Examples of Bond Reserve Account in a sentence

The moneys in the Bond and Interest Redemption Account and the Bond Reserve Account shall be invested in accordance with Section 13 of this Ordinance, and profit realized or income earned on such investment shall be used or transferred as provided in Section 13 of this Ordinance.
Except as hereinafter provided, all amounts paid and credited to the Bond Reserve Account shall be expended and used by the Issuer solely to prevent any default in the payment of interest on or principal of the Parity Bonds on any Maturity date or Interest Payment Date if the moneys in the respective Principal and Interest Subaccounts are insufficient to pay the Debt Service Requirements of said Parity Bonds as they become due.
With respect to the public hearing list of parcels, Ms. Kvilvang explained that this was a statutory technicality to prove the City’s portion of taxes would cover the annual principal payment on the bonds and that it was a requirement to list specific properties which taxes will be bated from.
Except as hereinafter provided, no further deposits shall be made into the Bond and Interest Redemption Account (excluding the Bond Reserve Account) once the aforesaid sums have been deposited therein.
The Bond Reserve Account will be funded in an amount equal to the highest annual future debt service requirement.

More Definitions of Bond Reserve Account

Bond Reserve Account means the fund of such name as established pursuant to Ordinance 319.

Bond Reserve Account means the Bond Reserve Account for the Series 2020-A Bonds created by Section 501 hereof.

Bond Reserve Account means the Bond Reserve Account established pursuant to Section 18(B) of this Bond Resolution.

Bond Reserve Account means the Bond Reserve Account of the Redemption Account established pursuant to Section 12(B) of this Ordinance.

Bond Reserve Account means the Bond Reserve Account for the Series 2014-A

Bond Reserve Account has the meaning provided in Section 14(i)(ii)(B) (Affirmative Covenants – Establishment and Ratification of Funds and Accounts).

Bond Reserve Account means a reserve account established pursuant to the Bond Agreements consisting of either the proceeds from the sale and issuance of the Bonds or unencumbered moneys in the County's CID Sales Tax Fund in an amount not less than forty thousand dollars ($40,000).