Maintenance of Fund Sample Clauses

Maintenance of Fund. The District shall be responsible for valuing fund contributions, monitoring the fund balance and making fund distributions. The District shall provide annually to CSEA, Chapter 420, an itemized account of all bargaining unit member donations and withdrawals from the fund.
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Maintenance of Fund. The legislative body may at any time transfer to the repair fund, out of any money in the general fund of this jurisdiction, such sums as it may deem necessary in order to expedite the performance of the work of repair or demolition, and any sum so transferred shall be deemed a loan to the repair fund and shall be repaid out of the proceeds of the collections hereinafter provided for. All funds collected under the proceedings hereinafter provided for shall be paid to the treasurer of this jurisdiction who shall credit the same to the repair fund.
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Maintenance of Fund. Escrow Agent shall hold the escrow funds in trust, commingled with similar funds of other issuers, but shall maintain detailed records to reflect the share thereof attributable to each issuer. Any money deposited in the Proceeds Escrow Account may be invested by the Escrow Agent at the direction of the Issuer in Short-Term Money Market Investments and/or Government Securities having maturities no greater than thirty (30) days and subject to redemption at the option of the holder thereof at any time, provided that any risk of loss on such 2 investments shall be borne by the Issuer. Escrow Agent shall furnish periodic statements to Issuer reflecting all receipts and disbursements from the Escrow Account.
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Maintenance of Fund. During the term of this Agreement, the Paying Agent shall hold and safeguard the Fund in accordance with this Agreement and shall disburse the Fund, or any portion(s) thereof, only in accordance with this Agreement. As between Ginkgo and Amyris, the Fund shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any Party except as otherwise provided in Section 28 below, and shall be held and distributed solely for the purposes and in accordance with this Agreement.
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Maintenance of Fund. Escrow Agent shall hold the escrow funds in trust, commingled with similar funds of other issuers, but shall maintain detailed records to reflect the share thereof attributable to each issuer. Escrow Agent may invest such funds in any form of account or deposit insured by federal depositor insurance or in interest-bearing obligations issued by the United States Government or any political subdivision thereof or mutual funds investing therein. Escrow Agent shall furnish periodic statements to Issuer reflecting all receipts and disbursements from the Escrow Account.
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Related to Maintenance of Fund

  • Maintenance of Facilities 5.1 The Network Customer shall maintain its facilities necessary to reliably receive capacity and energy from the Host Transmission Owner’s transmission system consistent with Good Utility Practice. The Transmission Provider or Host Transmission Owner, as appropriate, may curtail service under this Operating Agreement to limit or prevent damage to generating or transmission facilities caused by the Network Customer’s failure to maintain its facilities in accordance with Good Utility Practice, and the Transmission Provider or Host Transmission Owner may seek as a result any appropriate relief from the Commission.

  • Maintenance of Funds in the Trust Account During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the trustee under the Trust Agreement to release from the Trust Account funds (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes and (ii) to Public Stockholders who properly redeem their Public Shares in connection with a vote to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company does not consummate an initial Business Combination within the time period set forth in the Amended and Restated Certificate of Incorporation or with respect to any other material provisions relating to stockholders’ rights or pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (which interest shall be net of taxes payable)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination or the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

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