Senior Bond Fund definition

Senior Bond Fund means the Southwestern Illinois Flood Prevention District Council Sales Tax Revenue Bond and Interest Fund created and established in the Senior Indenture.
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Senior Bond Fund means the means the Hampton Roads Sanitation District (Virginia) Wastewater Revenue Bonds Bond Fund created and so designated by Section 501 of the Senior Trust Agreement.
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Senior Bond Fund means the Bond Fund created by or confirmed by the
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Examples of Senior Bond Fund in a sentence

  • Monthly to the Senior Bond Fund, (i) into the Principal Account amounts equal to one-twelfth of the next succeeding principal requirement (whether at maturity or pursuant to a sinking fund redemption requirement) on all Senior Lien Obligations, and (ii) into the Interest Account amounts equal to one-sixth of the next succeeding interest requirement, on all Senior Lien Obligations.

  • The Indenture requires that the Trustee deposit the Purchase Payments received from the City from Net Airport Revenues in the 2018 Senior Bond Fund and use such amounts to pay the principal of and interest on the Series 2018 Bonds due on the following day.

  • For a more complete description of the 2018 Senior Bond Fund and the use thereof see “APPENDIX F — Summary of Certain Provisions of Legal Documents — The Indenture.” Bond Reserve FundsSenior Lien Obligation Bond Reserve Funds.

  • So long as any Series 2018 Bonds are outstanding, the Trustee will deposit the Purchase Payments transferred to it by the City from the Interest Account and Principal Account of the Bond Fund held by the City and established under the Airport Revenue Bond Ordinance into the 2018 Interest Account and the 2018 Principal Account, respectively, of the 2018 Senior Bond Fund held by the Trustee.

  • Pursuant to the Indenture, the Trustee will create the 2018 Senior Bond Fund which will contain the 2018 Principal Account, the 2018 Interest Account and the 2018 Redemption Account.

  • Monthly to the Senior Bond Fund, (i) into the Principal Account amounts equal to one-twelfth of the next succeeding Principal Requirement (whether at maturity or pursuant to a sinking fund redemption requirement) on all Senior Lien Obligations, and (ii) into the Interest Account amounts equal to one-sixth of the next succeeding Interest Requirement, on all Senior Lien Obligations.

  • So long as any Series 2017 Bonds are outstanding, the Trustee will deposit the Purchase Payments transferred to it by the City from the Interest Account and Principal Account of the Bond Fund held by the City and established under the Airport Revenue Bond Ordinance into the 2017 Interest Account and the 2017 Principal Account, respectively of the 2017 Senior Bond Fund held by the Trustee.

  • Pursuant to the Indenture, the Trustee will create the 2017 Senior Bond Fund which will contain the 2017 Principal Account, the 2017 Interest Account and the 2017 Redemption Account.

  • For a more complete description of the 2017 Senior Bond Fund and the use thereof see “APPENDIX F — Summary of Certain Provisions of Legal Documents — The Indenture.” Bond Reserve FundsSenior Lien Obligation Bond Reserve Funds.

  • If there are insufficient funds to make such deposits in any month the Trustee shall make deposits to each Bond Fund Account in the Senior Bond Fund so that each Bond Fund Account receives an equal percentage of the amount otherwise required to be deposited thereto pursuant to this subsection.


More Definitions of Senior Bond Fund

Senior Bond Fund means the Bond Fund established under the 1980 Resolution for payment of principal of, premium, if any, and interest on the Senior Bonds.
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Senior Bond Fund means the Senior Bond Fund established in Section 5.01.
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Related to Senior Bond Fund

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Bond Fund means the fund created by Section 6.02 of the Indenture.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Series 2020 Bonds means the Series 2020A Bonds and the Series 2020B Bonds.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2022 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Redemption Fund means the Redemption Fund for Refunded Notes created pursuant to Section 501 hereof.