Interest Payment Account secures placement of interest due by the borrower in a designated account to ensure timely payments. The regulation defines Interest Payment Account as the account into which the borrower or issuer deposits the interest amount due on issued securities, establishing a designated repository for funding interest obligations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest Payment Account secures placement of interest due by the borrower in a designated account to ensure timely payments.
The regulation defines Interest Payment Account as the account into which the borrower or issuer deposits the interest amount due on issued securities, establishing a designated repository for funding interest obligations.
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