Capital Construction Fund definition
Examples of Capital Construction Fund in a sentence
If the Company has established a Capital Construction Fund (CCF), pur- suant to section 607 of the Act, whether interim or permanent, at any time when a deposit would otherwise be re- quired to be made into the Title XI Re- serve Fund, and the Company elects to make such deposits to the CCF, the Company must enter into an agree- ment, satisfactory to us, providing that all such deposits of assets therein will be security (CCF Security Amount) to the United States in lieu of the Title XI Reserve Fund.
The data will primarily be used for the evaluation of eligibility in connection with application to establish a Capital Construction Fund Account.
No Company has made any deposit to a Capital Construction Fund in respect of any fiscal period subsequent to its most recently completed fiscal year (April 30, 2000 in the case of G&B, September 30, 2000 in the case of Gilco, March 31, 2000 in the case of GCB and December 31, 2000 in the case of C&C).
Notwithstanding the foregoing, amounts in the Capital Construction Fund may be invested only as provided in subsection (d) above.
The Reserve Fund Net Income Deposit requirements of the Chapter 537 Reserve Fund and of this Agreement will be deemed satisfied by deposits of equal amounts in the Capital Construction Fund, and withdrawal of the CCF Security Amount will be subject to the Administrator’s prior consent.
None of the Non-Hawaii Vessels is subject to any restriction of the Capital Construction Fund program established under Chapter 535 of Title 46 of the United States Code (or its predecessor).
Neither the Company nor any of its Subsidiaries maintains, has maintained or has applied for a Capital Reserve Fund or a Capital Construction Fund pursuant to Chapter 533 or Chapter 535 of Title 46 of the United States Code, respectively.
Purpose: In order to determine qualification for, and to administer, the Capital Construction Fund, the NOAA National Marine Fisheries Service (NMFS) requires financial information, vessel owner contact information, date of birth, Tax Identifying Number and vessel descriptive information.
The parties acknowledge that said contribution (other than cash) has been previously purchased with Capital Construction Fund monies, and STL hereby agrees to pay all penalties and interest required for the ultimate repayment of such monies and to hold the Limited Partners harmless for such repayment, penalties and interest.
No Vessel is subject to any restriction under Title V or Title XI of the Merchant Marine Act of 1936 or with respect to any Capital Construction Fund Agreement with MARAD.