Debt Account definition

Debt Account means an account or accounts required to be established by the Issuer (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures pursuant to and in accordance with this Indenture;
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Debt Account means an account or accounts established by the Issuer (and maintained by and subject to the control of the Trustee) for a Series pursuant to and in accordance with this Indenture.
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Debt Account means the bank account attached to your existing mortgage, personal loan or credit card debt, that you authorise Wisr to pay your Rounds-Ups into;
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Examples of Debt Account in a sentence

  • Each such Debt Account shall be maintained by and be subject to the control of the Trustee for the purposes of this Indenture.

  • Funds in the Foreign Debt Account shall not be used for any purpose other than disbursement of Facility Costs denominated in U.S. Dollars or funding of reserves for the payment of principal and interest on the Loans, or, after conversion into RMB, transfer to the RMB Checking Account for disbursement of Facility Costs denominated in RMB.

  • The holder hereof shall not have the right to demand payment of this obligation from any sources or properties of the City except the General Airport Revenues held in the Subordinated Debt Account of the Surplus Revenue Fund including the earnings on such General Airport Revenues.

  • This Bank Note payable solely from the General Airport Revenues held in the Subordinated Debt Account of the Surplus Revenue Fund (as defined in the Reimbursement Agreement) including the earnings on such General Airport Revenues, and this Bank Note does not constitute a legal or equitable pledge, charge, Lien or encumbrance upon any other property of the City.

  • To secure the payment of all Payment Obligations and the Bank Note, the City hereby pledges, places a first Lien upon and assigns to the Bank the Surplus Revenues held in the Subordinated Debt Account of the Surplus Revenue Fund, including the earnings on such Surplus Revenues.

  • You acknowledge that You remain solely responsible for ensuring that any minimum payments required to be made to a Debt Account are made in a timely manner.

  • Recovery and Parity Debt Account; School Bond Account 30 Section 508.

  • Each such Debt Account shall be maintained by and be subject to the control of the Indenture Trustee for the purposes of this Indenture.

  • The Corporation will establish and maintain with the Trustee a Debt Account for each series of Debentures.

  • The Trustee will establish and maintain for the residual benefit of the Issuer, a Debt Account for each series of Debentures.


More Definitions of Debt Account

Debt Account means an account or accounts required to be established by the Trust (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures pursuant to and in accordance with this Indenture;
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Debt Account means account no. ▇▇▇▇▇▇▇▇ of the Borrower maintained with Citibank.
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Related to Debt Account

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “▇▇▇▇▇ Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

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

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]