such Distribution Date.

  • 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.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Accrued Certificate Interest Distribution Amount With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.

  • Distributable Certificate Interest means, with respect to any Class of REMIC III Regular Certificates for any Distribution Date, the sum of (A) Accrued Certificate Interest in respect of such Class for such Distribution Date, reduced (to not less than zero) by (1) any Net Aggregate Prepayment Interest Shortfall allocated on such Distribution Date to such Class pursuant to Section 6.7, (2) with respect to each Class of the Class B, Class C, Class D and Class E Certificates, any Trust Advisor Expenses allocated on such Distribution Date to such Class in reduction of the Distributable Certificate Interest thereon pursuant to Section 6.11, and (3) with respect to each Class of the Class C, Class D and Class E Certificates, any amounts reimbursable in accordance with Section 6.11(c), out of amounts otherwise distributable as interest in respect of such Class, to any more senior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to such more senior Class of Certificates pursuant to Section 6.11, plus (B) if such Distribution Date is subsequent to the initial Distribution Date, any Unpaid Interest in respect of such Class for such Distribution Date, plus (C) in the case of a Class of Principal Balance Certificates, if the Certificate Balances of such Principal Balance Certificates are increased on such Distribution Date in accordance with clause (b) of the definition of “Certificate Balance”, the total amount of interest at the applicable Pass-Through Rate that would have accrued and been distributable with respect to the amount by which the related Aggregate Certificate Balance was so increased, if such Aggregate Certificate Balance had not been reduced by that amount in connection with the allocation of Collateral Support Deficits in the first place and assuming that the reinstatement of Certificate Balance is in reverse chronological order of the original reductions therein, plus (D) in the case of each Class of the Class B, Class C, Class D and Class E Certificates, the amount of any Actual Recoveries of Trust Advisor Expenses allocated in accordance with Section 6.11(c) to such Class of Certificates to increase the Distributable Certificate Interest thereof for such Distribution Date, plus (E) in the case of each Class of the Class B, Class C and Class D Certificates, any amounts reimbursed in accordance with Section 6.11(c) to such Class of Certificates by any more junior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to the subject Class of Certificates pursuant to Section 6.11. Any increase in the Distributable Certificate Interest with respect to any Class of Principal Balance Certificates for any Distribution Date pursuant to clause (C) of the prior sentence shall result in a corresponding reduction of interest payable on unreimbursed allocations of Collateral Support Deficits in respect of such Class of Principal Balance Certificates.