Examples of Payment Fund in a sentence

Such interest shall be paid directly by the City, or by the Agent from moneys received from City that are on deposit in the Direct Purchase Payment Fund to the extent funds are available in said fund.
When any Direct Purchase Note maturing or to be redeemed is presented by the Registered Owner thereof to the Agent for payment, payment shall be made from and charged to the Direct Purchase Payment Fund to the extent funds are available in said fund.
When the Property has been financed or refinanced and all of the Acquisition Costs have been paid, the State Treasurer shall transfer any remaining balance in the Acquisition Fund to the Agency Installment Payment Fund.
The City will maintain the Note Payment Fund with the Paying Agent/Registrar as required by the Ordinance.
In the event the Payment Fund shall be insufficient to pay the Merger Consideration in accordance with Section 1.5, Parent shall promptly deposit, or cause to be deposited, additional funds with the Paying Agent in an amount that is equal to the shortfall that is required to make such payment.

More Definitions of Payment Fund

Payment Fund shall have the meaning set forth in Section 3.5.

Payment Fund means the monies which have been paid by me to you and kept in a separate suspense account opened and maintained by you for such purposes as you deem fit and which you may deal with in accordance with these Terms and Conditions.

Payment Fund means cash in an amount sufficient to make payment of the Merger Consideration pursuant to Section 2.1(c) in exchange for all of the outstanding shares of Company Common Stock (other than shares of Company Common Stock cancelled in accordance with Section 2.1(b)).

Payment Fund has the meaning assigned to such term in Section 1.7(a) of the Agreement.

Payment Fund has the meaning set forth in Section 1.8(a).