Collateral Fund definition

Collateral Fund. The fund established and maintained pursuant to Section 3.01 hereof.

Collateral Fund means the Collateral Fund created in Section 4.01 hereof.

Collateral Fund means the Collateral Fund created in the Indenture.

Examples of Collateral Fund in a sentence

• All such Collateral Payments shall be paid to the Trustee for the account of the Issuer and shall be held in the Collateral Fund and disbursed in accordance with the provisions of the Indenture.

• Each deposit into the Collateral Fund shall constitute an irrevocable deposit solely for the benefit of the Holders, subject to the provisions hereof.

• On the MBS Delivery Date, the Trustee shall remit to the Lender as payment for the MBS, the principal portion of the MBS Purchase Price (from amounts on deposit in the Collateral Fund), plus the interest portion of the MBS Purchase Price (from amounts on deposit in the Revenue Fund and, to the extent amounts on deposit in the Revenue Fund, other than amounts in the Negative Arbitrage Account therein, are insufficient for such purposes, from amounts on deposit in the Negative Arbitrage Account therein).

• If an Extension Deposit has not been made pursuant to Sections 3.04 and 5.05(b) hereof, such that the aggregate balance in the Collateral Fund and the Revenue Fund is equal to 100% of the principal amount of the Bonds plus interest accrued on the Bonds to the date which is five (5) calendar days following the MBS Delivery Date Deadline, then the Bonds shall be subject to mandatory redemption as set forth in Section 3.01(b) hereof.

• On any Payment Date that occurs prior to or during the month in which the MBS is delivered to the Trustee, the Bonds are subject to mandatory redemption in part in an amount equal to the amount due on the first day of the month in which such Payment Date occurs as shown in the Mortgage Loan Amortization Schedule, payable with respect to principal from money on deposit in the Collateral Fund, and with respect to interest, from money on deposit in the Revenue Fund.

More Definitions of Collateral Fund

Collateral Fund means the Collateral Fund created pursuant to Section 4.01(e) of this Indenture.

Collateral Fund means the Collateral Fund created pursuant to the Indenture.

Collateral Fund means the Fund created and so designated in Section 5.02 hereof. “Completion Certificate” means the certificate attached as Exhibit C to the Financing

Collateral Fund means the Fund created and so designated in Section 5.02 hereof.

Collateral Fund means the fund of that name created hereunder but held in accordance with the Account Control Agreement.

Collateral Fund means the Collateral Fund created in Section 4.1 hereof. “Completion Certificate” means a certificate submitted by the Borrower Representativeto the Issuer and the Trustee as provided in Section 3.5 of the Loan Agreement.

Collateral Fund means the Collateral Fund created in Section 4.01 hereof. “Completion Certificate” means the certificate attached as Exhibit C to the Loan Agreement.