Series Subaccount definition

Series Subaccount has the meaning specified in Section 8.02(a) of the Indenture.
Sample 1Sample 2Sample 3
Series Subaccount means the separate subaccount created for each Series of Bonds in the Bond Service Account pursuant to Section 5.07 or in the Debt Service Reserve Account pursuant to Section 5.08, as appropriate.
Sample 1Sample 2Sample 3
Series Subaccount means the separate Subaccount created for each Series of Bonds in the Debt Service Ac- count or in the Debt Service Reserve Account, as appropriate.
Sample 1Sample 2

Examples of Series Subaccount in a sentence

  • On or prior to the Series Issuance Date for each Series issued after the Series Issuance Date for the first Series issued hereunder, the Issuer shall establish an additional Series Subaccount therefor and a Class Subaccount for any Class of such Series which has a floating rate of interest and in respect of which the Issuer has entered into an Interest Rate Swap Agreement, as Subaccounts of the Collection Account.

  • If there are funds remaining in a Series Costs of Issuance Fund after all such costs have been paid, said funds shall be withdrawn by the Comptroller and deposited in the related Series Subaccount, to be used only for the purposes described herein, subject to the further provisions of the related Tax Agreement.

  • Interest accruing as a result of any such investments when received shall be credited to such Series Costs of Issuance Account or, at the direction of the Comptroller, may be deposited into the related Series Subaccount, to be used only for the purposes described herein, subject to the further provisions of the related Tax Agreement.

  • Any accrued interest received upon the issuance and delivery of a Series of the Bonds shall be deposited into the separate Series Subaccount established with respect to such Series and applied to the payment of the interest on the Bonds of such Series.

  • In addition to the Bond and Interest Sinking Fund Account deposit requirements provided in the Original Resolution, as supplemented to the date hereof, the Comptroller shall deposit to the credit of the related Series Subaccount an amount sufficient to pay the principal of and interest on the Bonds of each Series as the same become due.

  • On or prior to the Series Issuance Date for each Series issued after the Series Issuance Date for the first Series issued hereunder, the Issuer shall establish a Series Subaccount therefor and any necessary Class Subaccounts as subaccounts of the Collection Account.

  • The Collection Account will initially be divided into subaccounts, which need not be separate bank accounts: a general subaccount (the "General Subaccount"), an Overcollateralization subaccount (the "Overcollateralization Subaccount"), a capital subaccount (the "Capital Subaccount"), a reserve subaccount (the "Reserve Subaccount"), and a series subaccount for each Series of Transition Bonds issued on such date (each a "Series Subaccount").

  • The Collection Account shall initially be divided into subaccounts, which need not be separate bank accounts: a general subaccount (the "General Subaccount"), an overcollateralization subaccount (the "Overcollateralization Subaccount"), a capital subaccount (the "Capital Subaccount"), a reserve subaccount (the "Reserve Subaccount"), and a series subaccount for each Series of Transition Bonds issued on such date (each a "Series Subaccount").

  • Funds on deposit in each related Series Subaccount of the Project Account shall be disbursed for the payment of Project Costs (or to reimburse the City for the payment of Project Costs made with available City funds) as provided in this Subsection (c).

  • On or prior to the Series Issuance Date for each Series issued after the Series Issuance Date for the first Series issued hereunder, the Issuer shall establish for such Series an additional Series Subaccount, a Series Overcollateralization Subaccount, a Series Capital Subaccount, a Series Reserve Subaccount and, if and as specified in the related Series Supplement, a Class Subaccount for any Class of such Series that has a floating rate of interest, each as Subaccounts of the Collection Account.


More Definitions of Series Subaccount

Series Subaccount means the separate subaccount created for a Series of Bonds, as the case may be, in the Debt Service Account pursuant to Section 5.07 or in the Debt Service Reserve Account pursuant to Section 5.08, as the case may be.
Sample 1
Series Subaccount means the separate subaccount created for each Series of Bonds in the Debt Service Account pursuant to Section 5.06.
Sample 1

Related to Series Subaccount

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

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

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

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

  • Subaccount means any subaccount designated and established hereunder.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Note Account As defined in the Indenture.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

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

  • 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.

  • 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.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • 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.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) 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, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • 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.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

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

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

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.