School Bond Account definition

School Bond Account means the account so designated and held by the Trustee pursuant to the Indenture.
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School Bond Account means the account held by the Trustee pursuant to Section 507(c).
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School Bond Account means the account so designated and held by the Trustee pursuant to the Indenture. “School Bond Rating Confirmation” means evidence that no School Bond rating in effect at the request of
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Examples of School Bond Account in a sentence

  • Unless otherwise specified by Officer’s Certificate, interest on the Sinking Fund Bonds shall be payable from the School Bond Account (exclusive of the Sinking Fund).A pplication of Federal Subsidy.

  • The interest on such Notes and renewals thereof may be made payable from the proceeds of such Notes, from the Bond Account, from the Recovery Account, from the School Bond Account or from the proceeds of renewal notes or the Series of Bonds in anticipation of which such Notes are issued.

Related to School Bond Account

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

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