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Fund Deposits Sample Clauses

Fund Deposits. A. In order to carry out the purposes of section 607 of the Act as more specifically set forth in Schedule B of this Agreement, for each of the taxable years covered by this Agreement; 1. The Party shall deposit, in any order, all amounts received from the following: a. Receipts (earnings) from the investment and reinvestment of amounts held in the Fund; and b. Except as shall be specifically exempted from deposit by the Secretary, net proceeds (i) the sale or other disposition (including any mortgage) of any agreement vessel, and/or (ii) any insurance or indemnity attributable to any agreement vessel resulting from total loss whether such loss was determined by compromise, constructively, or by agreement. 2. In addition to the deposits required by section (A) of this Article V, the party may make deposit in any order and amount, but not in excess of the sum of: a. One hundred percent of the taxable income attributable to the operation of the agreement vessels in the fisheries of the United States; b. The amount allowable as a deduction under section 167 of the Internal Revenue Code for such year in respect to the agreement vessels; and/or c. Net proceeds not required to be deposited under section (A) (1) (b) of this Article V from (i) the sale or other disposition (including any mortgage) of any agreement vessel, and/or (ii) any insurance or indemnity attributable to any agreement vessel. In no event may the deposits of taxable income from agreement vessels for any taxable year exceed one hundred percent of the taxable income of the Party for such year. Deposits may be made to the ordinary income, capital gain, and capital accounts from any moneys or funds of the Party, however, the Federal income tax treatment of any deposit shall be that specified under section 607 of the Act. B. Deposits which are determined by subsequent audit to exceed the limitations stated in section (A) of this Article V may be applied as deposits applicable to a subsequent taxable year under this Agreement. In the event that upon subsequent audit it is determined that amounts deposited in the Fund for any taxable year fall below the maximum limitations stated in section (A) of this Article V, additional deposits may be made applicable to such taxable year. X. Xxxxxxxx may be made in the form of mortgages and evidences of indebtedness received in connection with transactions referred to in section (A) of this Article V. D. With respect to any leased vessel covered by this Agreemen...
Fund Deposits. Until or unless PID Bonds are issued, the City shall bill, collect, and deposit into the City Project Fund all Assessment Revenue consisting of: (1) revenue collected from the payment of Assessments (including Prepayments and amounts received from the foreclosure of liens but excluding costs and expenses related to collection); and (2) revenue collected from the payment of Annual Installments (excluding Annual Collection Costs and Delinquent Collection Costs). Once PID Bonds are issued, the City shall bill, collect, and deposit all Assessment Revenue in the manner set forth in the applicable Indenture. Upon the issuance of PID Bonds, the City shall also deposit Bond Proceeds and any other funds authorized or required by the Indenture and the Developer shall deposit any funds or provide other fiscal security required by this Agreement and the Indenture in the manner set forth in the applicable Indenture. Annual Installments shall be billed and collected by the City (or by any person, entity, or governmental agency permitted by law) in the same manner and at the same time as City ad valorem taxes are billed and collected. Funds in the PID Project Fund shall only be used in accordance with the applicable Indenture. Funds in the City Project Fund shall only be used to pay Actual Costs of the Authorized Improvements or all or any portion of the Reimbursement Obligation in accordance with the Reimbursement Agreement. Notwithstanding any other provision in this Agreement, the Actual Costs of Authorized Improvements allocable to each phase or “Improvement Area” shall be paid from the Bond Proceeds or Assessment Revenue collected solely from Assessments levied on the property within such phase or “Improvement Area” benefitting from such Authorized Improvements. The City will take and pursue all actions permissible under Applicable Laws to cause the Assessments to be collected and the liens related to such Assessments to be enforced continuously, in the manner and to the maximum extent permitted by the Applicable Laws, and, to the extent permitted by Applicable Laws, to cause no reduction, abatement or exemption in the Assessments for so long as any PID Bonds are outstanding or a Reimbursement Obligation remains outstanding. The City shall determine or cause to be determined, no later than February 15 of each year whether any Annual Installment is delinquent and if such delinquencies exist, the City will order and cause to be commenced as soon as practicable, and su...
Fund Deposits. The City, or its designee, shall xxxx and collect Annual Installments in the manner and at the times determined by the City; and, the City shall immediately deposit all Assessment Revenue in the manner set forth in the applicable Bond Indenture. Subject to Section 3.3, the City shall also deposit Bond Proceeds and any other funds authorized or required by the applicable Bond Indenture in the manner set forth in the applicable Bond Indenture. Funds in a PID Project Fund shall only be used in accordance with the applicable Bond Indenture. Prior to the closing of any PID Bonds, the Developer shall make any deposits to the University Property Improvement Account and/or the Developer Property Tax Account in the amount and in the manner set forth in the Bond Indenture relating to such PID Bonds. Any amounts so deposited into such accounts shall be used in the manner set forth in the applicable Bond Indenture and, with respect to the Developer Property Tax Account, the Redemption/Waiver Agreement. Unused funds in the University Property Improvement Account and the Developer Property Tax Account shall be released to the Developer at the time and in the manner set forth in the applicable Bond Indenture and the applicable Redemption/Waiver Agreement.
