Standby Purchase Account definition

Standby Purchase Account means the account by that name created in Section 7.12 of this Series Indenture.

Examples of Standby Purchase Account in a sentence

  • Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2023 Series Q-2 Bonds shall be immediately returned to the Liquidity Facility Provider.

  • Upon receipt from the Trustee of the immediately available funds transferred to the Paying Agent pursuant to 8.5 of this Series Indenture, the Paying Agent shall deposit such money in the Standby Purchase Account for application to the Purchase Price of the 2023 Series Q-2 Bonds to the extent that the moneys on deposit in the Remarketing Proceeds Account shall not be sufficient.

  • Amounts held in the Standby Purchase Account and the Remarketing Proceeds Account by the Paying Agent shall be held uninvested and separate and apart from all other funds and accounts.

Related to Standby Purchase Account

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

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

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Investment Account As defined in Section 3.12(a).

  • Initial Account has the meaning specified in the Transfer Agreement.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

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

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Investment Date means the date of the Investment Commitment Closing.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.