Rate Stabilization Fund. The City has the right at any time to establish a rate stabilization fund (the “Rate Stabilization Fund”) to be held by it and administered in accordance with this Section, for the purpose of stabilizing the rates and charges imposed by the City with respect to the Water System. From time to time the City may deposit amounts in the Rate Stabilization Fund, from any source of legally available funds, including but not limited to Net Revenues that are released from the pledge and lien which secures the Installment Payments and any Parity Debt, as the City may determine.
Rate Stabilization Fund. The Rate Stabilization Reserves Fund maintained under the control of the Governing Board of the City of Detroit Employee Benefits Plan established pursuant to Title 9, Chapter VIII of the Charter of the City of Detroit for the exclusive purpose of providing hospital, surgical, and death benefits for current or former employees of the City.
Rate Stabilization Fund. To maximize rate stability, to fulfill risk-sharing objectives and to protect the interests of SHIP Insureds, a rate stabilization fund (the "RSF") like that referenced in Code section 807(c)(6) shall be established and maintained in connection with the SHIP Plans. On or about the Commencement Date, United will accept transfer from Prudential of the funds comprising the then existing rate stabilization fund for the health insurance plans under the Existing Program, which funds will initially comprise the RSF. United will seek to maintain the RSF Balance Percentage within (***) of the target RSF Balance Percentage determined pursuant to Section 3.3.7(d) hereof. To the extent that the RSF Balance Percentage exceeds the applicable target RSF Balance Percentage, United shall be required to submit to AARP Trust recommendations for reducing the excess through premium holidays for SHIP Insureds or by other means. 8.3
Rate Stabilization Fund. (i) The District has created the Sewer Rate Stabilization Fund, which funds the District agrees and covenants to maintain and to hold separate and apart from other funds so long as any Installment Payments remain unpaid. If and when the District creates the Water Stabilization Fund, the District agrees and covenants to maintain and to hold it separate and apart from other funds so long as any Installment Payments remain unpaid. Money transferred by the District from the Revenue Fund to the respective Rate Stabilization Fund in accordance with this section shall be held in such Rate Stabilization Fund and applied in accordance with this Installment Purchase Agreement.
(ii) The District may withdraw all or any portion of the amounts on deposit in the Rate Stabilization Fund and transfer such amounts to the related Revenue Fund for application in accordance with clause (iii) below. Amounts transferred from the Rate Stabilization Fund to the related Revenue Fund pursuant to this section during or within 270 days after a Fiscal Year may be taken into account as Revenues for purposes of the calculations in Sections 4.07 and 4.08 in such Fiscal Year.
(iii) All Revenues not required to be withdrawn pursuant to the provisions 4.06(c) above shall be used for expenditure for any lawful purpose of the District. From time to time the District may deposit in the related Rate Stabilization Fund, from remaining Net Revenues described in this subsection (d) or other available funds of the District, such amounts as the District shall determine. The District may withdraw amounts from the Rate Stabilization Fund: (i) for transfer to the related Revenue Fund for inclusion in related Revenues for any Fiscal Year; or (ii) for any other lawful use of the District. All interest or other earnings upon deposits in the Rate Stabilization Fund shall be withdrawn therefrom and accounted for as related Revenues.
Rate Stabilization Fund. There is hereby created a separate fund to be known as the “Rate Stabilization Fund,” to be held, replenished and maintained by the District. The District may at any time withdraw from the Rate Stabilization Fund any money therein for deposit in the Utility Fund or Bond Fund; provided, that any such deposits or withdrawals may be made up to and including the date that is one hundred twenty (120) days after the end of the Fiscal Year or twelve (12) calendar month period for which such deposit or withdrawal will be taken into account in determining Adjusted Annual Revenues; and provided further, that no deposit of Net Revenues shall be made into the Rate Stabilization Fund to the extent that such deposit would prevent the District from meeting the Coverage Requirement in any Fiscal Year or twelve (12) calendar month period.
Rate Stabilization Fund. There is hereby continued a special fund designated as the “Rate Stabilization Fund” to be held by the Agency in trust hereunder, which fund the Agency agrees and covenants to maintain and to hold separate and apart from other funds so long as any Installment Payments or Bonds remain unpaid. Money transferred by the Agency from the Revenue Fund to the Rate Stabilization Fund in accordance with Section 5.2(e) shall be held in the Rate Stabilization Fund and applied in accordance with this Installment Purchase Agreement. The Agency may withdraw all or any portion of the amounts on deposit in the Rate Stabilization Fund and transfer such amounts to the Revenue Fund for application in accordance with Section 5.2 hereof or, in the event that all or a portion of the Series 2018A Installment Payments are discharged in accordance with Section 9.1(b) or (c) hereof, transfer all or any portion of such amounts for application in accordance with said section.
