Common use of Establishment of Enterprise Fund and Reserve Fund Clause in Contracts

Establishment of Enterprise Fund and Reserve Fund. In order to carry out its System Obligations, the Recipient covenants that it shall establish and maintain or shall have established and maintained the Enterprise Fund. All Revenues received shall be deposited when and as received in trust in the Enterprise Fund. As required in this Exhibit, the Recipient must establish and maintain a Reserve Fund.

Appears in 4 contracts

Samples: waterboards.ca.gov, pub-lamesa.escribemeetings.com, Community Services District And

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Establishment of Enterprise Fund and Reserve Fund. β€Œ In order to carry out its System Obligations, the Recipient covenants that it shall establish and maintain or shall have established and maintained the Enterprise Fund. All Revenues received shall be deposited when and as received in trust in the Enterprise Fund. As required in this Exhibit, the Recipient must establish and maintain a Reserve Fund.

Appears in 3 contracts

Samples: Construction Installment Sale Agreement, sccsd.diligent.community, www.cityofpaloalto.org

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