Interest Payment Account definition

Interest Payment Account means each of the Senior Notes Interest Payment Account, the Senior Subordinated Notes Interest Payment Account and the Subordinated Notes Interest Payment Account.

Interest Payment Account means the account wherein the interest amount due to be paid by the borrower/issuer is deposited.

Interest Payment Account means the account referenced in Section 2.3.5 of the Disbursement Agreement and established pursuant to the Company Collateral Account Agreements.

Examples of Interest Payment Account in a sentence

• The Company may also direct such excess moneys in the Principal and Interest Payment Account or such part of other moneys of the Company, as the Company may direct, to be applied by the Trustee for the purchase of Bonds in the open market for the purpose of cancellation.

• Application of Moneys in the Principal and Interest Payment Account.

• All other moneys received by the Trustee under and pursuant to any of the provisions of the Lease, except Additional Rent, or when accompanied by directions from the person depositing such moneys that such moneys are to be paid into the Principal and Interest Payment Account.

• If the principal of the Bonds shall have become due and payable pursuant to Section 901 of this Indenture, upon the date of payment by the Trustee of any moneys due as hereinafter provided in Article IX of this Indenture, any balance remaining in the Project Fund shall, without further authorization, be deposited in the Principal and Interest Payment Account by the Trustee.

• In accordance with Section 3.5(b) of the Depositary Agreement, Borrower hereby requests that $[●] be withdrawn from the Interest Payment Account and transferred in the amounts and to the Person(s) as set forth in greater detail in Part D of the attached Schedule I to pay the amounts described in Section 3.5(b) of the Depositary Agreement.

More Definitions of Interest Payment Account

Interest Payment Account has the meaning assigned to such term in the Collateral Agency Agreement.

Interest Payment Account means the account designated as such, established and maintained pursuant to Section 5.01.

Interest Payment Account means the account established by the Borrower with the Disbursement Agent pursuant to the Borrower Collateral Account Agreement into which the proceeds of the Loans shall be deposited by the Administrative Agent from time to time.

Interest Payment Account shall have the meaning assigned to such term in Section 2.2(e).

Interest Payment Account shall have the meaning given to that term in the Issuer Accounts Agreement.

Interest Payment Account means the Interest Payment Account of the CFC Debt Service Fund created in Section 5.01 of this CFC Master Trust Agreement.

Interest Payment Account and "Pre-Completion Revenues Account" are defined in the Disbursement Agreement.