Bond Account Sample Clauses

Bond Account. (a) On or prior to the Closing Date for a Series, the Indenture Trustee or other Paying Agent shall open and shall thereafter cause to be maintained, or the Issuer shall cause a Paying agent to open and thereafter to cause to be maintained, one or more accounts (collectively, as to any Series, the "Bond Account") out of which payments on the Bonds of such Series shall be made. Each such account constituting the Bond Account for any Series shall be maintained in such manner and/or with such depository institutions as shall be specified in the related Terms Indenture. The Bond Account for any Series shall relate solely to the Bonds of such Series, and funds in the Bond Account for any Series shall not be commingled with any monies in any other Account. All payments to be made from time to time to the Holders of any Series out of funds in the Bond Account for such Series pursuant to this Indenture shall be made by the Indenture Trustee or other Paying Agent. The Indenture Trustee or such other Paying Agent shall make deposits to and disbursements from the Bond Account for a Series, and shall invest any and all amounts held therein from time to time, as provided in the related Terms Indenture and any applicable Servicing and Administration Agreement. All monies deposited from time to time in the Bond Account for a Series pursuant to this Indenture and all investments made with such monies, including all income or other gain from such investments, shall be held by the Indenture Trustee or other Paying Agent in such Bond Account as part of the Trust Estate for the related Series as herein provided, subject to withdrawal by the Indenture Trustee or such other Paying Agent for the purposes set forth in the related Terms Indenture. The Indenture Trustee or other Paying Agent shall promptly notify the Issuer, the Indenture Trustee (if it is not the Paying Agent), each Rating Agency for the related Series and any other Person required to make deposits to a Bond Account of the location of such Bond Account when first established and prior to any change in such location.
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Bond Account. (a) On or before the Closing Date, the Issuer shall direct the Trustee in writing to open, at the Corporate Trust Office one or more accounts that shall collectively be the "Bond Account". The Trustee shall promptly deposit in the Bond Account (i) all Remittances received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.04 and (v) all other amounts received for deposit in the Bond Account. All amounts that are deposited from time to time in the Bond Account, and all investments, if any, made with such moneys shall be held by the Trustee in the Bond Account as part of the Trust Estate as herein provided, subject to withdrawal by the Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02, except that the Trustee shall be entitled to all income or other gain from such investments. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 3.03.
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Bond Account. (a) On or prior to the date hereof, the Indenture Trustee shall establish (and, at all times thereafter, the Indenture Trustee shall maintain) the Bond Account for the Bonds. The Bond Account shall consist solely of one or more Eligible Accounts established and maintained in the name of the Indenture Trustee (in such capacity) and, in each case, bearing a designation clearly indicating that such account and all funds deposited therein are held for the exclusive benefit of the Bondholders and, subject to the lien of this Indenture, the Issuer. The Indenture Trustee shall deposit or cause to be deposited in the Bond Account, upon receipt, (i) any and all amounts in respect of the Mortgage Collateral remitted or advanced under the Servicing and Administration Agreement from time to time and (ii) any amounts required to be deposited by the [General Administrator] in connection with losses incurred with respect to investments of funds held in the Bond Account. Except as provided in this Indenture, the Indenture Trustee, in accordance with the terms of this Indenture, shall have exclusive control and sole right of withdrawal with respect to the Bond Account. Funds in the Bond Account shall not be commingled with any other monies. All monies deposited from time to time in the Bond Account (including any securities or instruments in which such monies are invested) shall be held by and under the control of the Indenture Trustee in the Bond Account for the benefit of the Bondholders and the Issuer as herein provided; provided, however, that all income and gain, if any, from monies or investments on deposit in the Bond Account shall constitute additional compensation for the [General Administrator] and shall be subject to withdrawal at its direction from time to time. Any losses resulting from or arising in connection with investments of funds in the Bond Account shall be for the account of the [General Administrator] (who shall promptly deposit into the Bond Account the amount of any such losses).
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Bond Account. (a) A Bond Account is hereby established with the Trustee and money shall be deposited therein as provided in this Indenture. Accrued interest received upon the sale of Notes (if so specified by Series Resolution) or Senior Bonds shall be deposited in the Bond Account. Two subaccounts are hereby established in the Bond Account: the Pre-’07 S-1 Senior Subaccount and the Post-’07 S-1
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Bond Account. (a) The Issuer hereby directs the Indenture Trustee to establish, at the Corporate Trust Office one or more accounts that shall collectively be the "Bond Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Bond Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, and (v) all other amounts received for deposit in the Bond Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Bond Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 3.03.
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Bond Account. Article 1 When applying for opening a bond account, Party A shall select at its own discretion a financial institution qualified for settlement agency business as its agent in accordance with relevant provisions, and through such agent, submit to Party B its application for account opening, the power of attorney issued by Party A to such agent for bond settlement as well as other documents deemed by Party B as necessary for account opening (hereinafter referred to as the “account opening documents”). Party A warrants that Party A is lawfully qualified for bond investment; the funds to be used for bond investment is operated or managed by itself and subject to no prohibitions or restrictions relating to bond investment activities imposed by laws and regulations; and all the account opening documents submitted by Party A to Party B are truthful, lawful (compliant) and valid.
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Bond Account. (a) On or prior to the date hereof, the Indenture Trustee shall establish a segregated trust account (the "Bond Account") at its Corporate Trust Office in Chicago, Illinois (or such other financial institution as necessary to ensure that the Bond Account is at all times an Eligible Account) in its name, as Indenture Trustee, bearing a designation clearly indicating that such account and all funds deposited therein are held for the exclusive benefit of the Bondholders and the Issuer. The Indenture Trustee shall deposit or cause to be deposited in the Bond Account, upon receipt (i) all payments and other collections received on or in respect of the Mortgage Loans subsequent to the commencement of the initial Collection Period. Except as provided in this Indenture, the Indenture Trustee, in accordance with the terms of this Indenture, shall have exclusive control and sole right of withdrawal with respect to the Bond Account. Funds in the Bond Account shall not be commingled with any other monies. All monies deposited from time to time in the Bond Account (including any securities or instruments in which such monies are invested) shall be held by and under the control of the Indenture Trustee in the Bond Account for the benefit of the Bondholders and the Issuer as herein provided.
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Bond Account. Article 1 When applying for a bond account, Party A shall select at its own discretion a financial institution qualified for settlement agency business as its BSA, and the BSA shall, on behalf of its client, file with Party B an account opening application form, the power of attorney issued by Party A as well as other documents deemed by Party B as necessary for account opening (hereinafter referred to as “account opening documents”). Party A warrants that it is legally qualified for bond investment, and that its bond investment is operated or managed by its own and is subject to no prohibitions or restrictions imposed by laws and regulations relating to bond investment activities. Party A also warrants that the account opening documents submitted by Party A to Party B are truthful, compliant with laws (or business rules) and valid.
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Bond Account. (a) On or before the Closing Date, the Issuer shall direct the Indenture Trustee in writing to open, at the Corporate Trust Office one or more accounts that shall collectively be the "Bond Account". The Indenture Trustee shall promptly deposit in the Bond Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Bond Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.07, (v) the Closing Date Deposit and (vi) all other amounts received for deposit in the Bond Account. All amounts that are deposited from time to time in the Bond Account, and all investments, if any, made with such moneys shall be held by the Indenture Trustee in the Bond Account as part of the Trust Estate as herein provided, subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02, except that the Issuer shall be entitled to all income or other gain from such investments. All funds withdrawn from the Bond Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Bonds shall be applied in accordance with Section 3.03.
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Related to Bond Account

