Maintenance Fund Sample Clauses

Maintenance Fund. Notwithstanding the foregoing, in connection with certain maintenance activities for the Premises and Donated Property, Donor intends to establish a maintenance and repair fund in the amount of [•] Dollars ($[•]) (the “Maintenance Fund”), with a nonprofit organization exempt from United States federal income taxation under Section 501(a) of the Code, as more particularly described in Section 501(c)(3) of the Code, and further classified as other than a private foundation within

Maintenance Fund. In order to maintain and improve the Lake Templene area, commencing May 1, 1989, and on May 1st of each year thereafter, the purchaser of each lot (or title holder, if title has been conveyed) shall pay forty-eight dollars ($48.00) to Lake Templene Maintenance Company, its successors or assigns. Funds so collected shall be used for maintenance only of the Lake Templene Maintenance Company to maintain all dams, parks, and mowing of lots until built on, bridle paths, beaches, regulate the lake level, pay salaries, and administrative costs and general beautification and betterment of Lake Templene. Annual payments shall be a lien on each lot; and, if not paid by July 15th of each year, may be noted by affidavit recorded with the Register of Deeds.

Maintenance Fund. Each purchaser/ flat owner shall make a payment of the advance maintenance fund (i.e., an amount equivalent to 24 (twenty-four) months’ maintenance charges) at the time of purchasing a flat in the Project (which is included in the total amount payable by each purchaser/ flat owner under this agreement. The Developer reserves the right to utilize the said advance maintenance fund in order to provide essential maintenance services in the Project till the time Association is formed. At the time of handover of the maintenance services to such Association by the Developer, the balance advance maintenance fund (if any) shall be transferred to the Association within 30 (thirty) days from the date of such handover.

Maintenance Fund. 1. The School District Board shall levy an additional tax of a minimum of one-half mill for each dollar of valuation for the maintenance of the Project, pursuant to, and in accordance with the requirements of ORC Sections 3318.05 (B), 3318.06 (A)(2)(a) and (A)(3), and 3318. 2. In the alternative, the School District Board may elect, pursuant to ORC Sections 3318.05 (C) and 3318.06 (A)(2)(b), to satisfy its local maintenance requirement by earmarking from the proceeds of an existing permanent improvement tax levied under ORC Section 5705.21 an amount equivalent to the amount of the additional tax described in ORC Section IV (A)(1) above. The tax must be of at least two ▇▇▇▇▇ for each dollar of valuation and eligible to be used for maintenance. 3. In the alternative, the School District Board may elect to satisfy its local maintenance requirement by applying the proceeds of a property tax or the proceeds of an income tax, or a combination thereof, pursuant to ORC Section 3318.052. 4. In the alternative, the School District Board may, pursuant to ORC Section 3318.061, extend a previously approved tax of one-half mill for each dollar of valuation levied as a condition of participating in a previous state school building assistance program by a number of years so that one-half mill will be collected for at least twenty-three years from the completion of this Agreement. 5. Pursuant to ORC Section 3318.084, the School District Board may apply any local donated contribution as an offset of all or part of a district’s obligation to levy the tax described in Section IV (A)(1) above. The School District Board shall deposit in the maintenance fund any local donated contribution to serve as an offset of all or a portion of the amount that the Commission, in consultation with the Department of Taxation, determines is likely to be generated by a tax of one-half mill for each dollar of valuation over a period of twenty-three years. Pursuant to ORC Sections 3318.08(E) and 3318.084(D)(2), the Commission may approve a stipulation by the School District Board that the Treasurer will have deposited the full amount of the maintenance fund requirement from local donated contributions by the anticipated completion date of the Project according to a schedule for deposit of such money approved by the Commission. 6. In the alternative, the School District Board may, pursuant to ORC Section 3318.36 (D) (3), elect to delay levying the maintenance fund tax, or alternatively, earmarking...

Maintenance Fund. The Grantor intends to set up a maintenance fund for the Mill Lane. Should the Grantee, or its successors in title, wish to join a communal lane maintenance fund (where available), intended to spread any maintenance payments in respect of Mill Lane, then they should contact the Grantor to agree the amount and regularity of the payments save that the Grantor shall not use any funds listed in Paragraph 5, Schedule 2 of this deed for any such fund without the consent of the Grantee or its successors in title.

