Operating Fund. The Borrower shall have an operating cash balance for the Project equal to at least 15 days of annual budgeted Operation and Maintenance Costs as of the Closing Date and as of the last day of each fiscal year (such cash balance shall be exclusive of any amounts in the funds and accounts held by the Trustee or funds representing resident security deposits).
Operating Fund. Balance available 1 January 201_ Add: Remittances from United Nations Interest income Miscellaneous income (specify) Subtotal Less: Expenditure a/ Staff and other personnel costs Travel on official business Contractual services Operating expenses Acquisitions Fellowships, grants, other Total expenditure b/ Balance available 31 December 201_
Operating Fund. HRTAC will hold the Operating Fund as a separate Fund for the purposes of paying Operating Expenses. Neither the Operating Fund nor any amount therein is pledged to secure the Bonds or the Subordinate Obligations. HRTAC shall pay Operating Expenses from the Operating Fund as they become due and in accordance with the purposes and amounts provided in the Annual Budget. In determining the balance on deposit in the Operating Fund for any purpose of this Master Indenture, there shall be deducted the amount of any issued but unpaid checks drawn against the Operating Fund. Investment earnings on amounts in the Operating Fund, if any, shall be transferred to the General Fund and applied for purposes of Section 8.6 below.
Operating Fund. Operating Fund" means a financial account specially designated to provide operating funds for the digital trunked radio system.
Operating Fund. Amount (USD) Balance as of 1 January (Year) - Add: Remittances from United Nations in (Year) Interest Income a/ - Miscellaneous income a/ - Subtotal - Unliquidated Obligation Disbursements Less: Staff and other personnel expenses Travel on official business Contractual services Operating expenses Acquisitions Fellowships, grants and others Total expenditures - Programme support costs …% - Total expenditures and programme support costs - Balance as of 31 December (Year) - Notes:
Operating Fund. Upon written notice by OHCS, which notice OHCS may give and retract from time to time at its sole, but reasonable discretion, the Owner will establish and maintain a Project Operating Income and Expense Fund (the “Operating Fund”) with a depository approved in writing by OHCS (and acceptable to the Lender during the period of the Loan). The processes otherwise allowed in the Loan Documents for the deposit and expenditure of Operating Income will be deemed permissible under this Agreement unless and until the Owner is notified by OHCS that it must implement the Operating Fund. Upon written notice by OHCS, all Operating Income will be deposited immediately in the Operating Fund, and Owner will promptly pay all Operating Expenses out of this Operating Fund. No other use of the Operating Fund deposits or the moneys required to be placed therein, including the distribution of Excess Revenues, may be made by Owner without prior written approval of OHCS. The Operating Fund must be held with the Lender so long as any loan secured by the Bank Deed of Trust remains outstanding.
Operating Fund. Monies in the Operating Fund shall be used solely and exclusively for purposes of financing costs associated with the day-to-day, on-site management and operation of New Navigation Center, including such expenses as insurance, personnel, consumables, disposables, refuse disposal, utility costs, professional services providers, and exclusively for purposes of financing costs associated with the regular and routine maintenance, repair, or replacement of capital improvement associated with the New Navigation Center. Exhibit “H” Notices and Designation of Party Representative(s)
Operating Fund. Carrying out of Additional Investments for water supply or wastewater treatment, and Expenditures for improvement of LVK’s commercial and financial management systems, training and public information and opinion survey activities. Part D: Institutional Strengthening Provision to LVK, under a contract with a MOIA, of management and operations improvement advisory services to: (a) strengthen LVK’s management, through the introduction of computerized management, control, financial and commercial systems, procurement assistance and training of LVK’s staff in the operation of the new systems; and (b) design and implement measures and programs to: (i) increase network and plant efficiency; (ii) reduce leakage; (iii) improve water demand management; and (iv) improve quality of services provided to consumers.
Operating Fund. The “Operating Fund” so designated and to be established by the Trustee pursuant to Section 6.07
Operating Fund. (a) HRTAC shall promptly deposit in the Operating Fund any amounts made available to HRTAC, from any source, for use in paying the Operating Expenses.
