Qualified Escrow Fund Principal definition

Qualified Escrow Fund Principal or “QEF Principal” means the funds required by the applicable NPM Statute to be deposited and held for the benefit of one or more Beneficiary States in the QEF Account.
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Qualified Escrow Fund Principal or “QEF Principal” means all funds deposited into a QEF Sub-Account. QEF Principal does not include: (i) Interest in the QEF Sub- Account, unless the Interest must be retained in the QEF Sub-Account and counted as QEF Principal under subdivision (D)(ii) of Section 4 of this Escrow Agreement; or (ii) any sums transferred in or out of QEF Sub-Account under the terms and conditions of a Return.
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Qualified Escrow Fund Principal and “Qualified Escrow Principal” has the same meaning as in section 2.R of JUS-TOB6.
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Examples of Qualified Escrow Fund Principal in a sentence

  • Speaker, the GSS focused on the implementation of the outstanding post 2010 Population and Housing Census activities; specifically, finalising the 2010 Census Gazetteer and updating and digitizing all the Enumeration Area (EA) maps of Ghana.

  • Introduction; grounds‌The Reserve Fund Statute authorizes the release of funds from escrow Qualified Escrow Fund Principal only under certain circumstances.

  • These forms must be completed and timelyfiled in compliance with Health & Safety Code sections 104555-104557.‌ Escrow Rate Adjustment requests (1) Under Health and Safety Code section 104557(b)(2), NPMs may request a release of Qualified Escrow Fund Principal that is on deposit for the benefit of California based upon the escrow rate used by California for a particular Sales Year.

Related to Qualified Escrow Fund Principal

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $3,485,416.70 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Reserve Fund Requirement means (i) on any Payment Date other than a Payment Date described in clause (ii), an amount equal to 0.25% of the Aggregate Securitization Value of the 2023-2 Leases as of the Cutoff Date or (ii) on any Payment Date occurring on or after the date on which the Note Balance has been reduced to zero, zero.