TIFIA Debt Service Account definition

TIFIA Debt Service Account means the special account of the Borrower created pursuant to the TIFIA Refinancing Resolution for the purpose of paying TIFIA Debt Service on the TIFIA Bond.
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TIFIA Debt Service Account means the account within the Junior Subordinate Obligations Fund established and created pursuant to the Indenture.
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TIFIA Debt Service Account has the meaning provided in the [Indenture][the TIFIA Supplemental Indenture].
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Examples of TIFIA Debt Service Account in a sentence

  • Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien (i) on the Pledged Taxes or the Borrower’s or the TIFIA Lender’s rights in respect thereof or (ii) on the TIFIA Debt Service Account, the TIFIA Reserve Account, the Revenue Sharing Account or any Construction Account.

  • The Borrower may make any such payment or portion thereof (or direct the Trustee to make such payment) with funds then on deposit in the TIFIA Debt Service Account.

  • The Borrower may make, or cause to be made, any such payment (or portion thereof) with funds then on deposit in the TIFIA Debt Service Account.

  • Payment of the obligations of the Borrower under this TIFIA Bond is secured by and payable from (i) the Pledged Taxes and (ii) the amounts, if any, in the TIFIA Debt Service Account, the TIFIA Reserve Account and the Construction Account related to such TIFIA Loan, in each case pursuant to the Bond Documents, including the TIFIA MCA Master Resolution.

  • The Borrower may make, or caused to be made, any such payment (or portion thereof) with funds then on deposit in the TIFIA Debt Service Account.

  • In the event that an Interim Payment Date is other than the first Business Day of a calendar month, the method for calculating any amount required to be transferred or deposited into the TIFIA Debt Service Account pursuant to this Section 9(c) shall be determined at such time by the parties hereto.

  • The‌ Borrower may make, or cause to be made, any such payment (or portion thereof) with funds then on deposit in the TIFIA Debt Service Account.

  • In the event that an Interim Payment Date is other than the first Business Day of a calendar month, the method for calculating any amount required to be transferred or deposited into the TIFIA Debt Service Account pursuant to this Section 9(e) (Accrual of Amounts on Interim Payment Dates) shall be determined at such time by the parties hereto.

  • The Borrower may make, or causedcause to be made, any such payment (or portion thereof) with funds then on deposit in the TIFIA Debt Service Account.

  • Except as may be entitled to priority as a matter of law, the TIFIA Debt Service Account, the TIFIA Reserve Account, the Revenue Sharing Account and each Construction Account shall be free and clear of any Lien thereon or with respect thereto, and all corporate action on the part of the Borrower to that end has been duly and validly taken.


More Definitions of TIFIA Debt Service Account

TIFIA Debt Service Account has the meaning set forth in the Collateral Agency Agreement.
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TIFIA Debt Service Account has the meaning set forthprovided in the TIFIA Bond Resolution.
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TIFIA Debt Service Account means the sub-account established under the Third Tier Debt Service Account pursuant to the Indenture, which sub-account is dedicated to paying debt service in respect of the TIFIA Bond.
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TIFIA Debt Service Account means the Debt Service Account 2021 TIFIA NOTE SUB LIEN under the Subordinate Lien Debt Service Fund, established pursuant to the TIFIA Supplemental Indenture.
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Related to TIFIA Debt Service Account

  • 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.

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

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

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

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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 [*];

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

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

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

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

  • Collection Accounts As defined in Section 3.10(a).

  • Note Account As defined in the Indenture.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Compliance account means a NOx allowance tracking system account, established by the U.S. EPA for a NOx budget unit under section 10 of this rule, in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for an ozone control period for the purpose of meeting the unit’s NOx budget emissions limitation.

  • Debt Service means, with respect to any particular period of time, the scheduled principal and interest payments due under this Agreement and the Note.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.