Electric System Funds and Accounts Sample Clauses

Electric System Funds and Accounts. The Treasurer shall continue to maintain the following funds and accounts, heretofore created under the 1972 Bond Resolution and the 1986 Bond Resolution and pursuant to Section 1210 of the City Charter, so long as any Senior Bonds or Qualified Obligations remain Outstanding; provided, however that if no Senior Bonds remain outstanding and 2020 Bonds are the only Qualified Obligations Outstanding, such funds and accounts shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2020 Bonds remain Outstanding: Electric Revenue Fund, and the following accounts therein:
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Related to Electric System Funds and Accounts

  • Joint Accounts If any of your accounts accessed under this Agreement are joint accounts, all joint owners, including any authorized users, shall be bound by this Agreement and, alone and together, shall be responsible for all EFT transactions to or from any share and share draft or loan accounts as provided in this Agreement. Each joint account owner, without the consent of any other account owner, may, and is hereby authorized by every other joint account owner, make any transaction permitted under this Agreement. Each joint account owner is authorized to act for the other account owners, and the Credit Union may accept orders and instructions regarding any EFT transaction on any account from any joint account owner.

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