Rate Stabilization Account. The District shall establish and maintain a Rate Stabilization Account (including any subaccounts that the District determines to establish therein) in the Revenue Fund for the purpose of providing, and in amounts reasonably necessary to provide, sufficient funds for the purpose of maintaining, to the extent practicable, Revenues from the Water Availability Charge and the Water Development Surcharge at constant levels for such periods as the District may determine from time to time. Consistent with the foregoing, moneys in the Rate Stabilization Fund may be used by the District (i) for the payment of Finance Costs on District Debt to the extent that District Charges and any Other District Revenues allocated for the purposes specified in Section 8.2.3 are insufficient for such purpose, (ii) for such other purposes related to District Debt as the District determines appropriate, and (iii) the acquisition, construction or replacement of Capital Facilities provided for in the CFP. The total of the amounts held in the Rate Stabilization Account pursuant to this Section 10.2 shall not exceed, during any fiscal year, 500% of the Average Aggregate Debt Service, calculated as of the first day of such fiscal year (or, if the interest on any District Debt cannot be determined as of such date, 500% of the Average Aggregate Debt Service estimated by the District on a reasonable basis as of such date).
Rate Stabilization Account. A. AIRLINE and AVIATION hereby agree that amortization on assets acquired or constructed from the proceeds of the Capital Improvement Fund shall be calculated on a straight-line amortization basis over the estimated useful life of the asset. AIRLINE and AVIATION further agree that only fifty percent (50%) of such calculated amortization shall be included in the calculation of the Rentals, Fees, and Charges, as further described in Exhibits D1 through D12 of this Agreement. The parties also agree that this amortization shall be deposited into a Rate Stabilization Account (up to the capped amount in Section 7.04(B) below) when collected from the AIRLINE, and that AVIATION may use such funds for, but is not necessarily limited to, the following: Approved as to Form September 7, 2010
Rate Stabilization Account. There is hereby established a special account designated as the “Rate Stabilization Account” to be held by the Authority in trust for the benefit of the Owners of the Bonds, which fund the Authority agrees and covenants to maintain and to hold separate and apart from other funds so long as any Bonds remain unpaid. Money transferred by Authority from the Revenue Fund to the Rate Stabilization Account in accordance with Section 5.02 shall be held in the Rate Stabilization Account and applied in accordance with the Indenture. The Authority may withdraw all or any portion of the amounts on deposit in the Rate Stabilization Account and transfer such amounts to the Revenue Fund for application in accordance with Section 5.02 hereof or, in the event that all or a portion of the Bonds are discharged in accordance with Article XI hereof, transfer all or any portion of such amounts for application in accordance with said Article XI. Amounts transferred from the Rate Stabilization Account to the Revenue Fund pursuant to this Section 3.05 during or within 270 days after a Fiscal Year, may be taken into account as Revenues for purposes of the calculations in Section 6.07 in such Fiscal Year.
Rate Stabilization Account. After having made the transfers required by subsections (a), (b), (c) and (d), above, such District may, on or before the Interest Payment Date immediately following the date on which said transfers are required to be made, transfer all or a portion of the Net Operating Revenues remaining in its Revenue Account to its Rate Stabilization Account.
