Establishment of Funds. The Trust shall be divided into separate funds as may be established from time to time (each, a “Fund”). The Trustee shall administer hereunder each such Fund as the Trustee shall deem necessary or desirable from time to time for the effective investment of assets of the Participating Plans. One Fund may hold units of participation in another Fund. Each Fund shall be separately held, administered, invested, valued, distributed, and accounted for and all provisions of this Trust shall apply to each Fund, respectively, unless the context requires or specifically provides otherwise. The assets of each Fund shall be invested and reinvested in any kind of property, real or personal, in accordance with the investment objectives and policies of each Fund established pursuant to Section 3.3.
Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts:
(a) The Funding Loan Payment Fund;
(b) The Project Fund (and within such fund, the Note Proceeds Account);
(c) The Expense Fund;
(d) The Closing Costs Fund; and
(e) The Rebate Fund. All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement shall be held by the Fiscal Agent in trust for the benefit of the Funding Lender, and except for money held in the Expense Fund, the Rebate Fund and Closing Costs Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof.
Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts:
(a) The Governmental Lender Note Payment Fund;
(b) The Project Fund, and within the Project Fund, a Note Proceeds Account, a Capitalized Interest Account and a Borrower Equity Account;
(c) The Expense Fund;
(d) The Closing Costs Fund; and
(e) The Rebate Fund.
Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts:
(a) The Governmental Lender Note Payment Fund;
(b) The Project Fund, and within the Project Fund, a Note Proceeds Account, a Capitalized Interest Account and a Borrower Equity Account;
(c) The Expense Fund;
(d) The Closing Costs Fund; and
(e) The Rebate Fund. All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement shall be held by the Fiscal Agent in trust for the benefit of the Funding Lender, and except for money held in the Expense Fund, the Closing Costs Fund and the Rebate Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof.
Establishment of Funds. Any donor, group of donors, corporation, foundation, or IEEE in the name of one or more of its organizational units may request the establishment of a new Fund. The Foundation Board of Directors shall approve the establishment of all Funds to be managed by the Foundation with the exception of:
Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts:
(a) The Funding Loan Payment Fund;
(b) The Project Fund (consisting solely of a Note Proceeds Account, an Equity Account, a Remaining Funding Loan Proceeds Account and a Negative Arbitrage Account);
(c) The Expense Fund;
(d) The Closing Costs Fund; and
(e) The Rebate Fund (to be established by the Fiscal Agent once the Fiscal Agent is required to deposit or transfer, as applicable, amounts to the Rebate Fund in accordance with Section 7.8(a)). All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement shall be held by the Fiscal Agent for the benefit of the Funding Lender, and except for money held in the Expense Fund or the Rebate Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof. All money to be deposited with or paid to the Fiscal Agent shall be wired to the Fiscal Agent pursuant to the wiring instructions contained in Exhibit E attached hereto. The Fiscal Agent shall provide Written Notice of any change to such wiring instructions to the Funding Lender and the Borrower no less than five (5) Business Days prior to the next payment date for which such revised instructions will be applicable.
Establishment of Funds. There are established with the Fiscal Agent the following funds and accounts:
(a) The Funding Loan Payment Fund;
(b) The Project Fund (consisting solely of a Note Proceeds Account and an Equity Account);
(c) The Expense Fund;
(d) The Closing Costs Fund; and
(e) The Rebate Fund (to be established by the Fiscal Agent once the Fiscal Agent is required to deposit or transfer, as applicable, amounts to the Rebate Fund in accordance with Section 7.8(a)). All money required to be deposited with or paid to the Fiscal Agent for the account of any of the funds or accounts created by this Funding Loan Agreement shall be held by the Fiscal Agent for the benefit of the Funding Lender, and except for money held in the Expense Fund or the Rebate Fund, shall, while held by the Fiscal Agent, constitute part of the Pledged Revenues and be subject to the lien hereof.
Establishment of Funds. The Board shall establish and maintain such funds and accounts as may be required by generally accepted public agency accounting practices. The Authority shall maintain strict accountability of all funds and report of all receipts and disbursements of the Authority.
Establishment of Funds. (A) On or prior to the date hereof, the following Funds shall be established to be held by the Master Trustee:
(1) Project Fund,
(a) Cost of Issuance Account
(2) Revenue Fund,
(3) Senior Debt Service Fund,
(4) Subordinate Debt Service Fund,
(5) Senior Debt Service Reserve Fund,
(a) Clean Water Account,
(b) Drinking Water Account,
(6) Subordinate Debt Service Reserve Fund,
(a) Clean Water Account,
(b) Drinking Water Account,
(7) Senior Redemption Fund,
(8) Subordinate Redemption Fund,
(9) Clean Water Equity Fund,
(a) Interim Loan Account,
(10) Drinking Water Equity Fund,
(a) Interim Loan Account,
(11) Administrative Expense Fund,
(12) Rebate Fund; and
Establishment of Funds. (a) The Funds listed below are hereby established with respect to all of the Outstanding Bonds and Subordinate Obligations issued under or in accordance herewith and HRTAC’s operations, and HRTAC shall hold each such Fund without commingling the monies held therein.
(1) Revenue Fund;
(2) Operating Fund; and
