Senior Debt Service Account has the meaning assigned to it in the Collateral Agency Agreement.

Senior Debt Service Account means the “Senior Debt Service Account” established and created in the name of the Borrower pursuant to Section 5.01.

Senior Debt Service Account means the special account designated by that name established by the Security Agent pursuant to Section 2.2.

Examples of Senior Debt Service Account in a sentence

Credits into such Senior Debt Service Account may be suspended in any Bond Year at such time as there shall be a sufficient sum held in cash and investments in such Account to meet principal and interest requirements in such Account for the balance of such Bond Year, but such credits shall again be resumed at the beginning of the next Bond Year.
There shall next be paid and credited monthly to the Senior Debt Service Account of the Bond and Interest Account the principal of and interest on the 1997 IEPA Loan becoming due the next succeeding payment date in such terms as described in the 1997 IEPA Resolution.
All moneys in such Senior Debt Service Account shall be used only for the purpose of paying interest and principal and applicable premium on Senior Bonds.
The Bond Service Fund includes the Senior Debt Service Account, Lump Sum Payment Account, Senior Liquidity Reserve Account, Senior Turbo Redemption Account, First Subordinate Turbo Redemption Account, Second Subordinate Turbo Redemption Account, and Fully Subordinate Turbo Redemption Account, and such other Accounts as may be established in the Bond Service Fund by Series Supplement or Supplemental Indenture.
All moneys in such Senior Debt Service Account shall be used only for the purpose of paying interest and principal and applicable premium on Outstanding Junior Bonds.

More Definitions of Senior Debt Service Account

Senior Debt Service Account has the meaning specified in the Security Agreement.

Senior Debt Service Account means the Account within the Bond Service Fund so designated and established pursuant to Section 5.01.

Senior Debt Service Account has the meaning specified in Section 5.01(a).

Senior Debt Service Account has the meaning provided in the CASA.

Senior Debt Service Account means the Account held by the Trustee pursuant to Section 5.01(b) of this Indenture.

Senior Debt Service Account as defined in the Security Deposit Agreement.

Senior Debt Service Account means the account designated as the Senior Debt Service Account established in Section 502 hereof.