Principal Account definition

Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

Principal Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

Principal Account is defined in Section 4.9(a).

Examples of Principal Account in a sentence

• Each User can give us instructions on their own in line with the mandates put in place by the Principal Account Holder, we will act on it without checking with the other Users first.

• In addition, on the date set forth in the revised debt service schedule and replacement Exhibit B (Mandatory Sinking Fund Redemption Schedule) provided by DNR pursuant to Section 3.4(b) of the Purchase Agreement, which shall be the first day of the month that is not more than 20 years after the Initiation of Operations (as certified pursuant to Section 3.4 of the Purchase Agreement), all remaining amounts in the Principal Account of the Repayment Fund will be transferred to the Debt Service Fund.

• Net investment earnings on the Accounts of each Fund will be credited to such Accounts except that investment earnings on the Principal Account of the Repayment Fund will be deposited in the Interest Account of the Repayment Fund.

More Definitions of Principal Account

Principal Account shall have the meaning specified in subsection 4.02(b).

Principal Account means the Account within the Debt Service Fund so designated and established by Article V.

Principal Account means the account by that name in the Bond Fund established pursuant to Section 5.02.

Principal Account means the account by that name established and held by the Trustee pursuant to Section 4.03(b).

Principal Account means the interest bearing account described as such in the name of the Issuer with the Account Bank into which Principal Proceeds are to be paid.

Principal Account means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7.

Principal Account means an account in which a Participant or a related entity of the Participant holds a direct or indirect interest other than an interest in the commission charged on a transaction.