Debt Service Escrow Account definition

Debt Service Escrow Account means that account established pursuant to Section 5.04 of the Indenture into which Excess Cash shall be deposited until it has $2,000,000 at any time that the amount in the Debt Service Escrow Account is below $2,000,000 prior to the deposit of any Excess Cash into the Sinking Fund.
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Examples of Debt Service Escrow Account in a sentence

  • The President reiterated that reasonable DFA proposals will be considered; it is not a budget issue.

  • Whether you did it by means of the General Register (in person) or electronically (this option, in case you have a digital certificate).

  • From this point the town line of Lyndon will extend Westerly along the Caribou/Connor boundary to a point of intersection with the town line of New Sweden at Latitude 46.95574 and Longitude -68.06271, it then goes South along the Caribou/New Sweden then Woodland town line to a point of Latitude 46.88072 and Longitude -68.06120.

  • Such special meetings shall be held at the time specified in the notice of request.

  • Reflection R has been measured by arranging four units (a photo image is shown in Fig.

  • Issuer may, at its option, conduct additional Dutch Auctions during the calendar year using funds in Debt Service Escrow Account, the Sinking Fund or both to purchase Senior Debentures in such Dutch Auctions.

  • Because these definitions havecreated some confusion within the industry, the FDIC believed thateliminating them from part 338 would create consistency by automaticallysubjecting insured state nonmemberbanks to the relevant definitions in the Federal Reserve Board’s Regulations B and C (12 CFR parts 202 and 203).Regulation B implements the Equal Credit Opportunity Act (ECOA, 15U.S.C. 1691–1691f), and Regulation C implements the Home MortgageDisclosure Act (HMDA, 12 U.S.C. 2801– 2810).

  • In the event the amount described in clause (ii) is deposited with Lender, such additional collateral shall be held by Lender until such time as Borrower shall have deposited a total of $9,320,000 into the Debt Service Escrow Account.

  • At the closing of the first Extension Period, Borrower shall pay to Lender a one-time non-refundable fee of $2,000 in connection with the administration of the Debt Service Escrow Account.

  • The contractor shall provide expertise in the planning and execution of aviation range safety as it pertains to aviation range certification IAW MCO 3550.9A.

Related to Debt Service Escrow Account

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • 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.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • 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.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Debt Service Reserve Fund Requirement means, with respect to the 2017 Series B Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2017 Series B Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

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

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

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

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.