Acquisition Account definition

Acquisition Account means the subaccount of the Collection Account established under Section 4.1(a) of the Transfer and Servicing Agreement.

Acquisition Account means the Account so designated, which is created and established in the Program Fund by the Master Indenture. See "Program Fund; Acquisition Account" under this caption.

Acquisition Account means the Account so designated, which is created and established in the Program Fund by the Master Indenture.

Examples of Acquisition Account in a sentence

• Any loss resulting from any such investment will be charged to the Acquisition Account.

• Moneys on deposit in the Acquisition Account may be invested and reinvested by the Depositary, at the written direction of an Authorized Company Representative, in short-term interest-bearing securities or funds.

• Such investments will be deemed at all times to be a part of the Acquisition Account.

• The Issuer, the Purchaser and the Depositary acknowledge that the Issuer’s interest in the Project Property, the liens and security interests granted and created in this Indenture in favor of the Purchaser under Section 301 hereof, including, but not limited to, the Acquisition Account created with the Depositary under Section 601 hereof, will at all times be subordinate to the First Lender Mortgage (as defined in the Lease Agreement) regardless of when the First Lender Mortgage is recorded.

• Any interest accruing on any such investment and any profit realized from such investment will be credited to the Acquisition Account.

More Definitions of Acquisition Account

Acquisition Account means the Account so designated, which is created and established in the Program Fund by Section 5.1 of this Master Indenture.

Acquisition Account means the Issuer's bank account with a bank acceptable to the Agent which has been pledged under the Acquisition Account Pledge Agreement

Acquisition Account means the Acquisition Account established by the Trust Indenture. "Act 183" means Act No. 183, Public Acts of Michigan, 1964, as amended, being

Acquisition Account means the Acquisition Account established by the Trust Indenture. "Act 183" means Act No. 183, Public Acts of Michigan, 1964, as amended, being Sections 830.411 to 830.425, inclusive, of Michigan Compiled Laws.

Acquisition Account means the account of such name within the Bond Fund established pursuant to Section 5.5 hereof.

Acquisition Account means a bank account of the Issuer or an escrow account arrangement satisfactory to the Agent, in line with the terms of these Terms and Conditions, into which the Acquisition Amount and the Eligible Acquisition Amount will be transferred, and which has been pledged in favour of the Agent and the bondholders (represented by the Agent) under the Acquisition Account Pledge Agreement.

Acquisition Account has the meaning assigned in Section 6.01. “Act” has the meaning assigned in Section 1.01.