Maintenance Fund. 1. Unless the School District Board has otherwise satisfied the maintenance fund requirements in a prior segment or has elected to prorate its full maintenance amount pursuant to ORC Section 3318.034, the School District Board shall levy an additional tax as required by law for each dollar of valuation for the maintenance of Segment One of the Project, pursuant to, and in accordance with the requirements of ORC Sections 3318.05 (B), 3318.06 (A)(2)(a) and (A)(3) and 3318. 2. In the alternative, the School District Board may elect, pursuant to ORC Sections 3318.05 (C) and 3318.06 (A)(2)(b), to satisfy its local maintenance requirement by earmarking from the proceeds of an existing permanent improvement tax levied under ORC Section 5705.21, an amount equivalent to the amount of the additional tax described in Section IV (A)(1) above (Exhibit A – Resolution Authorizing the School District Board to Earmark Dollars to the Maintenance Fund (Fund 034) attached). 3. In the alternative, the School District Board may elect to satisfy its local maintenance requirement by applying the proceeds of a property tax or the proceeds of an income tax, or a combination thereof, pursuant to ORC Section 3318.052. 4. In the alternative, the School District Board may, pursuant to ORC Section 3318.061, extend a previously approved tax of one-half mill for each dollar of valuation levied as a condition of participating in a previous state school building assistance program by a number of years so that one-half mill will be collected for at least twenty-three years from the completion of this Agreement. 5. Pursuant to ORC Section 3318.084, the School District Board may apply any local donated contribution as an offset of all or part of a district’s obligation to levy the tax described in Section IV (A)(1) above. The School District Board shall deposit in the maintenance fund any local donated contribution to serve as an offset of all or a portion of the amount that the Commission, in consultation with the Department of Taxation, determines is likely to be generated by a tax of one-half mill for each dollar of valuation over a period of twenty-three years. In the event that School District Board chooses this option, the Commission, at the end of the twenty- three year period, shall recalculate the amount that would have been generated by the tax described in ORC Section 3318.05, if it had been levied at one-half mill. If the actual amount generated over that period is less than the am...

Maintenance Fund. No less than once a year the TOWN shall deposit into an interest bearing “maintenance fund” bank account an amount of money which shall be equal to 20% of the difference between the wholesale wastewater rate paid by the TOWN to the CDD and the retail wastewater rate paid by the COMMUNITY to the TOWN. Upon written request by the COMMUNITY to the Mayor of the TOWN, money may be withdrawn from the maintenance fund account and be used by the COMMUNITY to repair, replace, or maintain the portion of the Collection and Transmission Facilities beginning outside of the Development and continuing to the CDD. The money in the maintenance fund account may not be used by the COMMUNITY for flushing the Collection and Transmission Facilities. Money, if any, remaining in the maintenance fund account when this Agreement terminates shall revert to the TOWN.

Maintenance Fund. The Trustee shall establish and maintain a fund containing, in Pesos, the amounts described below (the “Maintenance Fund”). The Maintenance Fund shall be replenished with the funds from the sources and in accordance with the mechanism specified below: (i) the amount corresponding to the Trustee’s fees for the provision of its services as established herein. For this purpose, the Trustee shall separate out, from the resources obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to pay the Trustee’s fees under the terms established herein. The respective retention shall be carried out by the Trustee with funds deposited during the month immediately preceding the date on which the respective payment must be made, on the understanding that if the amounts deposited in the Collection Account on that date are insufficient to pay the Trustee’s fees, the Trustee shall notify the Trustor and the Credit Agent, and the Trustor shall contribute the funds necessary to make said payment within no more than two Business Days of the date of said notification; (ii) the amount corresponding to the fees payable to the Outside Auditor for the provision of his or her services as established herein, which shall be reasonable and in accordance with market terms. For this purpose, the Trustee shall separate out, from the resources obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to pay the Outside Auditor’s fees. The respective retention shall be carried out by the Trustee with funds deposited during the month immediately preceding the date on which the respective payment must be made, on the understanding that if the amounts deposited in the Collection Account on that date are insufficient to pay said fees, the Trustee shall notify the Trustor and the Credit Agent, and the Trustor shall contribute the funds necessary to make said payment within no more than two Business Days of the date of said notification. The Outside Auditor’s fees shall be paid by the Trustee for and by order of the Trustor and on the understanding that said fees must be reasonable and in accordance with market terms; [stamp:] LIC. G. ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ UNITED MEXICAN STATES NOTARY’S OFFICE NO. ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ NOTARY 131 OF THE ...

Maintenance Fund. 29.1 You may apply for a release of monies from the Maintenance Fund once You have completed any maintenance required by You under the terms of this tenancy if You do the following: (a) apply to Us in writing within two calendar months of completion of the works enclosing: (i) full details of the work You have carried out; (ii) contractors’ receipted invoices showing the cost of the work; and (iii) details of the amount of monies that You wish to be released from the funds (which must not exceed the cost of the works and must exclude VAT and which for the avoidance of doubt cannot be less than a net sum of £100). Once We have received Your application and Our surveyor has (if We require) inspected the works and confirmed that You have complied with the requirements of this clause [29], We will release to You the amount of monies that You have proved that You have spent on the works up to the maximum of the amount held in the Maintenance Fund. Our surveyor may be Our employee. 29.2 On the first day of the Term and each anniversary thereafter We will pay a sum into the Maintenance Fund which means that on such day the balance of the Maintenance Fund stands at £1,000 29.3 At the end of the Term (howsoever occurring) if you have complied with all of Your obligations in this tenancy then as soon as reasonably practicable thereafter We shall pay to You any unused element of the Maintenance Fund as at the end of the Term. . 29.4 If We sell Our interest in the Property We will pass the monies held in the Maintenance Fund to the new owner after deducting any sums that may be owed to Us.