Coverage Account definition

Coverage Account means the Coverage Account established within the General Fund pursuant to Section 502(b).
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Coverage Account means the Coverage Account established and maintained pursuant to the terms of the Trust Indenture.
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Coverage Account means the account established for the Agency either with the District or with a Depository, as provided in Article 18 hereof.
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Examples of Coverage Account in a sentence

  • At no time will the Interest Coverage Account be an asset of any REMIC created hereunder.

  • 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 Master Servicer shall deposit in the Interest Coverage Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss.

  • 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.

  • At no time shall either Interest Coverage Account be an asset of any Trust REMIC.

  • All income and gain realized from investment of funds deposited in the Pre-Funding Account shall be transferred to the Interest Coverage Account on the Business Day immediately preceding each Distribution Date.

  • The Depositor shall deposit in the Interest Coverage Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss.

  • The Servicer shall deposit in the Interest Coverage Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss.


More Definitions of Coverage Account

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