Interest Proceeds Account definition

Interest Proceeds Account means the account of that name in the name of the Issuer with the Account Bank or any further or other account so named or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(ii) (Interest Proceeds Account).
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Interest Proceeds Account shall have the meaning specified in the Collateral Administration Agreement.
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Interest Proceeds Account means the account in the name of the Issuer, the details of which are set forth in the Agency and Account Bank Agreement, held with the Account Bank through which the Issuer will finance the payment of interest on the Notes and fund Interest Facility Loans to the New VFZ Facilities Borrower. See “General Description of VodafoneZiggo’s Business, the Issuer and the Offering—Overview of the Structure of the Offering of the Notes”.
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Examples of Interest Proceeds Account in a sentence

  • For the avoidance of doubt, no Restricted Payments may be made except from the Interest Proceeds Account or the Principal Proceeds Account.

  • The Interest Proceeds Account Subsequent to the Issue Date, and from time to time, the Issuer will deposit into the Interest Proceeds Account: 1.

  • The Issuer will deposit the proceeds of any Interest Facility Loans so prepaid into the Interest Proceeds Account.

  • Subsequent to the Issue Date, and from time to time, the Issuer will deposit into the Interest Proceeds Account: 1.

  • The Interest Proceeds Account On the Issue Date, the Issuer made an Interest Facility Loan to VMIH in a principal amount equal to the aggregate amount which will be due and payable on the Additional Notes as interest on the first two Interest Payment Dates (the “Initial Interest Reserve Amount”) under the Interest Facility.

  • For the avoidance of doubt, no Restricted Payments may be made except from the Interest Proceeds Account or, prior to the end of the Availability Period, the Principal Proceeds Account.

  • All interest accrued on any of the Accounts from time to time shall be paid into the Interest Proceeds Account (to the extent applicable, following conversion thereof into Euro at the prevailing spot rate of exchange as determined by the Account Bank, at the direction of the Investment Manager), save to the extent that the Issuer is contractually bound to pay such amounts to a third party.

  • All interest accrued on such Eligible Investments (including capitalised interest received upon the sale, maturity or termination of any such investment) shall be paid to the Interest Proceeds Account.

  • Following redemption in full of the Senior Notes all amounts in the Interest Reserve Account shall be transferred to the Interest Proceeds Account.

  • No amounts shall be transferred to or withdrawn from the Payment Account at any other time or in any other circumstances, save that all interest accrued on the Payment Account shall be credited to the Interest Proceeds Account.


More Definitions of Interest Proceeds Account

Interest Proceeds Account means the interest bearing account described as such in the name of the Issuer with the Account Bank into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(ii) (Interest Proceeds Account).
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Interest Proceeds Account as defined in the Custodian Agreement, and any successor or replacement for such account.
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Interest Proceeds Account as defined in the Custodian Agreement. “Investments”: for any Person, (a) Capital Stock, bonds, notes, debentures or other securities of any other Person or any agreement to acquire any Capital Stock, bonds, notes, debentures or other securities of any other Person (including any “short sale” or any sale of any securities at a time when such securities are not owned by the Person entering into such sale); (b) deposits, advances, loans, capital contributions or other extensions of credit (by way of guaranty or otherwise) made to any other Person (including purchases of property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such property to such Person); and (c) Swap Agreements.
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Interest Proceeds Account means the account established and designated as such under the Collateral Administration Agreement.
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Interest Proceeds Account means an interest bearing account described as such in the name of the Issuer held with the Account Bank or any further or other account described as such or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(ii) (Interest Proceeds Account).
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Interest Proceeds Account means the account so named of the Issuer, which is credited with Interest Proceeds.
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Related to Interest Proceeds Account

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Interest Proceeds means, with respect to any Collection Period or the related Determination Date, without duplication, the sum of:

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

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

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

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Interest Reserve Account As defined in Section 3.4(d).

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

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • 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 [*];

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

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Facility LC Collateral Account is defined in Section 2.19.11.

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

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Funds Account means an account held by you or any third parties maintained with any Participant.