Interest Account definition

Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

Interest Account means the account by that name established and held by the Trustee pursuant to Section 4.03(a).

Interest Account means an interest bearing account described as such in the name of the Issuer with the Account Bank into which Interest Proceeds are to be paid.

Examples of Interest Account in a sentence

The Trustee shall be entitled to reimbursement for such advancement from interest received by the respective Trust before any further distributions shall be made from the Interest Account to Unitholders of such Trust.
Subsequent distributions of funds from the Interest Account of a Trust shall be made on the Monthly Record Dates of a Trust as described herein.
For each Trust the First General Record Date and the amount of the second distribution of funds from the Interest Account shall be the record date for the Interest Account and the amount set forth under "Summary of Essential Information" in the Prospectus.
Nothing herein shall be construed to prevent the payment of amounts from the Interest Account and the Principal Account of a Trust to individual Unitholders by means of one check, draft or other proper instrument, provided that the appropriate statement of such distribution shall be furnished therewith as provided in Section 3.06 hereof.
After any such distribution provided for above, any cash balance remaining in an Interest Account or Principal Account of a Trust shall be held in the same manner as other amounts subsequently deposited in each of such Interest and Principal Accounts, respectively.

Interest Account means the account by that name established in the Revenue Fund pursuant to Section 5.02.

Interest Account means the account by that name in the Bond Fund established pursuant to Section 5.02.

Interest Account means the interest-bearing account for the Trust’s assets maintained with the Depository pursuant to the Deposit Account Agreement.

Interest Account has the meaning ascribed thereto in Section 10.1(h);

Interest Account means the account by that name within the Bond Fund established pursuant to Section 5.02.

Interest Account means a hypothetical investment account bearing interest at the rate of one hundred and twenty percent (120%) of the applicable federal long-term rate, compounded annually, and set as of the first day of each Plan Year.

Interest Account means an interest-bearing account of the Issuer with the Account Bank into which Interest Proceeds are to be paid.