Defeasance Escrow Account definition

Defeasance Escrow Account means any trust account into which money and/or Defeasance Securities are deposited for the purpose of defeasing any Bonds in accordance with Section 9.02 of the 2010 Master Indenture.
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Defeasance Escrow Account means any trust account into which money and/or Defeasance Securities are deposited for the purpose of defeasing any Notes in accordance with the Master Indenture.
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Defeasance Escrow Account means an account to be established and held by the Fiscal Agent in connection with the defeasance of Bonds in accordance with Section 9.02 hereof.
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Examples of Defeasance Escrow Account in a sentence

  • The Series 2014 Debt Service Fund and any other Fund or Account created hereunder (excluding any Defeasance Escrow Account), shall be held by the Trustee, for the benefit of the Owners of the Series 2014 Bonds as specified in this Indenture.

  • Any Defeasance Escrow Account shall be held solely for the benefit of the Owners of the Series 2014 Bonds to be paid therefrom as provided in the agreement governing such Defeasance Escrow Account.

  • Any Defeasance Escrow Account shall be held for the benefit of the Owners of the Bonds to be paid therefrom as provided in the agreement governing such Defeasance Escrow Account.

  • Annual Review of Tax Revenues; Compliance with Plan Limits; Defeasance Escrow Account The Indenture requires that the Agency annually cause to be prepared a report which sets forth the estimated annual and cumulative total amount of tax increment revenues remaining available to be received by the Agency under the Redevelopment Plan’s plan limits (the “Remaining Limit Amount”), the estimated Current Year Obligations (as defined below), and the estimated Future Obligations (as defined below).

  • There is hereby created by the District and ordered established with the Agent an account hereby designated "School District of Altoona Defeasance Escrow Account" (the "Escrow Account").

  • Amounts in the Defeasance Escrow Account, including interest earned thereon, shall only be used to (a) prepay the Bonds and any Parity Debt, in such manner as the Agency shall determine, or (b) pay debt service on the Bonds and any Parity Debt.

  • Seller shall maintain the Bond Defeasance Escrow Account in the form presented to Buyer at Closing.

  • Amounts remaining in the Defeasance Escrow Account following payment in full or defeasance of the Bonds and all Parity Debt shall be transferred to the Agency for any lawful purpose under the Law.

  • Seller shall not withdraw funds from the Bond Defeasance Escrow Account or use the funds deposited therein except to defease or redeem and/or fund the debt service on the portion of the Xxxxxxx County Hospital Authority Revenue Anticipation Certificates (Southern Regional Medical Center Project), Series 1998A, attributable to the acquisition of the Purchased Assets (the “Allocated Portion of the Bonds”).

  • If the ERATE program does not fund this service, then this RFP becomes canceled and PPLD will pursue other options for the period July 1, 2021 through June 30, 2022.


More Definitions of Defeasance Escrow Account

Defeasance Escrow Account means any trust account into which money and/or Defeasance Securities are deposited for the purpose of defeasing any Bonds in accordance with Section 11.2 hereof.
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Defeasance Escrow Account means the Defeasance Escrow Account created pursuant to the Indenture, as described in APPENDIX G—“SUMMARY OF CERTAIN PROVISIONS IN THE INDENTURE” herein.
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Related to Defeasance Escrow Account

  • Defeasance Deposit means an amount equal to the remaining principal amount of the Note, the Defeasance Payment Amount, any costs and expenses incurred or to be incurred in the purchase of U.S. Obligations necessary to meet the Scheduled Defeasance Payments and any revenue, documentary stamp or intangible taxes or any other tax or charge due in connection with the transfer of the Note or otherwise required to accomplish the agreements of Sections 2.4 and 2.5 hereof (including, without limitation, any fees and expenses of accountants, attorneys and the Rating Agencies incurred in connection therewith).

  • Defeasance Collateral means: (i) a Xxxxxxx Mac Debt Security, (ii) a Xxxxxx Mae Debt Security, (iii) U.S. Treasury Obligations, or (iv) FHLB Obligations.

  • Defeasance Date shall have the meaning set forth in Section 2.5.1(a)(i) hereof.

  • Defeasance Event shall have the meaning set forth in Section 2.5.1(a) hereof.

  • Defeasance Agent means another financial institution which is eligible to act as Trustee hereunder and which assumes all of the obligations of the Trustee necessary to enable the Trustee to act hereunder. In the event such a Defeasance Agent is appointed pursuant to this Section, the following conditions shall apply:

  • Defeasance Period is defined in the Note, if applicable.

  • Defeasance Obligations means any of the following obligations:

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Scheduled Defeasance Payments shall have the meaning set forth in Section 2.5.1(b) hereof.

  • Defeasance Securities means (i) Federal Securities, (ii) noncallable obligations of an agency or instrumentality of the United States of America, including obligations that are unconditionally guaranteed or insured by the agency or instrumentality and that, on the date the Commissioners Court adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise provide for the funding of an escrow to effect the defeasance of the Bonds are rated as to investment quality by a nationally recognized investment rating firm not less than "AAA" or its equivalent, (iii) noncallable obligations of a state or an agency or a county, municipality, or other political subdivision of a state that have been refunded and that, on the date the Commissioners Court adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise provide for the funding of an escrow to effect the defeasance of the Bonds, are rated as to investment quality by a nationally recognized investment rating firm no less than "AAA" or its equivalent, and (iv) any other then authorized securities or obligations under applicable State law that may be used to defease obligations such as the Bonds.

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

  • 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.

  • Defeasance has the meaning specified in Section 1302.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

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

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

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

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

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