Sinking Fund Account definition

Sinking Fund Account means the sinking fund account established and held by the Treasurer of Charleston County designed to provide for the payment of the principal of, premium, if any, and interest on the Bonds, as the same respectively fall due.

Sinking Fund Account. An account established for any Series which shall be a segregated non-interest bearing trust account which is an Eligible Account, established and maintained pursuant to Section 4.1 and 4.7, and in the name of the Indenture Trustee and identified by each relevant Series; provided, that, if more than one Sinking Fund Account is to be established for any Series, such accounts may be established as a single Eligible Account with sub-accounts thereof related to specified Classes within such Series as to which Classes a “Sinking Fund Account” has been created and the Sinking Fund Account for a particular Class of such Series shall refer to the sub- account of the related Eligible Account related to such Class.

Sinking Fund Account means a separate escrow account, if any, created and maintained in the custody of the Bond Registrar pursuant to the Bond Registrar Agreement for any amounts received by the Bond Registrar pursuant to any Mandatory Sinking Fund Requirements, which Account shall be a part of the School District’s Bond Retirement Fund.

Examples of Sinking Fund Account in a sentence

• Funds deposited into a Sinking Fund Account on a Business Day after 1:30 p.m. New York City time will not be invested until the following Business Day.

• The taxpayer identification number associated with each of the Sinking Fund Accounts shall be that of the Issuer, and the Issuer shall report for federal, state and local income tax purposes their respective portions of the income, if any, earned on funds in the relevant Sinking Fund Account.

• Any direction by the Administrator on behalf of the Issuer to the Indenture Trustee pursuant to an Issuer Certificate to establish a Sinking Fund Account shall include a specification by the Issuer of the Class to which such Sinking Fund Account shall relate.

• Any losses and investment expenses relating to any investment of funds in any Sinking Fund Account shall be for the account of the Administrator, which shall deposit or cause to be deposited the amount of such loss (to the extent not offset by income from other investments of funds in the related Sinking Fund Account) in the related Sinking Fund Account promptly upon the realization of such loss.

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More Definitions of Sinking Fund Account

Sinking Fund Account means the Account so designated, established as a separate account within the Debt Service Fund pursuant to Section 6.04 hereof.

Sinking Fund Account means the account by that name established by paragraph (4) of Section 504 of the General Resolution.

Sinking Fund Account means a bank account which is separate from the Applicant’s nominated bank/building society account(s), which is to be used to hold the Sinking Fund Contribution;

Sinking Fund Account means the trust account established and maintained by the Company and designated as such pursuant to Section 4.2.

Sinking Fund Account means the account that is created specifically for repayment of municipal debt securities;

Sinking Fund Account shall have the meaning ascribed to such term in Section 6.8 hereof.

Sinking Fund Account means any account created in the Parity Bond Fund to