Bond Service Account definition

Bond Service Account means the Bond Service Account in the Principal and Interest Fund established in Section 5.03.
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Bond Service Account means the account, so designated, in the Bond Service Fund further described in Article V of the Trust Agreement.
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Bond Service Account means the Bond Service Account in the Debt Service Fund created and designated by Section 502 of this Resolution, together with any subaccount therein designated by this Resolution or any applicable Series Resolution.
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Examples of Bond Service Account in a sentence

  • The 1974 Self- Insurance Fund also serves as an additional reserve for the payment of the principal of and interest on the Power Revenue Bonds, and meeting the amortization requirements to the extent that moneys in the Bond Service Account, the Redemption Account and the 1974 Reserve Account are insufficient for such purpose.

  • These restricted assets are held by the Trustee under the 1974 Agreement (see Note 3) in the following funds: 1974 Reserve Account – Reserve for payment of principal of and interest on Power Revenue Bonds in the event moneys in Bond Service Account or Redemption Account are insufficient for such purpose.

  • Bond Service Account and Redemption Account (1974 Sinking Fund) – Current year requirements for principal of and interest on Power Revenue Bonds.

  • Any payments made by a Security Instrument Issuer with respect to a Series of Bonds shall be deposited into the Series Subaccount in the Bond Service Account relating to such Series of Bonds, subject to the provisions of the Supplemental Indenture authorizing the issuance of such Series of Bonds.

  • Theexpense relating to any provision is presented in the Income Statement net of any reimbursement.If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability.

  • The Trustee shall pay out of the appropriate Series Subaccount in the Bond Service Account to the Security Instrument Issuer, if any, that has issued a Security Instrument with respect to such Series of Bonds an amount equal to any Security Instrument Repayment Obligation then due and payable to such Security Instrument Issuer.

  • In this way, the Incas reduced the chance of resistance to their rule.

  • The applicable sinking fund Redemption Price (or Principal amount of maturing Bonds) of any Bonds so purchased or redeemed shall be deemed to constitute part of the Bond Service Account until such Sinking Fund Installment date for the purpose of calculating the amount of such Account.

  • When the Trustee paid principal and interest on June 1, 2016, it emptied the Bond Service Account.

  • The Resolution established a special account called the “Sinking Fund,” which itself contains three separate accounts: the Bond Service Account, the Redemption Account, and the Reserve Account.


More Definitions of Bond Service Account

Bond Service Account means the special account created and designated in the Sinking Fund by the provisions of Section 5.02 hereof.
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Bond Service Account means the Bond Service Account in the Principal and Interest Fund established in Section 5.02 of the Indenture.
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Bond Service Account means the Bond Service Account in the Principal and Interest Fund established in Section 5.02. Bondholder
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Bond Service Account means the Bond Service Account in the Bond Service Fund established pursuant to the Resolutions for the payment of Bond Service Charges on the Bonds.
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Related to Bond Service Account

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • 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.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

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

  • Note Account As defined in the Indenture.

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

  • Administration Account As defined in Section 7.02.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

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

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

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

  • 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.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Holding Account means an account:

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • 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.

  • Private Account means the portion of a portfolio of a private client or mutual fund client for which the Adviser serves as investment adviser or subadviser.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.