Establishment and Maintenance of Accounts and Reserves Sample Clauses

Establishment and Maintenance of Accounts and Reserves. The Tort Claims Trustee shall create four separate funds as described in the Plan. Specifically, the Tort Claims Trustee shall create: Fund A, which shall be a fund established for the payment of Allowed Asbestos Claims, Allowed Future Tort Claims, and any Allowed Unaccounted-for Tort Claim, and which shall consist of a separate sub-account within the Tort Claims Trust equal to six and one-quarter percent (6.25%) of the Res (excluding from the Res the Excess Anadarko Fund; the Res is defined in Section 1.1 of the TDPs and the Excess Anadarko Fund is defined in Section 1.5(e) of the TDPs); Fund B, which shall be a fund established for the payment of Allowed Indirect Environmental Claims, and which shall consist of a separate sub-account within the Tort Claims Trust equal to .15625 percent of the Res (excluding from the Res the Excess Anadarko Fund) for each whole million dollars of aggregate Allowed Indirect Environmental Claims (.0015625 times the number of whole millions of dollars of Allowed Category B Claims times the Res (excluding from the Res the Excess Anadarko Fund)), but in no event more than six and one-quarter percent (6.25%) of the Res (excluding from the Res the Excess Anadarko Fund); Fund C, which shall be a fund established for the payment of Allowed Property Damage Claims, and which shall consist of a separate sub-account within the Tort Claims Trust equal to .125 percent of the Res (excluding from the Res the Excess Anadarko Fund) for each whole million dollars of aggregate Allowed Property Damage Claims (.00125 times the number of whole millions of dollars of Allowed Category C Claims times the Res (excluding from the Res the Excess Anadarko Fund)), but in no event more than six and one-quarter percent (6.25%) of the Res (excluding from the Res the Excess Anadarko Fund); and Fund D, which shall be a fund established for payment of the Allowed Non-Asbestos Toxic Exposure Claims, and which shall consist of a separate sub-account within the Tort Claims Trust equal to the balance of the Res (excluding from the Res the Excess Anadarko Fund) not otherwise allocated to Funds A, B, and C pursuant to Sections 1.5(a)-(c) above, but in any event not less than eighty-one and one-quarter percent (81.25%) of the Res (excluding from the Res the Excess Anadarko Fund). For the avoidance of doubt, portions of the Res not allocated to Fund B or Fund C in accordance the provisions in this Section 3.4 shall be allocated solely to Fund D. In addition, the Tort...
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Related to Establishment and Maintenance of Accounts and Reserves

  • Establishment and Maintenance of Records GRANTEE shall maintain records, including but not limited to, books, financial records, supporting documents, statistical records, personnel, property, and all other pertinent records sufficient to reflect properly:

  • RECORDS MANAGEMENT AND MAINTENANCE 35 A. CONTRACTOR, its officers, agents, employees and subcontractors shall, throughout the term 36 of this Agreement, prepare, maintain and manage records appropriate to the services provided and in 37 accordance with this Agreement and all applicable requirements.

  • Establishment of Accounts The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.

  • Operations and Maintenance Pursuant to Section 10.5 of this Agreement, Developer shall pay the reasonable expenses (including overheads) for the operation, maintenance, repair and replacement of Transmission Owner’s Attachment Facilities and incremental operating and maintenance expenses incurred in association with System Upgrade Facilities, if and to the extent provided for under Attachment S. For Transmission Owner’s Attachment Facilities, such expenses are calculated as follows:

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire

  • Establishment of Account (a) The Fund hereby appoints the Custodian as the custodian of all Securities and cash at any time delivered to the Custodian to be held under this Agreement. The Custodian hereby accepts such appointment and agrees to establish and maintain one or more accounts for each Series in which the Custodian will hold Securities and cash as provided herein. Such accounts (each, an “Account,” and collectively, the “Accounts”) shall be in the name of the Fund and Series, if any.

  • Records Maintenance; Access Contractor shall maintain all financial records relating to this Contract in accordance with generally accepted accounting principles. In addition, Contractor shall maintain any other records, books, documents, papers, plans, records of shipments and payments and writings of Contractor, whether in paper, electronic or other form, that are pertinent to this Contract (“Records”) in such a manner as to clearly document Contractor's performance. Contractor acknowledges and agrees that Agency and the Oregon Secretary of State's Office and the federal government and their duly authorized representatives will have access to such financial records and other Records that are pertinent to this Contract, whether in paper, electronic or other form, to perform examinations and audits and make excerpts and transcripts. Contractor shall retain and keep accessible all such financial records and other Records for a minimum of 6 years, or such longer period as may be required by applicable law, following final payment and termination of this Contract, or until the conclusion of any audit, controversy or litigation arising out of or related to this Contract, whichever date is later.

  • Documentation of Accounts Maintained as of June 30, 2014 With respect to Reportable Accounts maintained by a Reporting Financial Institution as of June 30, 2014:

  • Routine Maintenance, Construction, and Repair The NYISO or Connecting Transmission Owner may interrupt interconnection service or curtail the output of the Small Generating Facility and temporarily disconnect the Small Generating Facility from the New York State Transmission System or Distribution System when necessary for routine maintenance, construction, and repairs on the New York State Transmission System or Distribution System. The NYISO or the Connecting Transmission Owner shall provide the Interconnection Customer with five Business Days notice prior to such interruption. The NYISO and Connecting Transmission Owner shall use Reasonable Efforts to coordinate such reduction or temporary disconnection with the Interconnection Customer.

  • Construction and Maintenance There are on-going maintenance, renovation and construction projects taking place in and around the residences. The work typically takes place during regular business hours, but may begin earlier or extend into evenings or weekends. On-going construction or renovation projects will continue through midterm and final exam periods. The University will take measures to ensure that prudent construction practices are followed, but there may be noise, dust and temporary interruption of some services. Residents may be required to temporarily or permanently relocate to facilitate construction or renovation to their residence area. There will be no compensation or reduction to your residence fees due to disruption and/or relocation.

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