  • Collateral Account (a) Secured Party is hereby authorized to establish and maintain as a blocked account under the sole dominion and control of Secured Party, a restricted Deposit Account designated as “Quidel Corporation Collateral Account”. All amounts at any time held in the Collateral Account shall be beneficially owned by Grantors but shall be held in the name of Secured Party hereunder, for the benefit of Beneficiaries, as collateral security for the Secured Obligations upon the terms and conditions set forth herein. Grantors shall have no right to withdraw, transfer or, except as expressly set forth herein or in the Credit Agreement, otherwise receive any funds deposited into the Collateral Account. Anything contained herein to the contrary notwithstanding, the Collateral Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or Government Authority, as may now or hereafter be in effect. All deposits of funds in the Collateral Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of a Grantor) of immediately available funds, in each case addressed in accordance with instructions of Secured Party. Each Grantor shall, promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile or E-mail (if and when confirmed by telephone) of the date, amount and method of delivery of such deposit. Cash held by Secured Party in the Collateral Account shall not be invested by Secured Party but instead shall be maintained as a cash deposit in the Collateral Account pending application thereof as elsewhere provided in this Agreement or in the Credit Agreement. To the extent permitted under Regulation Q of the Board of Governors of the Federal Reserve System, any cash held in the Collateral Account shall bear interest at the standard rate paid by Secured Party to its customers for deposits of like amounts and terms. Subject to Secured Party’s rights hereunder, any interest earned on deposits of cash in the Collateral Account shall be deposited directly in, and held in, the Collateral Account.

