Operation and Maintenance Fund Sample Clauses

Operation and Maintenance Fund. Pursuant to the Bond Document, the District has established the Operation and Maintenance Fund. The District shall maintain the Operation and Maintenance Fund (including any accounts or subaccounts the District determines to establish therein) for the purpose of paying Operation and Maintenance Costs. The District shall maintain reserves in the Operation and Maintenance Fund (i) for the purpose of maintaining, to the extent practicable, the Wholesale Delivery Charge at a constant level for such periods as the District may determine from time to time, and (ii) for such other purposes related to operation and maintenance of the System as the District determines; provided, however, that the minimum amount required to be on deposit in the Operation and Maintenance Fund shall be established in accordance with any applicable provisions of the Bond Document and that the amount held in the Operation and Maintenance Fund during any fiscal year shall not exceed twelve months of estimated Operation and Maintenance Costs, unless otherwise required by the Bond Document.
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Operation and Maintenance Fund. The moneys in said Revenue Fund shall first be used for deposits into the Operation and Maintenance Fund, and the Authority shall deposit in said Operation and Maintenance Fund on the first day of each month an amount equal to one‐twelfth (1/12) of the amount provided in the Annual Budget of the Authority then in effect for the Operating Expenses, as defined herein, of said Airport System, as defined herein. The moneys in said Operation and Maintenance Fund shall be used by the Authority only for the Operating Expenses, as defined herein, of the Authority, including fees of the Trustee, the Special Trustee(s), Paying Agents, Liquidity Provider, Credit Support Provider, Tender Agents, Auction Agents, Remarketing Agents and other agents employed by the Authority in connection with one or more Series of Bonds issued thereunder. Any moneys remaining in the Operation and Maintenance Fund at the end of each Fiscal Year may be transferred therefrom by the Authority and deposited in the Revenue Fund.
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Operation and Maintenance Fund. There is hereby established the Operation and Maintenance Fund, which shall be maintained so long as any Parity Obligations remains outstanding. All costs of operating, maintaining and insuring the System shall be paid from the Operation and Maintenance Fund. All funds in the Operation and Maintenance Fund shall be kept separate and apart from all other funds of the Lessee and shall be deposited, secured and invested in the manner provided in Subsection F below.
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Operation and Maintenance Fund. (a) The Commission shall establish and maintain the Operation and Maintenance Fund in accordance herewith.
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Operation and Maintenance Fund. Amounts in the Operation and Maintenance Fund shall be used by the Airports Authority to pay Operation and Maintenance Expenses. Amounts in the Operation and Maintenance Fund shall not be pledged to Bondholders.
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Operation and Maintenance Fund. The fund defined and established in
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Operation and Maintenance Fund. Out of the revenues credited to the receiving fund there shall be first set aside in, or credited to, a fund established and maintained by the city designated Operation and Maintenance Fund (the “operation and maintenance fund”). Prior to the beginning of each fiscal year, the commission shall prepare an annual budget of the system for the ensuing fiscal year. Out of the revenues in the receiving fund, there shall be set aside, quarterly, and deposited into the operation and maintenance fund a sum sufficient to pay the reasonable and necessary current expenses of administering, operating and maintaining the system for the ensuing three months.
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Operation and Maintenance Fund. There shall next be paid and credited to the Operation and Maintenance Fund an amount equal to the Operational Increment for the current fiscal year of the Agency. All amounts paid and credited to the Operation and Maintenance Fund shall be expended and used by the City, as agent for the Agency, solely for the purpose of paying the operating expenses of the Arena Project to the extent revenues received by the Arena Manager are insufficient for such purposes.
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Related to Operation and Maintenance Fund

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire

  • Operating and Maintenance Expenses Subject to the provisions herein addressing the use of facilities by others, and except for operations and maintenance expenses associated with modifications made for providing interconnection or transmission service to a third party and such third party pays for such expenses, the Interconnection Customer shall be responsible for all reasonable expenses including overheads, associated with: (1) owning, operating, maintaining, repairing, and replacing the Interconnection Customer’s Interconnection Facilities; and (2) operation, maintenance, repair and replacement of the Participating TO’s Interconnection Facilities.

  • Operating and Maintenance Costs The Participating Generator shall be responsible for all its costs incurred in connection with operating and maintaining the Generating Units identified in Schedule 1 for the purpose of meeting its obligations under this Agreement.

  • Construction and Maintenance There are on-going maintenance, renovation and construction projects taking place in and around the residences. The work typically takes place during regular business hours, but may begin earlier or extend into evenings or weekends. On-going construction or renovation projects will continue through midterm and final exam periods. The University will take measures to ensure that prudent construction practices are followed, but there may be noise, dust and temporary interruption of some services. Residents may be required to temporarily or permanently relocate to facilitate construction or renovation to their residence area. There will be no compensation or reduction to your residence fees due to disruption and/or relocation.

  • Repair and Maintenance Except in the case of damage to or destruction of the Leased Premises, the Building, the Outside Areas or the Property caused by an act of God or other peril, in which case the provisions of Article 10 shall control, the parties shall have the following obligations and responsibilities with respect to the repair and maintenance of the Leased Premises, the Building, the Outside Areas, and the Property.

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