Redemption Account definition

Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

Redemption Account means the Account within the Debt Service Fund so designated and established pursuant to Article V hereof.

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

Examples of Redemption Account in a sentence

• In the event the Trustee is so directed to purchase Bonds in lieu of redemption, no notice to the holders of the Bonds to be so purchased (other than the notice of redemption otherwise required hereunder) shall be required, and the Trustee shall be authorized to apply to such purpose the funds in the Redemption Account which would have been used to pay the redemption price for such Bonds if such Bonds had been redeemed rather than purchased.

• Investment earnings on amounts in the Redemption Account transferred from the Surplus Fund will be credited against the computation of Investment Service as presented in Article 1.37.

• A special trust fund is hereby created and designated the “Bond Fund”, which shall contain (i) the Interest Account, (ii) the Principal Account, and (iii) the Redemption Account.

• Moneys on deposit in the Redemption Account shall be used for redemption (other than mandatory sinking fund redemption) of the Bonds or a portion thereof pursuant to the provisions of Article III hereof.

• Within the Certificate Fund there are hereby established the Interest Account, the Principal Account and the Redemption Account.

More Definitions of Redemption Account

Redemption Account means the Redemption Account established pursuant to the General Resolution.

Redemption Account means the account(s) (which may be a current, saving or deposit account(s)) maintained by the Trustee with any bank having an investment grade rating and approved by the Management Company in which the amount required for redemption of Units to the Holders may be transferred.

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

Redemption Account means the Redemption Account established pursuant to the Resolution. “Redemption Date” means the date or dates upon which Bonds are to be called for redemption pursuant to

Redemption Account means the account by that name established by paragraph (5) of Section 504 of the General Resolution.

Redemption Account means the special trust account of the Debt Service Fund so designated, established pursuant to Section 5.3 hereof.

Redemption Account. An escrow account maintained by the Trustee into which any Trust funds not distributed on a Distribution Date on which a Redeeming Purchase is made are deposited. The Redemption Account shall be an Eligible Account.