Remarketing Proceeds Account means the account so designated in the Purchase and Remarketing Fund which may consist of one or more accounts established for the deposit of remarketing proceeds from the remarketing of one or more subseries of the City’s bonds into which such remarketing proceeds may be deposited prior to the withdrawal of such proceeds to pay the purchase price of tendered bonds of that subseries.

Remarketing Proceeds Account means the Remarketing Proceeds Account of the Bond Fund created in Section 4.01 hereof.

Remarketing Proceeds Account means the Remarketing Proceeds Account of the Bond Fund created in the Indenture.

Examples of Remarketing Proceeds Account in a sentence

Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 of this Series Indenture, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of the 2023 Series Q-2 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient.
Upon receipt of the proceeds of a remarketing of 2023 Series Q-2 Bonds, the Paying Agent shall deposit such proceeds in the Remarketing Proceeds Account for application to the Purchase Price of the 2023 Series Q-2 Bonds.
Amounts held in the Standby Purchase Account and the Remarketing Proceeds Account by the Paying Agent shall be held uninvested and separate and apart from all other funds and accounts.
Notwithstanding the above, if there are no Bank Bonds Outstanding, the proceeds of a remarketing of 2023 Series Q-2 Bonds in the Remarketing Proceeds Account in excess of the Purchase Price of such 2023 Series Q-2 Bonds may be invested in Investment Securities in accordance with an Authority Request.
The proceeds of the sale by the Remarketing Agent of any 2023 Series Q-2 Bonds shall be delivered to the Paying Agent for deposit into the Remarketing Proceeds Account of the Bond Purchase Fund not later than 10:00 a.m., New York City time (11:30 a.m. New York City time with respect to 2023 Series Q-2 Bonds in the Daily Mode), on such Purchase Date or Mandatory Purchase Date.

More Definitions of Remarketing Proceeds Account

Remarketing Proceeds Account means the account created pursuant to Section 4.11(a).

Remarketing Proceeds Account means the account of that name in the Bond Fund established pursuant to the Indenture.

Remarketing Proceeds Account means the account by that name created in Section 7.11 hereof.

Remarketing Proceeds Account means the account of that name established in the Purchase Fund pursuant to Section 5.03.

Remarketing Proceeds Account means the account so named in the Bond Purchase Fund.

Remarketing Proceeds Account. ’ means the account so designated in the Purchase and Remarketing Fund.

Remarketing Proceeds Account means the Remarketing Proceeds Account created under Section 405 of the Indenture.