Depreciation Reserve. “Depreciation Reserve” is accumulated provision for depreciation and amortization, as properly recorded in Accounts 108, 111, and 115, related to the Subject Resource, including the following amounts:
Depreciation Reserve. The Trustee shall not be required to establish any reserve for depreciation or to make any charge for depreciation against any portion of the income of the trust;
Depreciation Reserve. The District has certain funds (the "Depreciation Reserve") dedicated for certain improvements to the District's water and wastewater system and facilities (the "Water and Wastewater System"). The District and the City agree that the Depreciation Reserve should be maintained in a dedicated account to preserve the Depreciation Reserve solely for use in capital improvements to or replacement of any part of the Water and Wastewater System. The parties further agree that, subject to the reasonable judgment of the City, the Depreciation Reserve will not be used for any other purpose including, by way of example and not in limitation, operation and ordinary repair and maintenance of the Water and Wastewater System.
