Standby Purchase Account definition

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

  • 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 2024 Series D-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.

  • 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 2024 Series D-2 Bonds shall be immediately returned to the Liquidity Facility Provider.

Related to Standby Purchase Account

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

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

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

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

  • 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.

  • 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.