Program Trustee definition

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the Authority from time to time to hold or administer some or all of the Loss Reserve Accounts.

Program Trustee means the trustee appointed by or pursuant to Section 801 of the Program Resolution, and any successor or successors thereto appointed pursuant to the Program Resolution;

Program Trustee means U.S. Bank National Association, as trustee under the Program Trust Agreement, or its successors.

Examples of Program Trustee in a sentence

• The Master Program Trustee holds all moneys, and securities purchased with moneys, deposited in the Master Program Trust Account in trust for the benefit of all holders of Coverage Receiving Bonds.

• Thereupon, the Master Program Trustee shall pay every such Trustee that has issued a Notice, from funds on deposit in the Master Program Trust Account (and all subaccounts therein), an amount sufficient to satisfy all such deficiencies.

• This holdback allows the Master Program Trustee to keep as the minimum balance (assuming all scheduled Loans are timely and completely paid) in the Master Program Trust Account the entire prior year’s Fund Loan repayments from all Coverage Providing Financing Programs, thereby providing additional security for all Coverage Receiving Bonds on each March 1 and September 1.

• One Business Day thereafter, such moneys are returned to the State in satisfaction of the Fund Loans, unless all or a portion of such moneys is needed to satisfy any actual deficiency in Fund Loan repayments received by the Master Program Trustee from the amounts scheduled for receipt.

• The Trustee for any series of Coverage Receiving Bonds is required to provide the Trust, the State and the Master Program Trustee for any such Financing Program with a fifteen (15) day preliminary advance warning if that Trustee does not have sufficient moneys to pay debt service on the next debt service payment date.

More Definitions of Program Trustee

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the Authority to hold or administer some or all of the Loss Reserve Accounts on behalf of the Authority.

Program Trustee means the program trustee under the Program Resolution;

Program Trustee means the trustee appointed by or pursuant to Section 801 hereof, and any successor or successors thereto appointed pursuant to this Program Resolution;

Program Trustee means Wells Fargo Bank, National Association, as trustee under the

Program Trustee means Wells Fargo Bank, National Association, as trustee under the Program Trust Agreement, or its successors and permitted assigns.

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the Authority from time to time to hold or administer some or all of the Loss Reserve Accounts. (r) "Qualified Business" means a Small Business Concern that meets both of the following criteria: