Optional Redemption Account definition

Optional Redemption Account means the account by that name in the Redemption Fund established pursuant to Section 5.06.

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Optional Redemption Account means the account of that name established under, and held by the Fiscal Agent pursuant to, the provisions of the Fiscal Agent Agreement.

Optional Redemption Account means the Account so designated which is created and established by Section 4.1 of the Single Lot Resolution, pursuant to the General Bond Resolution.

Examples of Optional Redemption Account in a sentence

There is hereby established as a separate fund to be held by the Fiscal Agent, the “Redemption Fund” (in which there shall be established and created an Optional Redemption Account and a Special Mandatory Redemption Account), to the credit of which the District or the City on behalf of the District, shall deposit, immediately upon receipt, all Redemption Revenues received by the District or the City on behalf of the District.
The rights and obligations of the Parties set forth in the following Sections and Articles shall survive the expiration or termination of this Agreement, in addition to those other terms and conditions that are expressly stated to survive termination or expiration of this Agreement (or by their context are intended to survive): Sections 2.12, 3.1.3, 7.1, 8.5, 8.6, 10.1, 10.2, 10.4, 10.5, 11.5, 11.6, 12.2 and 12.3.
The Trustee shall establish and maintain within the Redemption Fund (which the Trustee shall establish when needed, maintain and hold in trust) a separate Optional Redemption Account.
The Trustee shall establish and maintain within the Redemption Fund (which the Trustee shall establish, maintain and hold in trust) a separate Optional Redemption Account and a separate Special Redemption Account.
The Bond Trustee shall establish and maintain a fund separate from any other fund established and maintained hereunder designated as the Redemption Fund, and within the Redemption Fund, a separate Optional Redemption Account and a separate Special Redemption Account.
The Trustee shall establish and maintain within the Redemption Fund a separate Optional Redemption Account and a separate Special Redemption Account.
The Issuer hereby transfers to the Indenture Trustee the sole and exclusive dominion over and control of the Optional Redemption Account.
The Trustee shall accept all moneys deposited for redemption and shall deposit such moneys into the Optional Redemption Account or the Special Redemption Account, as applicable.
The Issuer agrees that it shall have no, and shall not make or maintain any deposits in any bank account, deposit account or trust account other than the Collection Deposit Accounts, the Collateral Account, the Excess Funding Account, the Optional Redemption Account and such accounts as are maintained pursuant to the Trust Agreement.
The Bond Trustee shall accept all moneys deposited for redemption and shall deposit such moneys into the Optional Redemption Account or the Special Redemption Account, as applicable.

More Definitions of Optional Redemption Account

Optional Redemption Account means the Account so designated which is established and created by the 1976 General Resolution.

Optional Redemption Account shall have the meaning assigned to such term in Section 4.04 of the Indenture.

Optional Redemption Account means the Optional Redemption Account created in the Redemption Fund by Section 5.9.

Optional Redemption Account. The Servicer shall give written notice to the Indenture Trustee of the location and account number of the Collateral Account, the Excess Funding Account or the Optional Redemption Account and shall notify the Indenture Trustee in writing prior to any subsequent change thereof. In the event any of the Collateral Account, Excess Funding Account or Optional Redemption Account is maintained with a bank other than with the Indenture Trustee, the Indenture Trustee shall receive a wire transfer of immediately available funds from such bank no later than 10:00 a.m. on any Payment Date with respect to any amounts from any such Collateral Account, Excess Funding Account or Optional Redemption Account which the Indenture Trustee is required to receive in order to make the distributions required in accordance with Article V herein.

Optional Redemption Account means the special account by that name created pursuant to Section 4.6 hereof.