REIMBURSEMENT ACCOUNT. 21.1 Section 125 of the Internal Revenue Code permits employees to use pre-tax dollars to pay for their portion of the cost of benefits under the Plan through salary redirection arrangements. The options available under the flexible benefits program are listed below. This is a brief overview of the different options. For complete information regarding Flexible Spending Accounts, employees must refer to the plan booklet available in the Human Resources Department.
REIMBURSEMENT ACCOUNT. 1. The Fire Association and the City agree to participate in the reimbursement portion of the Section 125 plan. The members of this Unit may elect, by payroll deduction, pre-tax salary to be set aside in the Medical Reimbursement Account and/or the Dependent Care Reimbursement Account. Pre-Tax health insurance premium payments will be established by negative declaration effective January 1, 1993.
REIMBURSEMENT ACCOUNT. At any time after any Commercial Paper matures and a disbursement is to be made under the Letter of Credit in connection therewith, prior to any subsequent issuances of Commercial Paper, the Company shall deposit in the Reimbursement Account (as defined in the Issuing and Paying Agency and Depositary Agreement) an amount, to be applied to the reimbursement of such disbursement or any related Loan, equal to the amount by which the Face Amount of such Commercial Paper exceeds the proceeds of such Commercial Paper to be deposited in the Reimbursement Account.
REIMBURSEMENT ACCOUNT. The Town shall deposit the Construction Sales Tax Revenues into the Reimbursement Account as they are received from the Arizona Department of Revenue, beginning with the first such revenues generated from construction activities on the Property and ending upon the expiration of this Agreement. Funds in the Reimbursement Account shall be reimbursed to the Property Owner pursuant to paragraph 3.4.6 below. For purposes of this Agreement, the “Reimbursement Account” means a separate account within the Town’s General Fund or accounted for by an appropriate book or ledger entry designation for the purpose of making Reimbursement Payments.
REIMBURSEMENT ACCOUNT. The Assistant Superintendent shall be reimbursed up to $400 per year for the term of the contract to be applied to: any uncovered medical service(s) provided by a health care practitioner. Reimbursement requires submission of proof of payment of the services or costs to the Business Office. This benefit is an annual amount and is not cumulative.
REIMBURSEMENT ACCOUNT. The Business Administrator shall be reimbursed up to $400 per year for the term of the contract to be applied to: any uncovered medical service(s) provided by a health care practitioner. Reimbursement requires submission of proof of payment of the services or costs to the Business Office. This benefit is an annual amount and is not cumulative.
REIMBURSEMENT ACCOUNT. The Bank shall establish and maintain a special purpose trust account for the benefit of the Credit Facility Provider, which account shall be designated "The Massachusetts Water Resources Authority--Reimbursement Account" (the "Reimbursement Account"). The Authority shall have no legal, equitable or beneficial interest in the Reimbursement Account or the moneys on deposit therein, except to the extent that the proceeds of sales of Commercial Paper Notes are required to be transmitted to U.S. Bank, National Association, as trustee (the “Trustee”) under the Authority’s Amended and Restated General Revenue Bond Resolution effective April 23, 2015, for the account of the Authority as provided in the following paragraph. The Bank shall deposit in the Reimbursement Account all proceeds received from the sale of Commercial Paper Notes and all funds which the Authority or the Trustee on behalf of the Authority pays, or causes to .be paid, to the Bank for deposit in the Reimbursement Account. On each day that any Commercial Paper Note is sold, the Bank shall promptly transfer from the Reimbursement Account to the Credit Facility Provider no later than 3:00 p.m., pursuant to instructions delivered by the Credit Facility Provider to the Bank, with a copy to the Authority, an amount of the proceeds for such sale which, together with any amounts paid by the Authority or the Trustee on behalf of the Authority for such purpose, shall be sufficient to pay any Unpaid Drawing (as defined in the Reimbursement Agreement) relating to Commercial Paper Notes maturing on such day. All other proceeds of the sales of said Commercial Paper Notes shall be transferred on the date of sale by wire transfer of immediately available funds to the Trustee for the account of the Authority pursuant to instructions from the Authority delivered to the Bank. All moneys in the Reimbursement Account shall be held by the Bank uninvested.
REIMBURSEMENT ACCOUNT. Beginning with the first Construction Sales Tax Revenues gener- ated from the Marana TI Improvements, the Adonis Improvements, and the development of the Subject Property; subject to the limitations of paragraph 10 below; and ending upon the expiration of this Agreement; the Town shall deposit into the Reimbursement Account all of the following:
REIMBURSEMENT ACCOUNT. On the Closing Date, the Company shall deposit $3,000,000 into an account at a bank to be mutually agreed upon by the Company and Purchaser. Purchaser and the Company shall jointly hold such account pursuant to an expense reimbursement agreement (the “Expense Reimbursement Agreement”), substantially in accordance with the terms and conditions attached hereto as Exhibit D, to be entered into at Closing between Purchaser and the Company. Under the Expense Reimbursement Agreement, funds will be released to Purchaser, the Company or third parties to reimburse such parties for reasonable expenses incurred in connection with the procurement of the Loan under Section 6.4(a) (such expenses, collectively, the “Loan Procurement Expenses”).
REIMBURSEMENT ACCOUNT. If on any date the Credit Bank shall receive any payments of Basic Rent, or any Qualified Payment, the Credit Bank shall deposit the amount received (a) if no Event of Default shall have occurred and remain outstanding, in the Reimbursement Account or (b) if an Event of Default shall have occurred and remain outstanding, in accordance with SECTION 3.05 hereof. The Credit Bank hereby establishes a separate, blocked trust account for the benefit of the Lessor and as security for the payment of Letter of Credit Liabilities (the "REIMBURSEMENT ACCOUNT"). Pending application as herein provided, such funds shall be invested in Permitted Investments as directed by the Lessee. Interest earned on the moneys held in the Reimbursement Account shall be for the account of the Lessee and shall be paid to and deposited by the Credit Bank in the Reimbursement Account. Funds held in the Reimbursement Account shall be withdrawn and applied by the Credit Bank on each Interest Payment Date to the reimbursement of unreimbursed Drawings and the payment of Letter of Credit Fees.
