Principal Proceeds Account definition

Principal Proceeds Account shall have the meaning specified in the Collateral Administration Agreement.
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Principal Proceeds Account means the account of that name in the name of the Issuer with the Account Bank or any further or other account so named or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(i) (Principal Proceeds Account).
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Principal Proceeds Account means the account in the name of the Issuer, the details of which are set forth in the Agency and Account Bank Agreement, held with the Account Bank through which the Issuer will finance its periodic purchases of VFZ Accounts Receivable available through the SCF Platform, Excess Cash Loans to the New VFZ Facilities Borrower pursuant to the New VFZ Facilities Agreement and the ultimate repayment of principal on the Notes. See “General Description of VodafoneZiggo’s Business, the Issuer and the Offering—Overview of the Structure of the Offering of the Notes”.
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Examples of Principal Proceeds Account in a sentence

  • As of any date of determination, the Manager may cause any amounts on deposit in the Unfunded Exposure Account that exceed (i) prior to the end of the Availability Period, the Aggregate Unfunded Equity Amount and (ii) after the end of the Availability Period, the Aggregate Unfunded Amount, in each case, to be deposited into the Principal Proceeds Account.

  • For the avoidance of doubt, no Restricted Payments may be made except from the Interest Proceeds Account or, prior to the end of the Availability Period, the Principal Proceeds Account.


More Definitions of Principal Proceeds Account

Principal Proceeds Account as defined in the Custodian Agreement. “Priority of Payments”: as defined in Section 2.8.
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Principal Proceeds Account means the interest bearing account described as such in the name of the Issuer with the Account Bank into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(i) (Principal Proceeds Account).
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Principal Proceeds Account as defined in the Custodian Agreement, and any successor or replacement for such account.
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Principal Proceeds Account means an interest bearing account described as such in the name of the Issuer held with the Account Bank or any further or other account described as such or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(i) (Principal Proceeds Account).
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Principal Proceeds Account means the account so named of the Issuer, which is credited with Principal Proceeds other than those credited to the Reinvestment Account.
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Related to Principal Proceeds Account

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Interest Reserve Account As defined in Section 3.4(d).