Examples of Defeasance Account in a sentence

Debtor will duly and punctually pay, or cause the Custodian/Paying Agent to pay, the principal of the Purchase Money Notes in accordance with the terms of the Purchase Money Notes, this Agreement and the Custodial and Paying Agency Agreement and from moneys on deposit in the Defeasance Account.

More Definitions of Defeasance Account

Defeasance Account shall have the meaning specified in Section 9A of this Series Supplement.

Defeasance Account means a segregated trust or custodial account established and maintained at a branch of the Bank for the sole purpose of holding and distributing funds deposited into such account (i) pursuant to the Priority of Payments and Section 3.3 and (ii) as Excess Working Capital Advances advanced to cure any Purchase Money Notes Trigger Event.

Defeasance Account. As defined in Section 3.30(j).

Defeasance Account has the meaning given in the Custodial and Paying “Deficiency Balances” has the meaning given in the Contribution Agency Agreement.

Defeasance Account means any Deposit Account to be titled "Defeasance Account" or words of similar nature established or maintained for the benefit of the holders of Senior Secured Note Obligations (as defined in the Collateral Trust Agreement).

Defeasance Account means the Defeasance Account created under Section 5.01 hereof. “Default Rate” means the Taxable Rate plus six percent (6.00%) for the Bonds. “Depository” means any securities depository that is a clearing agency under federal law operating and maintaining, with its participants or otherwise, a book entry system to record ownership of book entry interests in Bonds, and to effect transfers of book entry interests in Bonds in book entry form, and includes and means initially The Depository Trust Company (a limited purpose trust company), New York, New York.

Defeasance Account means an Eligible Account in the name of Lender, its successors and assigns, or as maybe otherwise designated by Lender, into which all amounts received by Lender in connection with any prepayment or defeasance of the Note shall be deposited.