REIMBURSEMENT ACCOUNT. 21.1 Section 125 of the Internal Revenue Code permits employees to use pre-tax dollars to pay for their portion of the cost of benefits under the Plan through salary redirection arrangements. The options available under the flexible benefits program are listed below. This is a brief overview of the different options. For complete information regarding Flexible Spending Accounts, employees must refer to the plan booklet available in the Human Resources Department.
REIMBURSEMENT ACCOUNT. 1. The Fire Association and the City agree to participate in the reimbursement portion of the Section 125 plan. The members of this Unit may elect, by payroll deduction, pre-tax salary to be set aside in the Medical Reimbursement Account and/or the Dependent Care Reimbursement Account. Pre-Tax health insurance premium payments will be established by negative declaration effective January 1, 1993.
REIMBURSEMENT ACCOUNT. At any time after any Commercial Paper matures and a disbursement is to be made under the Letter of Credit in connection therewith, prior to any subsequent issuances of Commercial Paper, the Company shall deposit in the Reimbursement Account (as defined in the Issuing and Paying Agency and Depositary Agreement) an amount, to be applied to the reimbursement of such disbursement or any related Loan, equal to the amount by which the Face Amount of such Commercial Paper exceeds the proceeds of such Commercial Paper to be deposited in the Reimbursement Account.
REIMBURSEMENT ACCOUNT. The Superintendent shall be reimbursed up to Four Hundred Fifty Dollars ($450.00) per year for the term of the Contract to be applied to: any uncovered medical service(s) provided by a health care practitioner. Reimbursement requires submission of proof of payment of the services or costs to the Business Office. This benefit is an annual amount and is not cumulative.
REIMBURSEMENT ACCOUNT. The Town shall deposit the Construction Sales Tax Revenues into the Reimbursement Account as they are received from the Arizona Department of Revenue, beginning with the first such revenues generated from the Development and ending upon the expiration of this Agreement. Funds in the Reimbursement Account shall be reimbursed to the Owner pursuant to paragraph 11 below.
REIMBURSEMENT ACCOUNT. The Trustee will establish and maintain the Reimbursement Account as a segregated trust account that is an Eligible Account entitled "[name of Trustee], as trustee under the Series 1998-C Pooling and Servicing Agreement dated September 1, 1998, between Aames Capital Corporation and Bankers Trust Company, as amended, Reimbursement Account." All amounts held in the Reimbursement Account shall be invested by the depository institution or trust company then maintaining the account at the written direction of the Servicer in Permitted Investments that mature not later than the Distribution Date next succeeding the date of investment. All net income and gain realized from any such investment shall be considered Additional Funds. Any losses realized in connection with any such investment shall be for the account of the Servicer and the Servicer shall deposit or cause to be deposited the amount of such loss (to the extent not offset by income from other investments) in the Reimbursement Account immediately upon the realization of such loss.
REIMBURSEMENT ACCOUNT. The Borrowers shall cause the Tranche A SPE to (i) comply with the provisions in Section 2.10(e) hereof and (ii) execute and deliver and cause JPMorgan Chase Bank (or such other financial institution at which the Reimbursement Account is established) to execute and deliver to the Tranche B Agent a control agreement, in form and substance reasonably satisfactory to the Tranche B Agent, duly executed by the Tranche A SPE and such financial institution, or enter into other arrangements in form and substance satisfactory to the Agent, pursuant to which such institution shall irrevocably agree, inter alia, that (a) it will comply at any time with the instructions originated by the Tranche B Agent to such bank or financial institution directing the disposition of cash, securities, Investment Property and other items from time to time credited to such account, without further consent of the Tranche A SPE, which instructions the Tranche B Agent will not give to such bank or other financial institution in the absence of a continuing event of default under the Tranche B Agreements, (b) all cash, securities, Investment Property and other items of the Tranche A SPE deposited with such institution shall be subject to a perfected, first priority security interest, pari passu, in favor of (x) the Agent on behalf of the Tranche A Secured Parties and (y) the Tranche B Indenture Trustee on behalf of the Tranche B Secured Parties, (c) any right of set off, banker’s lien or other similar Lien shall be fully waived as against the Agent, and (d) upon receipt of written notice from the Tranche B Agent during the continuance of an event of default under the Tranche B Agreements, such bank or financial institution shall immediately send to the Agent by wire transfer (to such account as the Tranche B Agent shall specify, or in such other manner as the Tranche B Agent shall direct) all such cash, the value of any securities, Investment Property and other items held by it.
REIMBURSEMENT ACCOUNT. (i) Within three (3) days of the Tranche 1 Closing Date, the Company shall deposit $2,000,000 from the Tranche 1 Closing Payment into an account (the “Expense Reimbursement Account”) at a bank to be mutually agreed upon by the Company and Purchaser. Purchaser and the Company shall jointly hold such account pursuant to an expense reimbursement agreement (the “Expense Reimbursement Agreement”), substantially in accordance with the terms and conditions attached hereto as Exhibit D, to be entered into at the Tranche 1 Closing between Purchaser and the Company. Under the Expense Reimbursement Agreement, funds will be released to Purchaser, the Company or third parties to reimburse such parties for reasonable expenses incurred in connection with the procurement of the Loan under Section 6.4(a) and other mutually agreed upon joint opportunity evaluations and transactions (such expenses, collectively, the “Loan Procurement Expenses”).
(ii) On the Tranche 2 Closing Date, the Company shall deposit $1,000,000 from the Tranche 2 Closing Payment into the Expense Reimbursement Account.”
REIMBURSEMENT ACCOUNT. The Business Administrator shall be reimbursed up to $400 per year for the term of the contract to be applied to: any uncovered medical service(s) provided by a health care practitioner. Reimbursement requires submission of proof of payment of the services or costs to the Business Office. This benefit is an annual amount and is not cumulative.
REIMBURSEMENT ACCOUNT. Beginning with the first Construction Sales Tax Revenues gener- ated from the Marana TI Improvements, the Adonis Improvements, and the development of the Subject Property; subject to the limitations of paragraph 10 below; and ending upon the expiration of this Agreement; the Town shall deposit into the Reimbursement Account all of the following:
a. The Construction Sales Tax Revenues as they are received from the Arizona Department of Revenue; and
b. The Proportionate DIF Collections as they are received from all payers of the Northwest Marana Roadway Development Impact Fee.