Bond Reserves definition

Bond Reserves means reserves established by the Bond Documents for the Authority Bonds to secure timely payment of amounts due on the Authority Bonds even if one or more local borrowers do not make timely payments on their loans.
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Bond Reserves means all funds (including, but not limited to, debt service reserve funds) held or otherwise required to be maintained under the Bond Documents.
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Bond Reserves. The following escrow or reserve accounts with respect to the Bonds, as provided for by the Bond Documents:
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Examples of Bond Reserves in a sentence

  • The Rate Stabilization Fund has three components: Rate Stabilization Fund – Bond Reserves - These reserves can only be applied to scheduled annual debt payments in the event cash flow in any given year is insufficient to make those payments.District policy prohibits using these funds when calculating debt coverage for budgeting purposes.

  • Note that si(r(γ')) can never be 2, a fact which is used liberally in the proofs of Lemmas 2.3 and 2.4. Of course, f (n, k) is equal to the sum of C(r) over all sequences r satisfying 0 = r0 < r1 < · · · < rk < rk+1 = n + 1.

  • Interest payments due on the Bonds and payments due on the Equity Reserve Fund that is part of the Bond Reserves for the period in which the Closing Date falls shall be prorated as of the Closing.

  • The payment of the Seller's Funds to Seller, to the extent that Buyer receives the September, 1998 distribution from the Bond Reserves accounts in accordance with the Bond Documents, shall be treated for purposes of this Agreement as a reimbursement of Seller by Buyer pursuant to Section 13.14 hereof.

  • The balances of the Landscape Bond Reserves, shall be reported to the General Manager quarterly.

  • Staff recommends motion to approve: a budget transfer of $145,282 within the 2003$25 Million General Obligation Parks and Culture Improvement Fund Bond Reserves to the Lake Ida East Park Improvements project.

  • Bond Reserves: To earn a commensurate rate of return over market cycles while ensuring compliance with theDistrict’s indentured funds.

  • Fund Source: 55% Non-Budgeted (Revenue Bond Proceeds)45% Special (General Bond Reserves) Approp.

  • On the Closing Date, the balance of the FF&E Reserve shall not be less than $1,375,000.00 and the balance of the Debt Service Reserve Fund, which is part of the Bond Reserves, shall not be less than $4,000,000.00.

  • TRANSPORTATION INFRASTRUCTURE BONDS; APPROPRIATIONThe amount of up to $13,500,000.00 from the issuance of transportation infrastructure bonds is appropriated in fiscal year 2011 to the agency of transportation program development appropriation (8100001100) for use on eligible projects as defined in 32 V.S.A. § 972(c) in the state’s fiscal year 2011 transportation program.* * * Transportation Infrastructure Bond Reserves * * *Sec.

Related to Bond Reserves

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Reserve Zone means any of those geographic areas consisting of a combination of one or more Control Zone(s), as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Bond Proceeds means the proceeds from the sale of bonds, notes, and other obligations issued by a district, and reserves and funds maintained by a district for debt service purposes.

  • Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied