Principal and Interest Account definition

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.
Principal and Interest Account. Collectively, each principal and interest account created by the Servicer pursuant to Section 8.8(a) hereof, or pursuant to any Sub-Servicing Agreement.
Principal and Interest Account means, for a loan that constitutes Revenue-Secured Debt, the account created in the loan fund to be first used to repay the principal of and interest on the loan.

Examples of Principal and Interest Account in a sentence

  • The annual rentals set forth in Section 2(a) hereof and the Additional Rentals shall be payable from a special benefits tax levied upon the District and received by the Lessee for deposit into the Four Winds Field at Xxxxxxxxx Stadium Principal and Interest Account of the Redevelopment District Bond Fund (the “Bond Fund”) pursuant to Indiana Code 36-7-14-27 (the “Special Benefits Tax Revenues”).


More Definitions of Principal and Interest Account

Principal and Interest Account. The principal and interest account established by the Servicer pursuant to Section 5.03 hereof.
Principal and Interest Account means the Account in the Bond Fund established pursuant to Section 6.1 of this Indenture.
Principal and Interest Account means the account by that name created in Section 5.01.
Principal and Interest Account means the Principal and Interest Account for the City of Overland Park, Kansas, Internal Improvement Refunding Bonds, Series 2004B, created herein.
Principal and Interest Account means the interest bearing trust account so designated and established and maintained pursuant to Section 7.03.
Principal and Interest Account means the Principal and Interest Account created within the City’s Debt Service Fund pursuant to Article IV hereof, which is created and shall be held and administered solely for the purpose of receiving and disbursing funds for the payment of the Bonds.
Principal and Interest Account means the account of that name created in the Bond Fund for the payment of the principal of and interest on the Parity Bonds.