Principal Account definition

Principal Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

Principal Account is defined in Section 4.9(a).

Examples of Principal Account in a sentence

The Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 20[_]-[_] Noteholders.
The Principal Account, the Principal Accumulation Account and the Distribution Account shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 20[_]-[_] Noteholders.
Indenture Trustee at all times shall maintain accurate records reflecting each transaction in the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account.
The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account and in all proceeds thereof.

Principal Account shall have the meaning specified in subsection 4.02(b).

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

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

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

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

Principal Account means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7.

Principal Account means an account in which a Participant or a related entity of the Participant holds a direct or indirect interest other than an interest in the commission charged on a transaction.