Annual Operating Fund Deposit definition

Annual Operating Fund Deposit means (a) for the Fiscal Year ending December 31, 2021, the sum of $10,000 and (b) for each subsequent Fiscal Year, an amount equal to 102% of the then-prior Fiscal Year’s Annual Operating Fund Deposit.

Annual Operating Fund Deposit means for each fiscal year of the District an amount not to exceed $12,000 plus a percentage increase equal to the average percentage increase in the Consumer Price Index (as computed by the United States Department of Labor’s Bureau of Labor Statistics), for the preceding fiscal year.

Annual Operating Fund Deposit means $20,000 of CID Revenues deposited into the Operating Fund (as defined in the Indenture) in each Fiscal Year starting in January 2007, and such amount increased each January 1st beginning January 1, 2008, in an amount equal to the percentage increase in consumer price index for the preceding calendar year.

Examples of Annual Operating Fund Deposit in a sentence

• The District Annual Operating Fund Deposit shall equal $12,000 per year for the first year following execution of this Agreement and shall be increased by 2.5% for each subsequent year.

• Upon the issuance of District Obligations, the District shall, subject to annual appropriation, pledge all District Revenues on deposit in the Trust Fund (less the Annual Operating Fund Deposit) to the payment of debt service on the District Obligations and costs related to the District Obligations in accordance with this Agreement and any resolution adopted by the Board of Directors approving the issuance of the District Obligations.

• The expected Operating Costs shall be included in the District’s annual budget, as provided in Section 4.8 of this Agreement, but shall not exceed the Annual Operating Fund Deposit.

• In other words, the main advantage of EC ux measurements is the better temporal coverage of dynamic processes that show diel, weekly, and interannual variations as compared to random sampling with low numbers of samples.

• Pursuant to Section 402(a) of the Trust Indenture, an amount equal to the TDD’s Administrative expenses in excess of the Annual Operating Fund Deposit may be made from the Revenue Fund.

• According to the trustee, the Annual Operating Fund Deposit for 2018 is equal to $40,255.

• As provided in Section 5.2 of the Redevelopment Agreement, monies from the District Revenues Account will be used to pay a District Annual Operating Fund Deposit to the District.

• Subtracting the Annual Operating Fund Deposit from the estimated legal and Administrative expenses of $74,660, results in estimated legal and Administrative expenses of $34,406 ($74,660 − $40,255 = $34,406).

• The expected Operating Costs shall be included in the District's annual budget, as provided in Section 4.8 of this Agreement, but shall not exceed the Annual Operating Fund Deposit.

• Pursuant to Section 101 of the Trust Indenture, the Annual Operating Fund Deposit is defined as the amount of $30,000 in calendar year 2003, which is to be increased each future year by the percentage increase in the consumer price index for the preceding calendar year.

More Definitions of Annual Operating Fund Deposit

Annual Operating Fund Deposit means (a) for the fiscal year ending December 31, 2015, an amount not to exceed $20,000; and (b) for each fiscal year of the District thereafter, an amount not to exceed the amount for the immediately preceding fiscal year plus two percent (2%).

Annual Operating Fund Deposit means (a) for the fiscal year ending December 31 , 20 1 2, an amount not to exceed $25,000, and (b) for each fiscal year of the District thereafter, an amount not to exceed $25,000, plus an annual increase of three percent (3%).