Principal Reinvestment Account definition

Principal Reinvestment Account means the segregated account so designated and established and maintained pursuant to Section 7.01(b).
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Principal Reinvestment Account means the segregated account so designated and established and maintained pursuant to S ection 7.01(b).
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Examples of Principal Reinvestment Account in a sentence

  • At March 31, 2011, the fair value of the total retained interests, including the Principal Reinvestment Account Swap, was$106 million (December 31, 2010 – $107 million; January 1, 2010 – $174 million).The NHA MBS and CMB programs require mortgages securitized by an approved insurer.

  • It also includes the component of a swap entered into under the CMB Program whereby IGM pays coupons on Canada Mortgage Bonds and receives investment returns on reinvestment of repaid mortgage principal (Principal Reinvestment Account Swap) which is reflected on IGM’s financial statements as a derivative at fair value of$9 million at March 31, 2011 (December 31, 2010 – $26 million; January 1, 2010 – $10 million).

  • The Servicer will monitor the Principal Reinvestment Account in accordance with its customary policies and procedures.

  • With respect to a Payment Date, so long as the Aggregate Outstanding Note Balance will not exceed the Borrowing Base after giving effect to the distributions on such Payment Date, the Issuer (or the Servicer on behalf of the Issuer) may, on the related Reference Date, direct the Trustee in writing to withdraw amounts from the Principal Reinvestment Account and deposit such amounts to the Distribution Account for application under S ection 7 .05(b)(i).

  • On or before the Closing Date, the Securities Intermediary shall establish and maintain as asegregated account, the Principal Reinvestment Account in the name of the Trustee for the benefit of the Noteholders.

  • But one could argue thus: (a) Caesar could have survived the stabbing; (b) Caesar could not have survived the killing; thus, (c) the stabbing and the killing have different (modal) properties and must be distinguished.

  • Amounts on deposit in the Principal Reinvestment Account will be invested by the Securities Intermediary, at the written direction of the Servicer, in Permitted Investments.

  • Accordingly, the capital expenditure approved for FY 2013-14, FY 2014-15 and FY 2015-16 is Rs. 21.90 Cr, Rs. 27.77 Cr and Rs. 25.49 Cr, respectively subject to true up on the basis of audited accounts.

  • On each Advance Date, the Issuer will cause any Advances made by the Noteholders to be deposited into the Principal Reinvestment Account or as directed in the related Advance Request.

  • On each Transfer Date during the Investment Period, subject to satisfaction of the conditions set forth in S ection 2.05 and in the Note Funding Agreement, the Servicer will direct the Trustee in writing to withdraw the lesser of amounts on deposit in the Principal Reinvestment Account and the Subsequent Loan Cash Purchase Price for Subsequent Loans being conveyed by the Originator to the Issuer on such Transfer Date and remit such amount to the Originator against delivery of such Subsequent Loans.

Related to Principal Reinvestment Account

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

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

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.