  • Certificate Account and Special Payments Account (a) The Trustee shall establish and maintain on behalf of the Certificateholders a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee under the Intercreditor Agreement, the Trustee upon receipt thereof shall immediately deposit the aggregate amount of such Scheduled Payment in the Certificate Account.

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”).

  • Segregated Account The Custodian shall upon receipt of Proper Instructions from the Fund on behalf of each applicable Portfolio establish and maintain a segregated account or accounts for and on behalf of each such Portfolio, into which account or accounts may be transferred cash and/or securities, including securities maintained in an account by the Custodian pursuant to Section 2.10 hereof, (i) in accordance with the provisions of any agreement among the Fund on behalf of the Portfolio, the Custodian and a broker-dealer registered under the Exchange Act and a member of the NASD (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Portfolio, (ii) for purposes of segregating cash or government securities in connection with options purchased, sold or written by the Portfolio or commodity futures contracts or options thereon purchased or sold by the Portfolio, (iii) for the purposes of compliance by the Portfolio with the procedures required by Investment Company Act Release No. 10666, or any subsequent release or releases of the Securities and Exchange Commission relating to the maintenance of segregated accounts by registered investment companies and (iv) for other proper corporate purposes, but only, in the case of clause (iv), upon receipt of, in addition to Proper Instructions from the Fund on behalf of the applicable Portfolio, a certified copy of a resolution of the Board of Trustees or of the Executive Committee signed by an officer of the Fund and certified by the Secretary or an Assistant Secretary, setting forth the purpose or purposes of such segregated account and declaring such purposes to be proper corporate purposes.

  • Special Account 1. For the purposes of this Schedule:

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

  • Custodial Accounts It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Revenue Account The Borrower and each other Loan Party acknowledges and confirms that, on or before the Effective Date and pursuant to the terms of this Agreement, Timberlands II has established and will maintain one or more accounts or InvestLine Related Loan Party Subaccounts at one or more Account Bank for the benefit of the Administrative Agent, as first priority secured party for the benefit of the Lender Parties, to serve as the “Revenue Account” (said account or accounts and any account or accounts replacing the same in accordance with this Agreement, collectively, the “Revenue Account”). Timberlands II shall cause and direct all amounts that are payable to it under the Master Stumpage Agreement from the harvesting of Timber to the Revenue Account. CatchMark TRS Subsidiary shall pay or credit directly into the Revenue Account, as and when due, all amounts owing by it to Timberlands II pursuant to the Master Stumpage Agreement. Each of the Borrower, CatchMark TRS Subsidiary and each other Loan Party acknowledges and confirms that, pursuant to the terms of this Agreement and the Master Stumpage Agreement, each of Timberlands II and CatchMark TRS Subsidiary and the other Loan Parties has and will give proper notice of the Revenue Account to the parties to the Master Stumpage Agreement.

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