Closure Fund definition

Closure Fund means a fund of money held by Trustee Co. for future reclamation and restoration of the Lands and to be transferred by the Commission to Trustee Co. and to be invested, managed and administered by Trustee Co. in accordance with the terms of the Trust Deed Agreement;
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Closure Fund means a fund of money held by the Vendor for future reclamation and restoration of the Lands, such fund to be transferred by the Vendor to Trustee Co. to be invested, managed and administered by Trustee Co.; (f) “Effective Date” means the 1st day of September, 2020, or such other date that the Parties may agree;
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Closure Fund has the meaning as ascribed to the term "Closure Fund" in the Operating Agreement;
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Examples of Closure Fund in a sentence

  • In the event that the amount in the Closure Fund is not sufficient to finance complete closure, the facility is responsible for the full cost to complete closure.

  • A Closure Fund or Closure Bond shall be established to ensure proper closure of the facility.

  • Each facility must submit to the Department on a quarterly basis a statement generated from the financial institution representing the amount held in the Closure Fund.

  • In certain cases, using its expert judgment and, to the extent possible, relevant historical experience, the Bank can determine that the credit risk of an exposure has increased significantly, based on qualitative indicators which it considers indicative of this increase, the effect of which would not be fully reflected otherwise through a timely quantitative analysis.

  • Whether the claimant has applied for financial assistance or a grant from the Hazardous Discharge Site Remediation Fund established pursuant to N.J.S.A. 58:10B-4 or the Petroleum Underground Storage Tank Remediation, Upgrade and Closure Fund, N.J.S.A. 58:10A-37.3.

  • Interest is payable annually at rates equivalent to those earned by the Closure Fund trust accounts.

  • No facility shall have the right to withdraw, pledge, mortgage, assign, transfer, encumber or otherwise alienate funds from the Closure Fund without the prior written approval of the Department.

  • Premises required to close by law will be entitled to a Business Temporary Closure Fund grant of: £2, 000 if their premises have a rateable value of up to and including £51,000; or £3,000 if their premises have a rateable value of £51,001 or above.

  • Solid Waste Post Closure Fund - The primary purpose of this fund is to account for the expenditures related to post closure of the landfill.

  • Solid Waste Closure Fund - The primary purpose of this fund is to account for the expenditures related to closure of the landfill.


More Definitions of Closure Fund

Closure Fund means funds to be used for actions to prevent or minimize the threat to public health and the environment posed by a closed facility including removing contaminated equipment, removing liners, applying final cover, grading and seeding final cover, installing monitoring devices, constructing ground water and surface water diversion structures, and installing gas control systems, as necessary.
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Closure Fund or "Remediation Fund" means that fund for the remediation obligations of the Commission, the General Corporate Partner and/or the Limited Partnership, including any remediation obligations related to any landfill(s) owned or operated by the Commission, the Corporate General Partner and/or the Limited Partnership from time-to-time, which Landfill Closure Fund shall be held by the Landfill Closure Entity pursuant to the Landfill Closure Trust Deed;
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Closure Fund means, with respect to any Party, an account funded by that Party and maintained by Operator on and after January 1, 2006 to fund that Party's Closure Cost Share.
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Related to Closure Fund

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Guaranty fund means the fund established by a local entity under Section 11-42-701.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Single member limited liability company means a limited liability company that has one direct member.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Public fund means the state treasurer or a retirement system.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Solar renewable energy certificate or "SREC" means a

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Fresh Funds means funds that:

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • Limited Liability Company Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest.

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended;

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Tree means any object of natural growth.