Special Fund. All of the Revenue shall be deposited into the Special Fund. The Revenue accumulated in the Special Fund shall be used and applied on the Business Day prior to each Payment Date (a) to make any payments to the Authority as may be required under the Redevelopment Contract and (b) to pay principal on the Note to the extent of any money then remaining the Special Fund on such Payment Date. Money in the Special Fund shall be used solely for the purposes described in this Section 7.2. All Revenues received through and including December 31, 2035 shall be used solely for the payments required by this Section 7.2.
Special Fund. (a) The Manager shall establish and maintain as trustee for all Owners one Special Fund to provide for expenditure of a capital nature or of a kind not expected by it to be incurred annually including expenses for the renovation, improvement and repair of the Common Parts, the purchase, setting up, replacement, improvement and addition of installations, systems, equipment, tools, plant and machineries for the Common Parts and the costs of relevant investigation works and professional services and the expense of preparing the revised Schedule 9 and/or the revised W&I Maintenance Manual under Clause 14.11 (in this Clause 10.4, the “Non-Recurrent Expenditure”).
(b) Each Owner (except the First Owner) shall, in respect of each Unit which he has the Right to Occupy, pay to the Manager on the date of completion of the purchase of his Unit from the First Owner the Special Fund Initial Contribution in respect of that Unit as an initial payment to the Special Fund, unless the First Owner has already paid the Special Fund Initial Contribution in respect of that Unit under Clause 10.11(b).
(i) If there is an Owners’ Corporation, the Owners’ Corporation shall determine, by a resolution of the Owners, the amount to be contributed to the Special Fund by the Owners in any Financial Year and the time when those contributions shall be payable.
(ii) If there is no Owners’ Corporation, each Owner shall pay to the Manager such amount of further periodic contribution to the Special Fund at such time as determined by a resolution of Owners at an Owners’ meeting convened under this Deed.
(d) All contributions to the Special Fund (including for the avoidance of doubt all Special Fund Initial Contributions) and all other amounts required by this Deed to be credited to the Special Fund shall be non-refundable and non-transferable.
(e) The Manager shall open and maintain at a bank within the meaning of section 2 of the Banking Ordinance (Cap. 155) an interest bearing account. The title of the account shall refer to the Special Fund for the Development and all contributions to the Special Fund (including for the avoidance of doubt all Special Fund Initial Contributions) and all other amounts required by this Deed to be credited to the Special Fund shall be deposited by the Manager into the account. The Manager shall use such account exclusively for the purpose referred to in Clause 10.4(a).
(f) Without prejudice to the generality of Clause 10.4(e), if there is an Owners’ Corporation,...
Special Fund. The District shall pay the cost of the contracted employee assistance program for employees.
Special Fund. (a) The Manager shall establish and maintain as trustee for all Owners one Special Fund to provide for expenditure of a capital nature or of a kind not expected by the Manager to be incurred annually including but not limited to expenses for the renovation, improvement and repair of the Common Parts, the purchase, setting up, replacement, improvement and addition of installations, systems, equipment, tools, plant and machineries for the Common Parts and the costs of relevant investigation works and professional services and the costs and expense of preparing the revised Schedule 9 and/or the revised W&I Maintenance Manual under Clause 14.10(d) (in this Clause 10.4, the “Non-Recurrent Expenditure ”).
(b) Each Owner (except the First Owner) shall, in respect of each Unit which he owns, pay to the Manager on the date of completion of the purchase of his Unit from the First Owner the Special Fund Initial Contribution in respect of that Unit as an initial payment to the Special Fund, unless the First Owner has already paid the Special Fund Initial Contribution in respect of that Unit under Clause 10.11.
(c) (i) If there is an Owners’ Corporation, the Owners’ Corporation shall determine, by a resolution of the Owners, the amount to be contributed to the Special Fund by the Owners in any Financial Year and the time when those contributions shall be payable.
Special Fund. (a) There shall be established and maintained a Special Fund for the purpose of paragraph 4 of Schedule 7 to the Building Management Ordinance (Cap.344). The Special Fund shall comprise the following separate accounts for different component parts of the Common Areas and Facilities:-
(i) A separate account of the Special Fund designated for the Development Common Areas and Facilities which shall be applied towards payment of expenditure of a capital nature or of a kind not expected to be incurred annually relating to the Development Common Areas and Facilities, which includes but is not limited to, expenses for the renovation, improvement and repair of the Development Common Areas and Facilities, the purchase, setting up, replacement, improvement and addition of installations, systems, equipment, tools, plant and machineries for the Development Common Areas and Facilities and the costs of the relevant investigation works and professional services. This part of the Special Fund shall be held by the Manager as trustee for all Owners for the time being and such fund shall not be refundable or transferable.
(ii) A separate account of the Special Fund designated for the Residential Common Areas and Facilities which shall be applied towards payment of expenditure of a capital nature or of a kind not expected to be incurred annually relating to the Residential Common Areas and Facilities, which includes but is not limited to, expenses for the renovation, improvement and repair of the Residential Common Areas and Facilities, the purchase, setting up, replacement, improvement and addition of clubhouse office, installations, systems, equipment, tools, plant and machineries for the Residential Common Areas and Facilities and the costs of the relevant investigation works and professional services. This part of the Special Fund shall be held by the Manager as trustee for the Owners of all Residential Units for the time being and such fund shall not be refundable or transferable.
(iii) A separate account of the Special Fund designated for the Commercial Common Areas and Facilities which shall be applied towards payment of expenditure of a capital nature or of a kind not expected to be incurred annually relating to the Commercial Common Areas and Facilities, which includes but is not limited to, expenses for the renovation, improvement and repair of the Commercial Common Areas and Facilities, the purchase, setting up, replacement, improvement and addition of installation...
Special Fund. 1. A Special Fund to be known as the Shipping Finance Fund is hereby established into which the Corporation shall receive contributions from the Member Countries.
2. Subject to the provisions of paragraph 3 of Article 10 the Special Fund shall be used to make provision for the deficit of the Corporation as shown on the income statement.
3. Contributions to the Special Fund shall be made by the Member Countries in the proportion that their subscribed share capital bears to the total subscribed share capital.
Special Fund. A sum of $2,000 will be made available during any given school year to reimburse any Bargaining Unit member for costs of repairing or replacing dentures, eyeglasses, hearing aids or similar bodily appurtenances which are damaged or destroyed while performing his/her duties. A minimum claim of $25 is required to qualify for consideration of reimbursement. A trustee representing the Capital Region BOCES Faculty Association and a trustee representing the Administration will act on all claims. Their decision will be final and may not be carried through the grievance procedure.
Special Fund. All loans and any grants which cannot be channeled through the NERF for the specific purpose of RRRD will be received into the Special Fund. As in the case of other Funds, the ISGA shall control the Special Fund.
Special Fund. FURA has established a Special Fund to pay the Eligible Costs and otherwise provide funding for the Urban Renewal Project.
Special Fund. MERA shall place the Special Tax Revenues in a special fund to be used solely for the purposes authorized by Measure A. Such purposes include, but are not limited to: (i) paying the costs related to planning, designing, constructing, acquiring, environmental evaluations for, and financing the Next Gen System, (ii) paying the costs related to establishing, determining the amount of, and collecting the Special Tax and (iii) any costs related to implementation of Measure A, as specified in Section V, below.
