Escrowed Interest definition

Escrowed Interest means amounts irrevocably deposited in escrow in accordance with the requirements of Section 11-27-3, Utah Code, in connection with the issuance of refunding bonds or Cross-over Refunding Bonds secured by such amounts or earnings on such amounts which are required to be applied to pay interest on such Cross-over Refunding Bonds or the related Cross-over Refunded Bonds.

Escrowed Interest means amounts (but not including any interest earnings thereon, except as otherwise provided in the Loan Agreement) deposited in escrow in connection with the issuance of Long-Term Indebtedness and either held as cash or invested in noncallable Government Obligations to pay interest on such Long-Term Indebtedness (but shall not include capitalized or borrowed interest).

Escrowed Interest means amounts irrevocably deposited in escrow or earnings on such amounts which are required to be applied to pay interest on particular Bonds.

Examples of Escrowed Interest in a sentence

• If the Escrow Agent has not received a notice to release the Escrow Fund to the Investors by the close of business on the Release Date, the Escrow Agent shall transfer the Escrow Fund to the Investors in the respective amounts tendered by each Investor, together with that portion of the Escrowed Interest allocable to each respective Investor.

• The Escrow Agent is hereby appointed and hereby agrees to accept the Escrowed Funds (including the Escrowed Interest (as defined in Section 2(a)) and the Certificates and hold the same in escrow pursuant to the terms of this Agreement.

• That, upon final disbursement of funds sufficient to pay the principal on the Refunded Bonds and the Escrowed Interest Requirements as hereinabove provided for, the Escrow Agent will transfer any balance remaining in the Escrow Account to the Treasurer with due notice thereof mailed to the Board, and thereupon this Agreement shall terminate.

• The Village by the Bond Ordinance has authorized the issue and delivery of the Bonds, proceeds of which, together with certain funds of the Village on hand and legally available for such purpose, are to be used to refund the Refunded Bonds and provide for the Escrowed Interest Requirements by the deposit on demand and to purchase on behalf of the Village the Government Securities.

More Definitions of Escrowed Interest

Escrowed Interest means cash equal the amount sufficient for the Company to fully pay the initial four interest payments on the Notes, with the first such interest payment date being February 15, 2006, which the Company shall have deposited into the escrow account under the Escrow Agreement on the date of this Indenture.

Escrowed Interest means earnings on amounts irrevocably deposited in escrow in accordance with the requirements of Section 11-27-3, Utah Code Annotated 1953, as amended, in connection with the issuance of Cross-over Refunding Bonds, which earnings are required to be applied to pay interest on such Cross-over Refunding Bonds to and including the Cross-over Date.

Escrowed Interest means any interest earned by the Escrowed Funds while on deposit in the Escrow Account. Any interest, or other earnings and gains earned on the Escrow Fund shall be credited to the Investors, on a pro rata basis, notwithstanding anything herein to the contrary and further notwithstanding the termination or expiration of this Escrow Agreement for any reason whatsoever. Upon the release of the Certificates and Escrow Fund from the Escrow pursuant the terms and conditions herein, Escrow Agent shall promptly remit such interest or other such earnings pro rata to the Investors.

Escrowed Interest means the Nevada Group’s right, title and interest in and to its Partnership Interest in the Joint Venture deposited with the Escrow Agent, including all Deposits and Permitted Investments.

Escrowed Interest means amounts irrevocably deposited in escrow in accordance with the requirements of Section 11–27–3 of the Utah Code and earnings on such amounts that are required to be applied to pay interest on Bonds.

Escrowed Interest means amounts irrevocably deposited in escrow in accordance with the requirements of Section 11-27-3, Utah Code Annotated 1953, as amended, in connection with the issuance of Bonds or Cross-over Refunding Bonds secured by such Cross-over Refunding Bonds or earnings on such amounts which are required to be applied to pay interest on such Cross- over Refunding Bonds or the related Cross-over Refunded Bonds. Estimated Completion Date

Escrowed Interest has the meaning given in Section 2.4.