Excess Funds Subaccount definition

Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.
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Excess Funds Subaccount means the excess funds subaccount established by the Indenture Trustee pursuant to Section 8.02(a) of the Indenture.
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Excess Funds Subaccount with respect to the Bonds, has the meaning specified in Section 8.02(a) of the Indenture and, with respect to any Additional Bonds, the meaning set forth in the applicable Additional Indenture.
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Examples of Excess Funds Subaccount in a sentence

  • The Collection Account will consist of three subaccounts: a general subaccount (the “General Subaccount”), an excess funds subaccount (the “Excess Funds Subaccount”) and a capital subaccount (the “Capital Subaccount” and, together with the General Subaccount and the Excess Funds Subaccount, the “Subaccounts”).

  • The amount that is deposited to the Excess Funds Subaccount may be higher/lower if remittances to the General Subaccount are higher/lower than such estimated amount.

  • The amount that is deposited to the Excess Funds Subaccount may be less/more if remittances to the General Subaccount are lower/higher than such estimated amount.

  • There shall be established by the Indenture Trustee in respect of the Collection Account three subaccounts: a general subaccount (the “General Subaccount”); an excess funds subaccount (the “Excess Funds Subaccount”); and a capital subaccount (the “Capital Subaccount” and, together with the General Subaccount and the Excess Funds Subaccount, the “Subaccounts”).

  • The Excess Funds Subaccount will hold any nuclear asset-recovery charge collections and investment earnings on amounts in the Collection Account in excess of the amounts needed to pay current principal of and interest on the nuclear asset-recovery bonds and to pay other Periodic Payment Requirements (including, but not limited to, funding or replenishing the Capital Subaccount).

  • Firstly, local services are being delivered in an increasingly diverse range of ways that move away from a traditional model of service delivery.

  • The funds in this Excess Funds Subaccount will be invested by the indenture trustee in short-term high-quality investments, and such funds (including investment earnings thereon) will be used by the indenture trustee to reduce the nuclear asset-recovery revenue requirement for purposes of the true-up adjustment.

  • The amount that is withdrawn from the Excess Funds Subaccount may be greater if remittances to the General Subaccount are lower than such estimated amount.

  • Only government debt has benchmark status and only that of some countries: Japanese government bonds in the yen market, US Treasuries in the US$ market, German bunds in the Euro market, UK Treasuries in the pound market.

  • Initially the Collection Account shall be divided into three subaccounts, which need not be separate accounts: a general subaccount (the “General Subaccount”); an excess funds subaccount (the “Excess Funds Subaccount”); a capital subaccount (the “Capital Subaccount” and, together with the General Subaccount and the Excess Funds Subaccount, the “Subaccounts”).


More Definitions of Excess Funds Subaccount

Excess Funds Subaccount. Balance: c)
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Excess Funds Subaccount means any residual or excess funds subaccount of the Collection Account other than the Reserve Subaccount.
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Related to Excess Funds Subaccount

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."