VRF General Fund Sample Clauses

VRF General Fund. All of such Funds shall be established with, held and maintained by the Trustee. Amounts held at any time by the Trustee in any of the Funds and Accounts established and created pursuant to this Section (other than the VRF General Fund and the Rebate Fund, which shall be held outside the Indenture) shall be held in trust for the Owners separate and apart from all other funds of the Trustee and shall be disbursed, allocated and applied solely for the purposes and in the manner provided herein and the applicable Supplemental Indenture. The Rebate Fund and the VRF General Fund shall be held by the Trustee free and clear of any lien created by the Indenture. The Authority reserves the right to establish, pursuant to a Supplemental Indenture, one or more additional Funds or accounts for such purposes as the Authority may determine from time to time for all purposes authorized under this Indenture.
Sample 1
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VRF General Fund. The VRF General Fund shall be held by the Trustee in the name of the Authority outside of the Indenture and is not part of the Trust Estate. All funds in the VRF General Fund may be applied by direction of the Authority in a Letter of Instructions for any lawful purpose in accordance with the Authorizing Law and the Pledge Agreement and may be transferred to such other Funds and Accounts of the Authority (including Accounts not held by the Trustee) as the Authority instructs; provided however, subject to Sections 4.02(b)(A) through (H), the Authority covenants that amounts on deposit in the VRF General Fund shall be used first, (a) to the extent necessary in any fiscal year, for the payment of Debt Service on any Senior Lien Parity Bonds to the extent sufficient money for such payment is not on deposit in the Debt Service Fund on any Interest Payment Date, and to fund any deficiency of any Senior Reserve Account in the Senior Lien Debt Service Reserve Fund or any reimbursement obligations owed in connection with a Reserve Fund Surety Policy; second, (b) to remedy any deficiency in the deposits set in Sections 4.02(b)(A) through (G) above; and third,
Sample 1

Related to VRF General Fund

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  • General Provisions In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

  • Definitions As used in this Agreement:

  • Liability 1. The parties agree that any data subject, who has suffered damage as a result of any breach of the obligations referred to in Clause 3 or in Clause 11 by any party or subprocessor is entitled to receive compensation from the data exporter for the damage suffered.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • WITNESSETH That in consideration of the mutual covenants and agreements hereinafter contained, the parties hereto agree as follows:

  • Definition The following definition applies in addition to the definitions in Chapter 287, Florida Statutes (F.S.), and Rule Chapter 60A-1, Florida Administrative Code (F.A.C.):

  • Scope of Services The specific scope of work for each job shall be determined in advance and in writing between TIPS Member, Member’s design professionals and Vendor. It is permitted for the TIPS Member to provide a general scope description, but the awarded vendor should provide a written scope of work, and if applicable, according to the TIPS Member’s design Professional as part of the proposal. Once the scope of the job is agreed to, the TIPS Member will issue a PO and/or an Agreement or Contract with the Job Order Contract Proposal referenced or as an attachment along with bond and any other special provisions agreed by the TIPS Member. If special terms and conditions other than those covered within this solicitation and awarded Agreements are required, they will be attached to the PO and/or an Agreement or Contract and shall take precedence over those in this base TIPS Vendor Agreement.

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

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