Administrative Expense Fund Sample Clauses

Administrative Expense Fund. (A) The Trust shall deposit in the Administrative Expense Fund: (1) all amounts transferred from the Clean Water Equity Fund or the Drinking Water Equity Fund upon written direction of the Trust; (2) all Administrative Fees received pursuant to any Financing Agreement; (3) except as otherwise provided in the applicable Financing Agreement, all Origination Fees payable with respect to any Loan or Interim Loan; (4) all Origination Fees payable with respect to any Interim Loan; and (5) any other amounts received by the Trust for such purpose. (B) Amounts deposited and held in the Administrative Expense Fund shall be applied by the Trust from time to time to the payment or reimbursement of Administrative Expenses.

Administrative Expense Fund. Money deposited in the Administrative Expense Fund shall be held in trust by the Trustee and shall be applied by the Trustee to pay Administrative Expenses upon receipt by the Trustee of a written request in the form attached as Exhibit B hereto signed by an Authorized Authority Representative specifying (i) the amount to be withdrawn, (ii) the Person to whom such amount is to be paid and the payment instructions,

Administrative Expense Fund. The Trustee shall establish and maintain a separate fund to be held by the Trustee and known as the “Administrative Expense Fund” into which shall be deposited the amounts specified in Section 4.2(d). The moneys in the Administrative Expense Fund shall be used to pay Authority Administrative Expenses or shall be transferred to the Surplus Fund, in either case, upon receipt of a Requisition of the Authority.

Administrative Expense Fund. (a) The District covenants and agrees that it shall not transfer or disburse from Special Tax Fund A to the Administrative Expense Fund in any Loan Year any amount in excess of the Administrative Expenses Cap until such time as there has been deposited to the Repayment Fund an amount, together with any amounts already on deposit therein, that is sufficient to pay the Scheduled Payments on the Loan and all Parity Loans due in such Loan Year and any Deferred Payments on the Loan and all Parity Loans. Notwithstanding the foregoing, upon receipt of a Certificate of an Authorized Representative of the District, amounts may be disbursed from Special Tax Fund A or transferred from Special Tax Fund A to the Administrative Expense Fund prior to the transfers to the Repayment Fund to the extent necessary to collect delinquent Special Taxes. Following the required deposit to the Repayment Fund of amounts sufficient to pay the interest and principal on the Loan and all Parity Loans due in a Loan Year and any past due and unpaid interest and principal payments on the Loan and all Parity Loans, the District may make additional transfers to the Administrative Expense Fund. The amounts in the Administrative Expense Fund are not pledged to the repayment of the Loan or the Parity Loans and may be used by the District to pay Administrative Expenses and for any other lawful purpose. (b) Amounts for Administrative Expenses shall be disbursed by the Authority Trustee to the District from the Surplus Fund as specified in a Request for Disbursement of Administrative Expenses, substantially in the form of Exhibit C attached hereto, which must be submitted by an Authorized Representative of the District to the Authority Trustee in connection with each requested disbursement. The Authority Trustee may conclusively rely upon such Certificate of an Authorized Representative in making any such disbursement.

Administrative Expense Fund. There will be deposited in the Administrative Expense Fund the amount set forth in Section 5(a)(ii) and such amounts as are received from the Participant for the payment of the Administrative Fee as provided in Section 502 of the Ordinance. On the Closing Date, the Paying Agent will disburse from the Administrative Expense Fund the amounts to the payees as set forth in Schedule 1 to the Participant’s Closing Certificate delivered on the Closing Date. The balance of the amount deposited pursuant to Section 5(a)(ii), the Master Trust Bonds Expense, will be transferred to the Master Trustee at the written direction of DNR or as DNR may otherwise direct in writing. The Paying Agent will promptly disburse the Administrative Fee to DNR.

Administrative Expense Fund. (a) The Trustee shall establish and maintain a special fund designated the “Administrative Expense Fund.” The Trustee shall deposit in the Administrative Expense Fund the amount specified in Section 3.02. The Trustee shall deposit in the Administrative Expense Fund the amounts transferred from the Special Tax Fund and required to be deposited therein pursuant to Section 5.02. (b) The moneys in the Administrative Expense Fund shall be used and withdrawn by the Trustee from time to time to pay the Administrative Expenses upon submission of a Written Request of the Community Facilities District stating (i) the Person to whom payment is to be made, (ii) the amount to be paid, (iii) the purpose for which the obligation was incurred and that such purpose constitutes an Administrative Expense, (iv) that such payment is a proper charge against the Administrative Expense Fund, and (v) that such amounts have not been the subject of a prior disbursement from the Administrative Expense Fund; in each case together with a statement or invoice for each amount requested thereunder.

Administrative Expense Fund. There will be deposited in the Administrative Expense Fund the amount set forth in Section 5 and such amounts as are received from the Participant for the payment of the Administrative Fee as provided in Section 502 of the Ordinance. On the Closing Date, the Paying Agent will disburse from the Administrative Expense Fund the amounts to the payees as set forth in Schedule 1 to the Participant’s Closing Certificate delivered on the Closing Date. The Master Trust Bonds Expense will be transferred to the Master Trustee at the written direction of DNR or as DNR may otherwise direct in writing. The Paying Agent will promptly disburse the Administrative Fee to DNR.

