Series 2017 Rebate Fund definition

Series 2017 Rebate Fund means the Rebate Fund of such designation established pursuant to Section 5.01 of the Indenture with respect to the Series 2017 Bonds.
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Series 2017 Rebate Fund means the fund of the same name established by the Indenture held by the Trustee for the sole benefit of the United States of America for the purpose of complying with Section 148 of the Code and the Treasury Regulations promulgated pursuant thereto. Funds in the Series 2017 Rebate Fund shall be used to make rebate payments to the United States of America.
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Series 2017 Rebate Fund means the fund of that name established under and pursuant to Section 7.01 hereof.
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Examples of Series 2017 Rebate Fund in a sentence

  • Moneys held in the Series 2017 Rebate Fund, after payment of any Rebate Amount then due pursuant to the provisions of the Tax Regulatory Agreement, shall be held by the Trustee for a period of not less than seventy-five (75) days following the redemption or final maturity of the Series 2017 Bonds.

  • The Series 2017 Rebate Fund is not a portion of the Trust Estate and is not subject to any lien under this Indenture.

  • The Issuer is authorized to establish the Series 2017 Rebate Fund (the "Rebate Fund") for the deposit of monies used to make all rebate payments (if any) owed to the United States under the Code, and which shall not be subject to the pledge of accounts under the Ordinance.

  • Notwithstanding the foregoing, the Trustee with respect to the Series 2017 Rebate Fund is afforded all the rights, protections and immunities otherwise accorded to it hereunder.

  • There shall be deposited into the Series 2017 Rebate Fund all amounts to be transferred to such Fund pursuant to Sections 5.03(b) and [5.02(h)(i)(C)] of the Collateral Agency Agreement.

  • The Series 2001 Rebate Fund, the Series 2002 Rebate Fund, the Series 2014A Rebate Fund, the Series 2014C Rebate Fund, the Series 2016A Rebate Fund, and the Series 2017 Rebate Fund to be maintained with the Fiscal Agent.

  • The interest earned on moneys or investments in the Series 2017 Rebate Fund shall be retained in the Series 2017 Rebate Fund.

  • The Series 2017 Debt Service Fund and any other Fund or Account created hereunder (excluding any Defeasance Escrow Fund or the Series 2017 Rebate Fund), shall be held by the Trustee, for the benefit of the Owners of the Series 2017 Bonds as specified in this Indenture.

  • The Series 2017 Rebate Fund is established for the purpose of complying with Section 148 of the Code and the Treasury Regulations promulgated pursuant thereto.

  • The money deposited in the Series 2017 Rebate Fund, together with all investments thereof and investment income therefrom, shall be held in trust and applied solely as provided in the Tax Regulatory Agreement.


More Definitions of Series 2017 Rebate Fund

Series 2017 Rebate Fund means the fund of that name established under and pursuantto Section 7.01 hereof.
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Series 2017 Rebate Fund means the fund by that name established and held by the Trustee pursuant to the provisions of Section 5.03 of this Series 2017 Indenture.
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Related to Series 2017 Rebate Fund

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

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

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

  • 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.

  • 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 [*];

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

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

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

  • 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.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Finance Charge Account is defined in Section 4.9(a).

  • 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.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.