SUBFUNDS, ACCOUNTS AND SUBACCOUNTS Sample Clauses

SUBFUNDS, ACCOUNTS AND SUBACCOUNTS. Section 3.01 Creation of Subfunds, Accounts and Subaccounts 17 Section 3.02 Pledged Revenues Account 18 Section 3.03 Construction Account 22 Section 3.04 Debt Service Accounts 24 Section 3.05 Capitalized Interest Accounts 28 Section 3.06 Debt Service Reserve Accounts 29 Section 3.07 Rebate Account 30 Section 3.08 Project O&M Account 31 Section 3.09 Project O&M Reserve Account 31 Section 3.10 Ramp Up Reserve Account 32 Section 3.11 Project Renewal and Replacement Account 33 Section 3.12 Project Renewal and Replacement Reserve Account 33 Section 3.13 TIFIA Loans Prepayment Account 35 Section 3.14 Surplus Account 35 Section 3.15 Investment of Moneys 36 ARTICLE IV REPRESENTATIONS AND COVENANTS OF TRANSPORTATION ENTERPRISE Section 4.01 Representations 37 Section 4.02 Coverage Test 37 Section 4.03 Operation and Maintenance of Project 39 Section 4.04 Limitation on Project O&M Expenses 39 Section 4.05 Sale or Transfer of Pledged Revenues 40 Section 4.06 Annual Engineer’s Report 40 Section 4.07 Qualification as Government-Owned Business within CDOT and as an Enterprise 40 Section 4.08 Tax Covenant 40 Section 4.09 Credit Facilities and Hedge Facilities 41 Section 4.10 Annual Project Budget 41 Section 4.11 Accounts and Reports 42 Section 4.12 Funding TIFIA Loans Debt Service Reserve Account 42 Section 4.13 Payment of Lawful Claims 42 Section 4.14 Compliance with Law 42 Section 4.15 Defense of Trust Estate 42 Section 4.16 Continuing Disclosure 43 Section 4.17 State and Local Funds 43 Section 4.18 Insurance 43 Section 4.19 Events of Loss; Loss Proceeds 43 Section 4.20 CDOT O&M Loans 44 Section 4.21 Tolling Agreement 44 Section 4.22 Direct Agreement 45 ARTICLE V INDENTURE EVENTS OF DEFAULT AND REMEDIES Section 5.01 Indenture Event of Default 45 Section 5.02 Remedies Following an Indenture Event of Default 46 Section 5.03 Use of Moneys Received from Exercise of Remedies 47 Section 5.04 Owners of Majority of Bond Ownership Rights and the TIFIA Lender May Control Proceedings 49 Section 5.05 Limitations on Rights of Owners Acting Individually 50 Section 5.06 Trustee May Enforce Rights Without Bonds 50 Section 5.07 Trustee to File Proofs of Claim in Receivership, Etc. 50 Section 5.08 Delay or Omission No Waiver 50 Section 5.09 Discontinuance of Proceedings on Indenture Event of Default; Position of Parties Restored 51 Section 5.10 Waivers of Indenture Events of Default 51
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Related to SUBFUNDS, ACCOUNTS AND SUBACCOUNTS

  • PJM E-Accounts Buyer and Seller shall work with PJM to establish any PJM E-Accounts necessary for Seller to provide Full Requirements Service. In a timely manner, Xxxxx shall establish PJM E-Account contract(s) for the entire duration of the Transaction(s) and Seller shall confirm the PJM E-Account contract(s) for the entire duration of the Transaction(s).

  • Withdrawals from Accounts Amounts credited to the Certificate Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account in any month following distribution of the Lower Tier Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

  • Business Accounts If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to: • enter into this Agreement, as amended from time to time; • access each account of yours in any manner and for any purpose available through the Service, whether now available or available at some time in the future; and • use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Dormant Accounts If you have not made a withdrawal from, or a deposit to, your Account for an extended period of time and we have been unable to contact you, your Account may be classified by us as dormant. Subject to applicable law, we may charge a dormant account fee on the Account, and the Account will be presumed to be abandoned. In accordance with state law, funds in abandoned accounts will be remitted to the custody of the applicable state agency, and we will have no further liability to you for such funds. We reserve the right not to send statements on accounts we consider dormant, subject to applicable law. ACCOUNT STATEMENTS. You are responsible for promptly examining your statement each statement period and reporting any irregularities to us. Each account statement will be considered to correctly reflect your transactions, such as deposits, withdrawals, credits, refunds, imposition of fees, interest or dividends, and other additions and subtractions to your Account, unless you notify us in writing within certain time limits after the statement that incorrectly reflects your transactions is made available to you. We will not be liable for any check that is altered or any signature that is forged unless you notify us within Thirty (30) calendar days after the statement and the altered or forged item(s) are made available. Also, we will not be liable for any subsequent items paid, in good faith, containing an unauthorized signature or alteration by the same wrongdoer unless you notify us within Ten (10) calendar days after the statement and first altered or forged items were made available. You must report any other Account problem including encoding errors, and errors involving additions or subtractions (debits and credits) not otherwise covered herein, including electronic transactions not covered by the Electronic Fund Transfer Act, within Thirty (30) calendar days. If the suspected account problem involves a substitute check that you receive, you may (under some circumstances) be entitled to make a claim for an expedited refund. Such a claim may be subject to different notification timeframes. See the Substitute Check Policy Disclosure (if applicable) for further information. If you have requested us to hold your Account statements, we have the right to mail your statements if you have not claimed them within Thirty (30) calendar days. If we truncate your checks, you understand that your original checks will not be returned to you with your statement. You agree that our retention of checks does not alter or waive your responsibility to examine your statements or change the time limits for notifying us of any errors.

  • Special Accounts 1. For the purposes of this Schedule:

  • MEMBER'S ACCOUNTS The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Checking Accounts The Credit Union may refuse any check or other item drawn against your account or used to withdraw funds from your account if it is not on a form approved by us. We also reserve the right to refuse any check or other item drawn against your account or used to withdraw funds from your account if made in a manner not specifically authorized for your account, if made more frequently or in a greater number than specifically permitted for your account, or if made in an amount less than the minimum withdrawal or transfer specifically permitted for your account. If we accept a check or other item not on a form approved by us, you will be responsible for any loss by us in handling the item. We may pay checks or other items drawn upon your account in any order determined by us, even if paying a particular check or item results in an insufficient balance in your account to pay one or more other items that otherwise could have been paid out of your account. Because of the nature of the Credit Union check program, neither the Credit Union nor any other processing entities shall be responsible for the authenticity of the checks with regard to the signature or alterations; and checks, when presented, shall be paid without verification. We may disregard all information on or any writing or memorandum attached to any check or item except for your signature, the amount and the information that is magnetically encoded. You agree that we do not fail to use ordinary care because our procedures do not provide for sight examination. You will notify us immediately if you learn or have reason to know that any of your checks have been lost or stolen. If you are negligent in safeguarding your checks or if there is a processing problem due to your use of a check printer we do not approve, we will not have any liability or responsibility for any losses you incur as a result if we act in good faith pursuant to standard commercial practices.

  • Joint Accounts If any of your accounts accessed under this Agreement are joint accounts, all joint owners, including any authorized users, shall be bound by this Agreement and, alone and together, shall be responsible for all EFT transactions to or from any share and share draft or loan accounts as provided in this Agreement. Each joint account owner, without the consent of any other account owner, may, and is hereby authorized by every other joint account owner, make any transaction permitted under this Agreement. Each joint account owner is authorized to act for the other account owners, and the Credit Union may accept orders and instructions regarding any EFT transaction on any account from any joint account owner.

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