Administrative Expense Fund. There will be deposited in the Administrative Expense Fund the amount set forth in Section 5(a)(ii) and such amounts as are received from the Participant for the payment of the Administrative Fee as provided in Section 502 or Section 502A, as applicable, of the Ordinance. On the Closing Date the Paying Agent will disburse from the Administrative Expense Fund the amounts to the payees as set forth in Schedule 1 to the Participant’s Closing Certificate delivered on the Closing Date. The balance of the amount deposited pursuant to Section 5(a)(ii), the Master Trust Bonds Expense, will be transferred to the Master Trustee at the written direction of DNR or as DNR may otherwise direct in writing. The Paying Agent will promptly disburse the Administrative Fee to DNR. Moneys in the Administrative Expense Fund (other than the Paying Agent’s Fee) will be invested in the Federated Prime Obligations Fund unless the Paying Agent is otherwise directed in writing by DNR.

Administrative Expense Fund. (A) Establishment of Administrative Expense Fund. The Administrative Expense Fund is hereby established as a separate fund to be held by the Fiscal Agent, to the credit of which deposits shall be made as required by Sections 4.01, Section 4.03(D) and 4.05(A), and as set forth in a Supplemental Agreement. Moneys in the Administrative Expense Fund shall be disbursed as provided below. (B) Disbursement. Amounts in the Administrative Expense Fund shall be used by the Fiscal Agent in the following order of priority, as set forth in an Officer’s Certificate: (i) to pay Administrative Expenses, (ii) to the extent that amounts on deposit in the Bond Fund on the seventh (7th) Business Day prior to any Interest Payment Date will be insufficient to pay scheduled debt service on the Bonds on the immediately succeeding Interest Payment Date as a result of delinquent Special Taxes, the Finance Director, in its sole discretion, may determine that there are available moneys in the Administrative Expense Fund to advance for deposit into the Bond Fund to pay delinquent Special Taxes, (iii) if the Finance Director, in its sole discretion, determines there are moneys in the Administrative Expense Fund available for this purpose, to replenish the Reserve Fund to the then-applicable Reserve Requirement or, in connection with an issuance of Bonds, to increase the Reserve Fund to the applicable Reserve Requirement, and (iv) if the Finance Director, in its sole discretion, determines there are moneys in the Administrative Expense Fund available for this purpose, to pay any other lawful obligation of the City intended to increase the quantity or quality of energy efficiency and renewable energy improvements in the City, although it is the City’s policy to preserve amounts in the Administrative Expense Fund for the purposes described in the preceding clauses (i), (ii) and (iii). The City shall be entitled to recover any advances of moneys from the Administrative Expense Fund pursuant to clauses (ii) and (iii) above upon payment of delinquent Special Taxes, as set forth in Section 4.05. The Fiscal Agent shall close the Administrative Expense Fund following the final maturity date of the Bonds and shall transfer any remaining moneys to the City for any lawful purpose.

Administrative Expense Fund. On or before May 20, 1973, the Trustee, without further direction from the Authority, shall reserve from the Clearing Fund and set aside in the “Administrative Expense Fund”, which is created, for Administrative Expenses, the sum of $5,000. On or before May 20, 1974, and on or before May 20 of each Fiscal Year thereafter, to and including the Fiscal Year ending December 31, 2010, the Trustee, without further direction from the Authority, shall reserve from the Clearing Fund and set aside in the Administrative Expense Fund the sum of $5,000 or such lesser amount as shall be necessary at the time to increase the amount on deposit therein, together with any moneys withdrawn by the Authority therefrom and then held by it and available for Administrative Expen- ses, to the sum of $5,000. Moneys from time to time on deposit in the Administrative Expense Fund shall be advanced by the Trustee to the Authority upon Requisition or Requisitions for payment of Administrative Expenses. The aggregate amount advanced by the Trustee to the Authority from the Administrative Ex- pense Fund shall not exceed the sum of $5,000 in any Fiscal Year unless the County, in the particular Fiscal Year, shall make additional amounts available for deposit therein, as provided in the Lease, in which event the Trustee shall deposit such additional amounts in the Administrative Expense Fund and shall be autho- rized to advance such additional amounts to the Authority in the manner hereinbefore set forth during such Fiscal Year. The Authority shall furnish to the Trustee, on or before May 20, 1974, and on or before May 20 of each Fiscal Year thereafter, a Certificate showing the balance then held by the Authority, consisting of' amounts withdrawn from the Administrative Expense Fund and available for Administrative Expenses as of the date of such Certificate. If the Lease at any time shall be supplemented to provide for additional sums to be available for Administrative Expenses, provisions of this Section 5.02 shall be amended in a supplement to this In- denture to the extent necessary or desirable to provide for the deposit of such additional funds in the Ad- ministrative Expense Fund and for an increase in the aggregate amount which thereafter may be advanced to the Authority by the Trustee therefrom.