Examples of General Subaccount in a sentence

The Collection Account shall include a General Subaccount, a Capital Subaccount and an Excess Funds Subaccount, and may include other subaccounts if required to obtain AAA/Aaa ratings on the series of nuclear asset-recovery bonds.
If for any reason the amount of nuclear asset-recovery charge collections in the General Subaccount is insufficient to make, on a timely basis, all scheduled payments of principal of and interest on the nuclear asset-recovery bonds and to make payment of all of the other components of the Periodic Payment Requirement, the Excess Funds Subaccount and the Capital Subaccount will be drawn down, in that order, to make those payments.
These amounts accumulate in the General Subaccount until they are transferred from the General Subaccount on each transition bond payment date.
The amount that is deposited to the Excess Funds Subaccount may be higher/lower if remittances to the General Subaccount are higher/lower than such estimated amount.
All amounts in the Collection Account not allocated to any other subaccount shall be allocated to the General Subaccount.

More Definitions of General Subaccount

General Subaccount means the general xxxxxxxxxx established by the Indenture Trustee pursuant to Section 8.02(a) of the Indenture.

General Subaccount with respect to the Bonds, has the meaning specified in Section 8.02(a) of the Indenture and, with respect to any Additional Bonds, has the meaning set forth in the applicable Additional Indenture.

General Subaccount has the meaning specified in Section 8.02(a) of the ------------------ Indenture.

General Subaccount means the general subaccount of the Collection Account created within the Green Infrastructure Bond Fund under the Indenture.

General Subaccount has the meaning set forth in the Indenture. ------------------

General Subaccount means the General Subaccount established pursuant to Section 7(K)(3) of the Master Bond Resolution.