Pledged Fund or Account. Any fund or account, including the Bond Account or any Reserve Fund established with respect to, and Granted as security for, a Series.
Pledged Fund or Account. Any of the Bond Account, the Interest Reserve Fund or the Working Capital Reserve Fund.
Pledged Fund or Account. As defined in the Indenture.
Examples of Pledged Fund or Account in a sentence
Subject to Section 12.01, and only if and to the extent, and under the circumstances, expressly permitted in the related Terms Indenture, the Issuer or another specified Person may, in substitution of any one or more items of Mortgage Collateral or other Collateral securing any Series or any cash deposited in any Pledged Fund or Account on the related Closing Date, deliver other Mortgage Loans, other Mortgage-Backed Securities and/or other forms of Enhancement as new Collateral.