Principal and Interest Payment Account definition

Principal and Interest Payment Account means the “City of Overland Park, Kansas Principal and Interest Payment Account for Federally Taxable Private Activity Revenue Bonds (Promontory – Phase 3 EDRB Project)” created pursuant to Section 601 of this Indenture.

Principal and Interest Payment Account means "City of Independence, Kansas, Principal and Interest Payment Account (Cessna Aircraft Company)" created pursuant to Section 601 of the 1996 Indenture.

Principal and Interest Payment Account means that account authorized and established with the Trustee by the Indenture and designated "City of Wichita, Kansas Principal and Interest Payment Account (Royal Caribbean Cruises Ltd.)".

Examples of Principal and Interest Payment Account in a sentence

• Any money deposited in the Principal and Interest Payment Account pursuant to this Section shall be used to redeem Outstanding Bonds at their earliest optional redemption date.

• In the event funds remain on hand in the Project Fund on the date the Certificate of Completion is furnished to the Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the Principal and Interest Payment Account on the earlier of receipt of the Certificate of Completion or the Completion Date and shall be applied in accordance with the provisions of the Indenture.

• The Issuer reserves and the Company covenants and agrees to pay to the Trustee hereinafter provided and in the Indenture designated, for the account of the Issuer and during the Basic Term, for deposit in the Principal and Interest Payment Account referred to herein and in the Indenture established, on each Basic Rent Payment Date, Basic Rent in immediately available funds.

• However, if this Lease is terminated or the Issuer or the Trustee otherwise re-enters and takes control of the Project without terminating this Lease, the Trustee shall pay all the Net Proceeds held by it into the Principal and Interest Payment Account and all rights of the Company in and to such Net Proceeds shall cease.

• In the event funds remain on hand in the Project Fund on the date the Certificate of Completion is furnished to Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the Principal and Interest Payment Account on the earlier of receipt of the Certificate of Completion or the Completion Date and shall be applied in accordance with the provisions of the Indenture.

More Definitions of Principal and Interest Payment Account

Principal and Interest Payment Account means that account authorized and established with the Trustee by the Indenture and designated “City of Topeka, Kansas, Series A2002 Principal and Interest Payment Account for Taxable Industrial Revenue Bonds, (SBL Project)”.

Principal and Interest Payment Account means the “City of Xxxxxx Springs, Kansas Principal and Interest Payment Account for Industrial Revenue Bonds (Taxable Under Federal Law) (Xxxxxxx Coach Project)” created pursuant to Section 601 of this Indenture.

Principal and Interest Payment Account means the “City of Overland Park, Kansas Principal and Interest Payment Account for Federally Taxable Private Activity Revenue Bonds (City Place Corporate Centre IV EDRB Project)” created pursuant to Section 601 of this Indenture.

Principal and Interest Payment Account means the “City of Overland Park, Kansas Principal and Interest Payment Account for Federally Taxable Private Activity Revenue Bonds (SERV at Promontory EDRB Project)” created pursuant to Section 601 of this Indenture.

Principal and Interest Payment Account means the “City of Xxxxxx Springs, Kansas Principal and Interest Payment Account for Industrial Revenue Bonds (Taxable Under Federal Law), Series 2021 (Xxxxxxxxx Xxxxx Project)” created pursuant to Section 6.01 of this Indenture.

Principal and Interest Payment Account means "Maize Public Building Commission, Principal and Interest Payment Account (City Government Complex)" created pursuant to Section 601 of the Original Indenture.

Principal and Interest Payment Account means (i) the “City of Overland Park, Kansas Principal and Interest Payment Account for Federally Taxable Private Activity Revenue Bonds, Series 2019 (Xxxx Xxxxx EDRB Project),” and (ii) the “City of Overland Park, Kansas Principal and Interest Payment Account for Federally Taxable Private Activity Revenue Bonds, Series 2021 (Xxxx Xxxxx EDRB Project),” each created pursuant to Section 601 of this Indenture.