Senior Bond Fund definition

Senior Bond Fund means the Southwestern Illinois Flood Prevention District Council Sales Tax Revenue Bond and Interest Fund created and established in the Senior Indenture.
Senior Bond Fund means the means the Hampton Roads Sanitation District (Virginia) Wastewater Revenue Bonds Bond Fund created and so designated by Section 501 of the Senior Trust Agreement.
Senior Bond Fund means the Bond Fund created by or confirmed by the

Examples of Senior Bond Fund in a sentence

  • The Senior Bond Fund, the Construction Fund (but only to the extent of moneys derived from the proceeds of Senior Indebtedness on deposit therein), the Current Expense Fund, the Operating Reserve Fund, the Capital Improvement Fund and the Surplus Fund shall be trust funds and are hereby pledged equally and ratably to the payment of the principal of and interest on all Senior Indebtedness and for the other purposes as provided herein.

  • Moneys in any account of the Senior Bond Fund relating to particular Senior Indebtedness shall only secure such Senior Indebtedness.

  • In accordance with the provisions of Section 10.02 hereof, in the event that amounts on deposit in the Current Expense Fund are transferred to pay a termination payment or to fund a deficiency in the Senior Bond Fund, the Senior Subordinate Bond Fund or the Subordinate Bond Fund, the Trustee shall provide notice of such transfer to the Consulting Engineer, any other Consultants identified by the Authority, if any, and to Government Development Bank for Puerto Rico.

  • Total Deposits to Capital Improvement Funda Numbers may not add up due to rounding.b Operating and Authority Revenues from FY2014 onward, reflect PRASA's July 15, 2013 rate increase.c Debt Service Amount Due of $236.8M reduced by $43.6M deposit (made in FY2013) to the Senior Bond Fund.

  • A special fund is hereby created and designated "WCA Shiloh Landfill of South Carolina, L.L.C. Senior Bond Fund" (the "Bond Fund").

  • The Issuer covenants that so long as the Senior Bonds are Outstanding, it will pay directly to the Trustee for deposit, as herein provided, to the credit of the Senior Bond Fund, all Bond Service Charges owing by the Issuer under this Indenture in the amounts, respectively, set forth in this Indenture and in any resolution of the Issuer.

  • Subordinated (SUB), Net of Deposits in Subordinated Bond Fund-- a Numbers may not add up due to rounding.b Debt Service Amount reduced by available balance of $43.6M in the Senior Bond Fund.


More Definitions of Senior Bond Fund

Senior Bond Fund means the Bond Fund established under the 1980 Resolution for payment of principal of, premium, if any, and interest on the Senior Bonds.
Senior Bond Fund means the Senior Bond Fund established in Section 5.01.

Related to Senior Bond Fund

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Bond Fund means the fund created by Section 6.02 of the Indenture.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Redemption Fund means the Redemption Fund for Refunded Notes created pursuant to Section 501 hereof.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).