Income Account definition

Income Account means a demand deposit account established by the Seller with a bank satisfactory to the Administrative Agent under the provisions of Section 8, which shall be subject to the control of the Administrative Agent.

Income Account means an account referred to in paragraph 5 of Part A of Schedule 3 to this Agreement;

Income Account shall have the meaning assigned to it in Section 3.02.

Examples of Income Account in a sentence

• Such expenses shall be paid from the Income Account, or to the extent funds are not available in such Account, from the Capital Account, against an invoice or invoices therefor presented to the Trustee by the Depositor.

• The terms "Income Account Distribution Date" and "Capital Account Distribution Date" shall mean the dates set forth under "Essential Information--Distribution Dates" in the Prospectus.

• The terms "Income Account Record Date" and "Capital Account Record Date" shall mean the dates set forth under "Essential Information--Record Dates" in the Prospectus.

• Section 3.05 is hereby amended by adding the following as subsection (b)(vi): (b)(vi) Notwithstanding the foregoing, the Trustee shall not be required to make a distribution from the Income Account or the Capital Account unless the aggregate cash available for distribution within the meaning of Treas.

• The net proceeds of any sale of Securities representing income shall be credited to the Income Account and then disbursed therefrom for payment of expenses and payments to Unitholders as otherwise provided in this Indenture.

More Definitions of Income Account

Income Account means the Account by that name created and established by Section 4.1 hereof.

Income Account means the account referred to in clause 22 hereof.

Income Account means an account relating to the income property of the scheme;

Income Account shall have the meaning specified in Section 4 of this Agreement.

Income Account means the Wyoming wildlife and natural resource trust income account created by W.S. 9‑15‑103(b);

Income Account shall have the meaning specified in Section 6.

Income Account means an account relating to the income property of the company;