Senior Bonds Debt Service Account definition

Senior Bonds Debt Service Account means the Account of Subfund 1 of the Transportation Enterprise Special Fund created pursuant to and designated as such in Section 3.01 of the Master Indenture.
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Senior Bonds Debt Service Account means the Account of the Bridge Special Fund created and designated as such by Article IV of the Master Indenture.
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Senior Bonds Debt Service Account means the account by that name of Subfund 1. “Senior Bonds Debt Service Reserve Account” means the account by that name of Subfund 1.
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Examples of Senior Bonds Debt Service Account in a sentence

  • If such Indenture Event of Default is described in subsection (a) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds shall, without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.05(c) hereof.


More Definitions of Senior Bonds Debt Service Account

Senior Bonds Debt Service Account means the Senior Bonds Debt Service Account of the Debt Service Fund established by Section 502 hereof.
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Senior Bonds Debt Service Account means the account by that name within the I-25 North Revenue Subfund.
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Senior Bonds Debt Service Account means the Account of the I-25 North Revenue Subfund created pursuant to and designated as such in Section 3.01 of the Master Indenture.
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Related to Senior Bonds Debt Service Account

  • 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.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

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

  • Debt Service means, with respect to any particular period of time, scheduled principal and interest payments under the Note.

  • 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 2004 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 2004 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 Transferors 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.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.