Rate Stabilization Fund. The Authority shall deposit on the Closing Date
Rate Stabilization Fund. (a) Each month, the Metropolitan Government shall transfer from the Rate Stabilization Fund to the Revenue Fund the amount budgeted for transfer into such Fund for the then current month as set forth in the then current Annual Budget or the amount otherwise determined by the Metropolitan Government to be deposited into such Fund for the month.
(b) The Metropolitan Government may, from time to time and upon written direction of an Authorized Finance Officer, withdraw amounts on deposit in the Rate Stabilization Fund and
(i) transfer such amounts to any other Fund or Account established under the Resolution other than the Revenue Fund, (ii) use such amounts to purchase or redeem Bonds and/or Prior Bonds, (iii) use such amounts to otherwise provide for the payment of Bonds and/or Prior Bonds or interest thereon or (iv) use such funds to make any other lawful payments.
Rate Stabilization Fund. The District may at any time create a separate fund to be known as the “Rate Stabilization Fund,”, to be held and maintained by the District. The Rate Stabilization Fund is not pledged to secure payment of the Installment Payments. Amounts in the Rate Stabilization Fund shall be applied solely for the uses and purposes set forth in this subsection (c). The District shall have the right to deposit into the Rate Stabilization Fund from time to time any amount of funds which are legally available therefor; provided that deposits for each Fiscal Year may be made until (but not after) 180 days following the end of such Fiscal Year. For the purpose of computing the amount of Net Revenues for any Fiscal Year for purposes of the preceding subsection (a) or (b), the District shall be permitted to transfer amounts on deposit in the Rate Stabilization Fund for purposes of such computation, such transfers to be made until (but not after) 180 days after the end of such Fiscal Year. In addition, the District shall be permitted to withdraw amounts on deposit in the Rate Stabilization Fund for any other lawful purpose.
Rate Stabilization Fund. The District, for its own account and Pleasanton’s, hereby agrees to maintain a fund to be called the “Rate Stabilization Fund.” The Rate Stabilization Fund shall, except as provided in paragraph (5) below, be maintained by the District, so long as the Bonds are Outstanding, and shall be funded and applied as provided below:
(1) All Regional Capacity Reserve Fees, whether collected by the District or collected by Pleasanton and paid to the District, shall be deposited into the Rate Stabilization Fund.
(2) All amounts in the Rate Stabilization Fund shall be available to pay the following:
(a) Expansion Project Debt Service;
(b) Bond Redemptions;
(c) any capital improvements permitted to be paid for from the Regional Capacity Reserve Fees under the Regional Agreement, as well as any reimbursement of replacement reserves and any funds other than Regional Capacity Reserve Fees which have been deposited therein or which have been advanced by the District or Pleasanton from Regional Service Charges to pay Expansion Project Debt Service; and
(d) any other purpose agreed to between the District and Pleasanton.
(3) The District shall attempt to maintain the Rate Stabilization Fund at the Target Level; provided, that the District shall not be required to fund the Rate Stabilization Fund from revenues derived from Regional Service Charges or Regional Buy-In Capacity Fees assessed on wastewater customers.
(4) Amounts in the Rate Stabilization Fund shall be available to pay the items listed in Section 4.08(2)(a) through (d) above; provided, that draws on the Rate Stabilization Fund shall not cause the funds therein to fall below the Target Level, except as expressly hereinafter provided. In the event draws on the Rate Stabilization Fund would cause the Rate Stabilization Fund balance to fall below the Target Level, such draw shall be limited to pay Expansion Project Debt Service, in an amount equal to the sum of: (i) one-third (1/3) of the lesser of (a) the Target Level, or (b) the amount then on hand in the Rate Stabilization Fund; plus (ii) the amount then on hand in the Rate Stabilization Fund in excess of the Target Level.
(5) The Rate Stabilization Fund may be depleted and closed if: (i) Expansion Project Debt Service is in fact being paid entirely from Regional Service Charges; or (ii) if all scheduled Expansion Project Debt Service has been paid or provided for.
(6) The parties acknowledge and agree that the District can provide no assurances that amounts will b...
