Equity Earnings definition

Equity Earnings means all or any part of the Net Earnings derived from the investment or deposit of Allocated Equity related to the Prior Loans or Prior Local Governmental Obligations held in the Leveraged Bond Fund and the 2014 Debt Service Reserve Fund, and any other fund or account established under the Program Resolution or under the Bond Resolution, in each case to the extent provided in the Equity Allocation Certificate;
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Equity Earnings means all or any part of the Net Earnings derived from the investment or deposit of Allocated Equity held in the applicable Account or Subaccount in the Leveraged Bond Fund and in the related Debt Service Reserve Fund, and any other fund, account or subaccount established hereunder or under a Bond Resolution, in each case to the extent provided in an Equity Allocation Certificate, including without limitation any amounts received by the Trust on account of the exercise of any right or remedy granted or available under law or any Investment Obligation upon the occurrence of a default by the Investment Obligor thereunder;
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Examples of Equity Earnings in a sentence

  • Credit Provider shall have a perfected first lien security interest on the Equity Capital and all Equity Earnings.

  • For purposes hereof, Borrower does hereby grant to Credit Provider a first lien security interest in and to all Equity Capital and all Equity Earnings.

  • If Credit Provider consents to any extra work or materials or changes that increase the total cost of the Project, the cost of the extra work or materials will be withdrawn from the Equity Earnings or, if sufficient Equity Earnings are not available, Borrower shall immediately deposit the amount of the cost thereof with Credit Provider to be disbursed by Credit Provider upon completion of such extra work or materials or changes.

  • Borrower shall cause the financial institution(s) which holds the Equity Capital Account and Equity Earnings Account to enter into one or more control agreements with Credit Provider for the purpose of perfecting Credit Provider’s security interest in such funds and accounts.