Fund Deposits. To deposit funds into the Account, the Client shall arrange for the deposit or transfer of the funds to AIML's client account as specified by AIML from time to time. Without prejudice to clause 3, AIML shall be under no duty to credit any funds to the Account until it has received cleared and immediately available funds into its client account and is able to match those funds deposited or transferred form from the Client. Where AIML receives cleared and immediately available funds into AIML's client account after the cut off time specified by AIML from time to time on any Business Day, the funds will be credited to the Account no earlier than the next Business Day. AIML shall not be liable to the Client for:
Fund DepositsThe City shall xxxx, collect, and deposit into the Kiber Reserve PID Reimbursement Fund all Assessment Revenues consisting of: (1) revenue collected from the payment of Assessments (including pre-payments and amounts received from the foreclosure of liens but excluding costs and expenses related to collection) levied against Assessed Property; and
Fund DepositsThe fund deposits shall accrue in sufficient amount to meet projected repair & replacement cost and provide a contingency fund. The total amount of Capital Repair and Replacement Funds is comprised of the combined, Initial Deposit, plus Projected Costs, plus Contingency Fund.
Fund DepositsThe City shall xxxx, collect, and immediately deposit into the PID Reimbursement fund all Assessment Revenue consisting of (1) revenue collected from the payment of Assessments (including prepayments and amounts received from foreclosure of liens but excluding costs and expenses related to collection) levied against Assessed Property; and (2) revenue collected from the payment of Annual Installments (excluding Administrative Expenses and Delinquent Collection Costs) of Assessments levied against Assessed Property. If an Assessment is not paid in full, it shall be paid in Annual Installments as set forth in the SAP. Annual Installments shall be billed and collected by the City (or by any person, entity, or governmental agency permitted by law) in the same manner and at the same time as City ad valorem taxes are billed and collected. Funds in the PID Reimbursement Fund shall only be used in accordance with the SAP and this Agreement in accordance with applicable law.
Fund Deposits. 3.1.1 Unless and until PID Bonds are issued, the City shall xxxx, collect, and immediately deposit into the PID Reimbursement Fund, which PID Reimbursement Fund is hereby created and established as a fund under this Agreement, all Assessment Revenue consisting of: (a) revenue collected from the payment of Special Assessments (including pre- payments and amounts received from the foreclosure of liens but excluding costs and expenses related to collection); and (b) revenue collected from the payment of Annual Installments (excluding Administrative Expenses and Delinquent Collection Costs). After the issuance and delivery of PID Bonds for the Phase 2 and 3 Authorized Improvements, the City shall xxxx, collect, and immediately deposit all Assessment Revenue in the manner set forth in the Bond Indenture. The City shall also deposit Bond Proceeds in the manner set forth in the Bond Indenture. Annual Installments shall be billed and collected by the City (or by any person, entity, or governmental agency permitted by law) in the same manner and at the same time as the City ad valorem taxes are billed and collected. Funds in the PID Project Fund shall only be used in accordance with the Bond Indenture. Funds in the PID Reimbursement Fund shall only be used to pay all or any portion of the Reimbursement Agreement Balance in accordance with this Agreement. 3.1.2 The City hereby confirms, covenants, and agrees that for so long as amounts are due to Developer under this Agreement and for so long as PID Bonds are outstanding, that the City will do the following in the manner and to the maximum extent permitted by applicable law, subject to any conflicting provisions in the Bond Indenture: (a) take and pursue all actions necessary to cause the Special Assessments to be collected; (b) take and pursue all actions necessary to cause the liens related to the Special Assessments to be enforced continuously, including diligently prosecuting an action in district court to foreclose for delinquent or nonpayment of Special Assessments, including Annual Installments; and (c) take and pursue all actions necessary to cause no reduction, abatement or exemption of the Special Assessments. Notwithstanding the foregoing, the City shall not be required under any circumstances to purchase or make payment for the purchase of the delinquent Special Assessments or the corresponding Assessed Parcel. The Bond Indenture shall control in the event of any conflicts with this Agreement.
Fund DepositsThe City shall bill, collect, and immediately deposit into the Greystone PID Reimbursement Fund all Assessment Revenues consisting of: (1) revenue collected from the payment of Assessments (including pre-payments and amounts received from the foreclosure of liens but excluding costs and expenses related to collection) levied against Assessed Property; and
Fund Deposits. All credits are applied to Customer’s Fund Account: $ 7,200 $12,000 One Time Credit: The Customer will receive 2 credits with each credit being equal to $7,500. Payment Arrangements: The Customer must pay for Company service within 30 days of the date of the Company’s invoice.