Common Reserve Account definition

Common Reserve Account means the Account of that name established by Section 5.0l(a)(viii) in the Debt Service Reserve Fund to secure the Common Reserve Bonds.

Common Reserve Account means an account to serve as a common reserve for all Common Reserve Bonds, created and maintained within the Utility System Bond Fund for the purpose of securing Future Parity Obligations that are designated as Common Reserve Bonds. The Common Reserve Account is a Parity Reserve Account.

Common Reserve Account means the Reserve Account in the Bond Fund created pursuant to Resolution No. 2006-03 of Cascade, renamed the 2006 Reserve Account in Section 13 of Resolution No. 2009-11 and renamed the Common Reserve Account in Section 13 of this resolution.

Examples of Common Reserve Account in a sentence

• These costs include (i) AMP’s costs of acquisition of its Ownership Interest and its share of the cost of construction of the PSEC, including an allowance for contingencies, (ii) capitalized interest during and after the scheduled in service dates of the two PSEC Units, (iii) costs of issuance associated with both the interim and long-term financing for the Project and (iv) deposits to the Parity Common Reserve Account for the Bonds issued to permanently finance the Project.

• The bonds will finance final completion costs and also reimbursement to the AMP credit line, which provided interim financing for costs related to the construction of the three run-of the-river hydroelectric facilities (8 units) along the Ohio River, fund a deposit to the Parity Common Reserve Account, deposit to Escrow Account and pay the cost of issuance of the Series 2016A.

• The Series 2021B Bonds shall be issued as a Series of Bonds pursuant to Articles II and IX of the Master Indenture in the aggregate principal amount of $ to provide funds to (i) pay termination payments with respect to Hedge Facilities relating to certain of the Refunded Bonds, (ii) fund a deposit to the Common Reserve Account, and (iii) pay costs of issuing the Series 2021B Bonds.

• The proceeds of which were utilized to make a deposit to the Construction Account to retire balances held for the costs and expenses associated with the Project on AMP’s line of credit, fund a deposit to the Parity Common Reserve Account and pay the cost of issuance of the Series 2016A.

• The proceeds of the sale of the 2012 Bonds remaining after the deposit of any proceeds into the Common Reserve Account (as determined by the Designated Representative) shall be deposited into the 2012 Construction Account to be used for the purpose of paying part of the cost of carrying out certain of the capital projects described in the Transmission and Supply Plan and the costs of issuing and selling the 2012 Bonds.

More Definitions of Common Reserve Account

Common Reserve Account means the Account of that name established by Article V hereof in the Debt Service Reserve Fund to secure the Common Reserve Bonds.

Common Reserve Account means the account established for the Series 2021AB Bonds and any other Common Reserve Bonds in the Debt Service Reserve Fund, as set forth in Sections 401(a)(iii)(1) and 401(b)(iii)(1) of this Fifty-third Supplemental Indenture.

Common Reserve Account means the account of that name established in the Reserve Fund pursuant to Section 4.04 to secure the Common Reserve Series.

Common Reserve Account means the Reserve Account in the Bond Fund created pursuant to Resolution No. 2006-03 and renamed the Common Reserve Account in Resolution No. 2012-22.

Common Reserve Account means the reserve account so created and established by Section 402 of the Basic Resolution and forming a part of the Common Bond Fund, which Common Reserve Account is to be used for the payment of principal or Redemption Price of and interest on the Common Fund Bonds under the circumstances described herein;

Common Reserve Account means the account established for the Series 2023A Bonds and any other Common Reserve Bonds in the Debt Service Reserve Fund, as set forth in Section 401(iii)(1) of this Fifty-sixth Supplemental Indenture.

Common Reserve Account means an account established pursuant to a Series Resolution or a Supplemental Resolution that may benefit or secure one or more Series of Bonds.