Parity Bond Account definition

Parity Bond Account means the Parity Bond Account created pursuant to the Parity Bond Resolution.
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Parity Bond Account means the Drainage and Wastewater Revenue Bond Account,
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Parity Bond Account means the ((“))Drainage and Wastewater
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Examples of Parity Bond Account in a sentence

  • A Prior Bond Account and a Parity Bond Account are funded with monthly deposits so that the balance will be sufficient to pay the interest, or principal and interest, next coming due on the bonds (see also note 3).

  • Any 2015 Parity Refunding Bond proceeds or other money deposited with the Escrow Agent not needed to carry out the Refunding Plan or to pay costs of issuance of the 2015 Parity Refunding Bonds or other costs of the Refunding Plan shall be returned to the Authority and deposited in the Parity Bond Account to pay interest on the 2015 Parity Refunding Bonds on the first interest payment date or otherwise as determined by the Designated Authority Representative after consultation with Bond Counsel.

  • A Prior Bond Account and a Parity Bond Account are funded with monthly deposits so that the balance is sufficient to pay the interest, or principal and interest, next coming due on the bonds (see also note 3).


More Definitions of Parity Bond Account

Parity Bond Account means the Water Revenue Parity Bond Account created by
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Related to Parity Bond Account

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.