General Debt Service Account definition

General Debt Service Account means the account so designated and established pursuant to Section 5.2 of this Indenture.
Sample 1
General Debt Service Account means the account so designated established pursuant to Section 6.02 in the Bond Fund with the Tender Agent.
Sample 1

Examples of General Debt Service Account in a sentence

  • There is hereby established with the Trustee and the Paying Agent, a Bond Fund, within which there shall be established (i) the General Account with the Trustee, (ii) the General Debt Service Account with the Paying Agent, and (iii) the Letter of Credit Debt Service Account with the Paying Agent.

  • All moneys held by the Trustee in the General Account shall be made available to the Tender Agent for deposit into the General Debt Service Account and applied in accordance with this Indenture (i) to pay the principal or redemption price of Bonds as they mature or become due, upon surrender thereof, and the interest on Bonds as it becomes payable and (ii) to reimburse the Bank for drawings on the Letter of Credit to make such payments.

  • There is hereby established with the Trustee and the Tender Agent as described in this Section a Bond Fund, within which there shall be established a General Account with the Trustee, a General Debt Service Account with the Tender Agent and a Letter of Credit Debt Service Account with the Tender Agent.

  • All moneys held by the Trustee in the General Account shall be made available to the Paying Agent for deposit into the General Debt Service Account and applied in accordance with this Indenture (x) to pay the principal or redemption price of Bonds as they mature or become due, upon surrender thereof, and the interest on Bonds as it becomes payable and (y) to reimburse the Bank for drawings on the Letter of Credit to make such payments.

Related to General Debt Service Account

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Note Account As defined in the Indenture.

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

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

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Facility Account means the Seller’s Account No. 55-66681 at Bank One.

  • Debt Service means, with respect to any particular period of time, the scheduled principal and interest payments due under this Agreement and the Note.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.