Establishment of Administrative Expense Fund Sample Clauses

Establishment of Administrative Expense Fund. There is hereby established as a separate fund to be held by the Fiscal Agent, the “Administrative Expense Fund,” to the credit of which the amount budgeted and levied for Administrative Expenses shall be made. Moneys in the Administrative Expense Fund shall be held in trust by the Fiscal Agent for the benefit of the District, and shall be disbursed as provided below.
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Establishment of Administrative Expense Fund. There is hereby established as a separate fund to be held by the Director of Finance, the Community Facilities District No. 2010- 1 (One Marina) 2016 Special Tax Refunding Bonds Administrative Expense Fund, to the credit of which deposits shall be made as required by Section 3.02(B)(i), clause (i) of the second paragraph of Section 3.04(A), the second paragraph of Section 3.04(B) and Section 3.06(B). Moneys in the Administrative Expense Fund shall be held by the Director of Finance for the benefit of the City, and shall be disbursed as provided below.
Sample 1
Establishment of Administrative Expense Fund. There is hereby established as a separate fund to be held by the Treasurer, the Community Facilities District No. 1 2014 Special Tax Refunding Bonds, Community Facilities Fund, to the credit of which deposits shall be made as required by Section 4.01(B)(i) and (iv), clause (i) and (ii) of the second paragraph of Section 4.05(A), Section 4.02(B) and Section 4.05(B). Moneys in the Administrative Expense Fund shall be held by the Treasurer for the benefit of the School District, and shall be disbursed as provided below.
Sample 1
Establishment of Administrative Expense Fund. There is hereby established as a separate fund to be held by the Treasurer, the County of Xxxx Xxxxxxxxx Xxxxxxxxxx Xxxxxxxx Xx. 0000-0 (Edgewater) Administrative Expense Fund (the “Administrative Expense Fund”), to the credit of which deposits shall be made as required by Sections 4.01(B)(i) and 4.03(B), clause (i) of the second paragraph of Section 4.06(A) and Section 4.06(B). Moneys in the Administrative Expense Fund shall be held in trust by the Treasurer for the benefit of the County, and shall be disbursed as provided below.
Sample 1
Establishment of Administrative Expense Fund. There is hereby established as a separate fund to be held by the Trustee, the City of Saratoga Community Facilities District No. 2016-1 (Arrowhead Project) Administrative Expense Fund (the “Administrative Expense Fund”), to the credit of which deposits shall be made as required by Sections 4.01(D), 4.03(b) and 4.06(A). Moneys in the Administrative Expense Fund shall be held in trust by the Trustee for the benefit of the City, and shall be disbursed as provided below.
Sample 1

Related to Establishment of Administrative Expense Fund

  • 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.

  • Administrative Expenses Notwithstanding anything to the contrary contained in the Current HPA as amended by this Second Amendment, HFA and Eligible Entity may from time to time submit adjusted budgets to Treasury requesting approval to re-allocate HHF Funds to pay actual program expenses as set forth on a proposed Schedule C. In the event that Treasury shall approve an adjusted budget, in Treasury’s sole discretion, the parties shall enter into an amendment to the HPA to modify Schedules A, B and C as necessary.

  • 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.

  • Payments as Administrative Expenses Payments from the Receiver with respect to this Single Family Shared-Loss Agreement are administrative expenses of the Receiver. To the extent the Receiver needs funds for shared-loss payments respect to this Single Family Shared-Loss Agreement, the Receiver shall request funds under the Master Loan and Security Agreement, as amended (“MLSA”), from FDIC in its corporate capacity. The Receiver will not agree to any amendment of the MLSA that would prevent the Receiver from drawing on the MLSA to fund shared-loss payments.

  • Limitation of Administrative Costs Worksheet The worksheet is intended for use during the budgeting process to estimate the district's percent increase of FY2021 budgeted expenditures over FY2020 actual expenditures. Budget information is copied to this page. Insert the prior year estimated actual expenditures to compute the estimated percentage increase (decrease).

  • Administrative Costs Administrative costs will not be included in the budget neutrality agreement, but the state must separately track and report additional administrative costs that are directly attributable to the demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • – GENERAL ADMINISTRATIVE PROVISIONS Any communication relating to the Contract shall be made in writing and shall bear the Contract number. Communications shall be sent to the following addresses: Agency: European Defence Agency Contracting Unit Rue des Drapiers 00-00 X-0000 Xxxxxxxx Contractor: Mr/Mrs/Ms [complete] [Function] [Company name] [Official address in full]

  • DIR Administrative Fee A) The administrative fee to be paid by the Vendor to DIR based on the dollar value of all sales to Customers pursuant to this Contract is three-quarters of one percent (.75%). Payment will be calculated for all sales, net of returns and credits. For example, the administrative fee for sales totaling $100,000 shall be $750.00.

  • Administrative Fees The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower and the Administrative Agent.

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