Redemption Account definition

Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:
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Redemption Account means the Account within the Debt Service Fund so designated and established pursuant to Article V hereof.
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Redemption Account means the Redemption Account established pursuant to the General Resolution.
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Examples of Redemption Account in a sentence

  • The notification of demand for payments shall only include valid demands for payment which are actually in hand, such that the Fund need not fund the Redemption Account with any more funds than are actually required.

  • The Fund and the Transfer Agent agree that a goal of this procedure is to allow for the maximum employment of Fund Assets while still adequately funding the Redemption Account.

  • This account shall be operated in the same manner as the Redemption Account (see below) except as otherwise required by the purpose for which it shall be used; it may, at the election of the Transfer Agent, be operated as a combined account with the Redemption Account (see below).

  • The Transfer Agent will maintain a Redemption Account for the Fund.

  • The Fund agrees to fund, or cause the Custodian to fund, the Redemption Account sufficiently to cover all demands for payment which are currently valid or will become valid the following business day.


More Definitions of Redemption Account

Redemption Account means the account by that name established and held by the Trustee pursuant to Section 4.03(e).
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Redemption Account means the account by that name established and held by the Trustee pursuant to Section 4.03(d).
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Redemption Account means the account(s) (which may be a current, saving or deposit account(s)) maintained by the Trustee with any bank having an investment grade rating and approved by the Management Company in which the amount required for redemption of Units to the Holders may be transferred.
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Redemption Account means the account by that name established in the Revenue Fund pursuant to Section 5.02 hereof.
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Redemption Account means the Redemption Account established pursuant to the Resolution. “Redemption Date” means the date or dates upon which Bonds are to be called for redemption pursuant to
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Redemption Account means the account by that name established by paragraph (5) of Section 504 of the General Resolution.
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Redemption Account has the meaning set forth in Section 3.1(a) of the Indenture.
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