Debt Service Account definition

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.

Debt Service Account means the Debt Service Account for General Obligation Bonds, Series 2016-B created within the Bond and Interest Fund pursuant to Section 501 hereof.

Debt Service Account shall have the meaning set forth in Section 9.1 hereof.

Examples of Debt Service Account in a sentence

• Levy and Collection of Annual Tax; Transfer to Debt Service Account.

• Money in each Debt Service Account shall be used solely for the payment of Debt Service on the corresponding series of Bonds as the same becomes due.

• Credits shall be made into the Debt Service Accounts on the Business Day prior to each Interest Payment Date so that the balance in each respective Debt Service Account on an Interest Payment Date shall be equal to the amount of Debt Service due on the corresponding series of Bonds on such Interest Payment Date.

• The proceeds derived from said taxes shall be deposited in the Bond and Interest Fund, shall be kept separate and apart from all other funds of the Issuer shall thereafter be deposited in the Debt Service Account and shall be used solely for the payment of the principal of and interest on the Notes as and when the same become due, and the fees and expenses of the Paying Agent.

• The proceeds derived from said taxes shall be deposited in the Bond and Interest Fund, shall be kept separate and apart from all other funds of the Issuer shall thereafter be transferred to the Debt Service Account and shall be used solely for the payment of the principal of and interest on the Bonds as and when the same become due, taking into account any scheduled mandatory redemptions, and the fees and expenses of the Paying Agent.

More Definitions of Debt Service Account

Debt Service Account shall have the meaning set forth in Section 3.1 hereof.

Debt Service Account shall have the meaning set forth in the Cash Management Agreement.

Debt Service Account means the Debt Service Account for Taxable General Obligation Refunding Bonds, Series 2022-A created within the Bond and Interest Fund pursuant to Section 501 hereof.

Debt Service Account means the account by that name created within the Bond and Interest Fund by the Bond Resolution.

Debt Service Account means the Debt Service Account, established pursuant to the General Bond Order, in the Economic Development Bond Service Fund.

Debt Service Account means the bank account opened in the name of the Owner with the Account Bank and designated “Kithira Debt Service Account”.

Debt Service Account means the Debt Service Account for General Obligation Refunding and Improvement Bonds, Series 2020-A created within the Bond and Interest Fund pursuant to Section 501 hereof.