Examples of CFD Administrator in a sentence
Whenever, on the Business Day prior to any Interest Payment Date, or on any other date at the request of the CFD Administrator, the amount in the Reserve Fund exceeds the Reserve Requirement, the Trustee shall provide written notice to the CFD Administrator of the amount of the excess and shall transfer an amount equal to the excess from the Reserve Fund to the Bond Fund to be used for the payment of interest on the Bonds on the next Interest Payment Date in accordance with Section 4.05.
Notwithstanding the foregoing, any Special Tax Revenues constituting payment of the portion of the Special Tax levy for Administrative Expenses, as identified by the CFD Administrator to the Trustee, shall be deposited by the Trustee in the Administrative Expense Fund.
Upon the completion of the computation of the amounts of the levy, the CFD Administrator shall prepare or cause to be prepared, and shall transmit to the Tax Collector, such data as the Tax Collector requires to include the levy of the Special Taxes on the next real property tax roll.
Upon receipt of such notice, the CFD Administrator shall communicate with the Tax Collector to ascertain the relevant parcels on which the Special Taxes are to be levied.
Moneys in any fund or account created or established by this Indenture and held by the CFD Administrator shall be invested by the CFD Administrator in any lawful investment for City funds or in any Permitted Investment, which in any event by its terms matures prior to the date on which such moneys are required to be paid out hereunder.