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:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Redemption Account means the Account within the Debt Service Fund so designated and established pursuant to Article V hereof.

Redemption Account means the Redemption Account established pursuant to the General Resolution.

Examples of Redemption Account in a sentence

Amounts in the Redemption Account to be applied to the redemption of Bonds shall be paid to the Paying Agent on or before the redemption date and applied by it on such redemption date to the payment of the Redemption Price of the Bonds being redeemed plus interest on such Bonds accrued to the redemption date and all other amounts then due under the Borrower Financing Documents in connection with such redemption.
Subject to applicable escheat laws, funds remaining with the Trustee as described above and unclaimed for two years shall be deposited in the Redemption Account of the Debt Service Fund or, in the event there are no longer any Bonds Outstanding, shall be paid to or upon the direction of the Borrower.
Any amount in the Redemption Account not so applied to the purchase of Bonds by forty-five (45) days prior to the next date on which the Bonds are so redeemable shall be applied to the redemption of Bonds on such redemption date; provided that if such amount aggregates less than $5,000, it need not be then applied to such redemption.

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).

Redemption Account means the account by that name established and held by the Trustee pursuant to Section 4.03(d).

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.

Redemption Account means the account by that name established in the Revenue Fund pursuant to Section 5.02 hereof.

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

Redemption Account means the account by that name established by paragraph (5) of Section 504 of the General Resolution.

Redemption Account. An escrow account maintained by the Trustee into which any Trust funds not distributed on a Distribution Date on which a Redeeming Purchase is made are deposited. The Redemption Account shall be an Eligible Account.