Coverage Account definition

Coverage Account means the Coverage Account established within the General Fund pursuant to Section 502(b).
Coverage Account means the Coverage Account established and maintained pursuant to the terms of the Trust Indenture.
Coverage Account means the account established for the Agency either

Examples of Coverage Account in a sentence

  • Funds deposited in the Interest Coverage Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

  • The Trustee shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount remitted on the Closing Date to the Trustee by the Depositor.

  • The Trustee shall, promptly upon receipt, deposit in each Interest Coverage Account and retain therein the related Interest Coverage Amount, remitted on the Closing Date to the Trustee by the Depositor.

  • The Interest Coverage Account shall be an Eligible Account or a sub account of an Eligible Account.

  • The amount on deposit in the Initial Interest Coverage Account shall be invested in Eligible Investments in accordance with the provisions of Section 5.05.

  • Any investment earnings on the Initial Interest Coverage Account will be treated as owned by the Seller and will be taxable to the Seller.

  • The Initial Interest Coverage Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and will not be part of any REMIC.

  • Collectively, the Collection Account, the Initial Interest Coverage Account, the Pre-Funding Account and the Distribution Account.

  • Funds deposited in the Interest Coverage Account shall be held in trust by the Paying Agent for the Certificateholders for the uses and purposes set forth herein.

  • Moreover, additional servicing compensation in the form of prepayment penalties or late payment charges or other receipts not required to be deposited in the Collection Account, including, without limitation, Foreclosure Profits and, subject to Section 5.05, investment income on the Accounts (other than the Initial Interest Coverage Account) shall be retained by the Servicer.


More Definitions of Coverage Account

Coverage Account means the account established for the Agency either with the District or with a Depository, as provided in Article 18 hereof.
Coverage Account means an account established for the Participant either with the District or with a Depository, as provided in Article 24 hereof.
Coverage Account means an account listed on the coverage list attached hereto as Schedule A, which Schedule A forms a part of this agreement.

Related to Coverage Account

  • Brokerage Account means any account with a broker, dealer or bank that may hold securities.

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

  • 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;

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

  • 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.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

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

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

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

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

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

  • Excess Loss Account has the meaning set forth in Treas. Reg. Section 1.1502-19.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Holding Account means an account:

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Active Account means an individual investment account in the Plan with a balance greater than $0.

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

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

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

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • 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.

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