Bond Redemption and Improvement Account definition

Bond Redemption and Improvement Account means an account established by City pursuant to this Agreement to provide for the purposes specified in Article 5 herein. The Bond Redemption and Improvement Account will be maintained from the sources and according to the schedule set forth in Article 5.
Sample 1Sample 2Sample 3
Bond Redemption and Improvement Account means an account established by City pursuant to this Rates and Charges Regulation to provide for the purposes specified in Article 5 herein.
Sample 1Sample 2Sample 3

Examples of Bond Redemption and Improvement Account in a sentence

  • In accordance with the provisions of the General Ordinance and the Airline Agreement, amounts on deposit in the Bond Redemption and Improvement Account are available for use by the City for the payment of deficiencies with respect to the Debt Service Requirements and the Sinking Fund Reserve Requirement, as provided under the General Ordinance.

  • At the termination of the Airline Agreement, it is the City’s intention to retain the balance in the Bond Redemption and Improvement Account in an Airport related account with substantially the same purpose.

  • In accordance with the provisions of the General Ordinance and the Airline Agreement, the balance of moneys on deposit in the Bond Redemption and Improvement Account shall equal the “Bond Redemption and Improvement Requirement.” The Bond Redemption and Improvement Requirement shall mean an amount not to exceed the lesser of (1) the amount of Debt Service Reserve Surety Bonds fulfilling the City’s Sinking Fund Reserve requirements, or (2) twenty-five percent (25%) of the Debt Service Requirement.

  • At the termination of this Agreement, it is City’s intention to retain the balance in the Bond Redemption and Improvement Account in an Airport related account with substantially the same purpose.

  • City hereby provides its written direction pursuant to Section 4.06 of the Bond Ordinance that the Bond Redemption and Improvement Account may be funded with amounts remaining, if any, following any and all transfers required by Section 4.06 of the Bond Ordinance.

  • Any balance in the Bond Redemption and Improvement Account is available for use by City for the payment of deficiencies with respect to the Debt Service Requirements or deficiencies with respect to the Sinking Fund Reserve Requirement as provided under the Bond Ordinance.

  • Fund requirements, as specified in the Airline Agreement, include those amounts required to maintain balances in the Bond Redemption and Improvement Account and O&M (operating and maintenance) Account.For use of the international terminal facilities, the City collects from the airlines Federal Inspection Services (FIS) Area charges, departure and arrival gate use fees, and space rentals for leased areas (collectively, International Common Use Area Fees).

Related to Bond Redemption and Improvement Account

  • Tax Redemption Date means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed for such Tax Redemption pursuant to this Indenture.

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.