Interest Payment Account definition

Interest Payment Account means each of the Senior Notes Interest Payment Account, the Senior Subordinated Notes Interest Payment Account and the Subordinated Notes Interest Payment Account.

Interest Payment Account means the account wherein the interest amount due to be paid by the borrower/issuer is deposited.

Interest Payment Account has the meaning assigned to such term in the Collateral Agency Agreement.

Examples of Interest Payment Account in a sentence

• The Trustee shall pay from such Original Proceeds into the Principal and Interest Payment Account the full amount of any accrued interest received upon such sale.

• In the event funds remain on hand in the Project Fund on the date the Certificate of Completion is furnished to Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the Principal and Interest Payment Account on the earlier of receipt of the Certificate of Completion or the Completion Date and shall be applied in accordance with the provisions of the Indenture.

• However, if this Lease is terminated or the Issuer or Trustee otherwise re-enters and takes possession of the Project without terminating this Lease, the Trustee shall pay all the Net Proceeds held by it into the Principal and Interest Payment Account and all rights of the Company in and to such Net Proceeds shall cease.

• In the event funds remain on hand in the Project Fund on the date the Certificate of Completion is furnished to the Trustee or on the Completion Date, whichever shall first occur, such remaining funds shall be transferred by the Trustee to the Principal and Interest Payment Account on the earlier of receipt of the Certificate of Completion or the Completion Date and shall be applied in accordance with the provisions of the Indenture.

• Moneys held in the Project Fund and the Principal and Interest Payment Account shall be separately invested and reinvested by the Trustee at the written direction of the Company in Investment Securities which mature or are subject to redemption by the owner thereof prior to the date such funds will be needed.

More Definitions of Interest Payment Account

Interest Payment Account means the account referenced in Section 2.3.5 of the Disbursement Agreement and established pursuant to the Company Collateral Account Agreements.

Interest Payment Account means the account designated as such, established and maintained pursuant to Section 5.01.

Interest Payment Account means the account established by the Borrower with the Disbursement Agent pursuant to the Borrower Collateral Account Agreement into which the proceeds of the Loans shall be deposited by the Administrative Agent from time to time.

Interest Payment Account has the meaning assigned to such term in Section 2.02(a)(iii).

Interest Payment Account means the account referenced in Section 2.3.6 of the Disbursement Agreement and established pursuant to the Company Collateral Account Agreements.

Interest Payment Account means the Interest Payment Account within the Bond Fund created in Section 5.01 hereof.

Interest Payment Account means the Interest Payment Account in the Bond Fund, created by the Trust Agreement.