CRR Fund definition

CRR Fund means the separate and distinct fund to be created by the WCID for deposit of certain Excess Hydro Revenues for purposes of funding Non-Budgeted CRR Costs, the reimbursement of GBRA CRR Payments, if any, and Budgeted CRR Costs as authorized in Section 5.6(B).
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CRR Fund means the separate and distinct fund to be created by the WCID for deposit of certain Excess Hydro Revenues for purposes of funding Capital Repair and Replacement Costs.
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Examples of CRR Fund in a sentence

  • If it is subsequently determined by agreement, arbitration, regulatory decision, or court decision that any payments from the CRR Fund were spent by GBRA for purposes other than proper Capital Repair and Replacement Costs, then GBRA replenish the CRR Fund accordingly.

  • Subject to applicable limitations in the policy documents, any excess shall be deposited into the CRR Fund.

  • GBRA shall also render monthly bills to the WCID for one- twelfth (1/12th) of the Operation and Maintenance Requirement and Budgeted CRR Requirement, and one- twelfth (1/12th) of the Non-Budgeted CRR Requirement and the Repayment Requirement for as long as such latter two Requirements exist and available monies remain in the associated CRR Fund and Hydro Fund.

  • If it is subsequently determined by agreement, mediation, regulatory decision, or court decision that any payments from the CRR Fund were spent by GBRA for purposes other than Non-Budgeted CRR Costs, then GBRA shall replenish the CRR Fund accordingly.

  • Monies deposited into the CRR Fund by the WCID shall be used for the purpose of paying Non-Budgeted CRR Costs, including repayment of any GBRA CRR Payment, together with accrued interest.

  • For so long as this Contract remains in effect and except as otherwise provided in Section 5.2, GBRA shall be solely responsible for operation, maintenance, repair and replacement of the Project; provided, however, except as otherwise agreed by the Parties, in no event shall GBRA be obligated to use any funds other than amounts on deposit in the CRR Fund, or available Bond proceeds, to pay Capital Repair and Replacement Costs .Section.

  • In the event of any GBRA CRR Contribution, then the WCID shall reimburse the GBRA CRR Contribution, together with interest calculated from the respective dates of payment to the date of reimbursement at an annual interest rate equal to the net effective interest rate on the Bonds, with available monies in the CRR Fund.

  • Although the Parties intend for the WCID to fund Capital Repair and Replacement Costs by contributions of a portion of the Excess Hydro Revenues and the CRR Contribution into CRR Fund, not all Capital Repair and Replacement Costs may be predicted.

  • All monies deposited into the CRR Fund by the WCID shall be used for the purpose of paying Capital Repair and Replacement Costs, including repayment of the GBRA CRR Contribution, together with accrued interest.

  • Similarly, except as otherwise agreed by the WCID, in no event shall the WCID be obligated to fund any Capital Repair and Replacement Costs in excess of funds available in the CRR Fund.

Related to CRR Fund

  • 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.

  • Feeder Fund means a Sub-Fund which invests all or substantially all of its assets in securities which are units or sub-units in a unit trust scheme or participations in a mutual fund or other interests in a collective investment scheme which is managed or advised by the Managers or any Associate of the Managers and whose investment policy is the same or substantially the same as such Sub-Fund.

  • New Fund means each of the series portfolios of the Trust, one of which shall correspond to one of the Current Funds as shown on Schedule A.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Master Fund means a registered investment company or a series thereof in which the Trust or a Series, as applicable, invests all or substantially all of its assets pursuant to a master/feeder fund structure as described in Section 8.3(c);

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

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • non-redeemable investment fund means an issuer,

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Investment Vehicle means a corporation, partnership, limited partnership, limited liability company, association, or other entity, either domestic or foreign, managed by an external manager in which a board is the majority investor and that is organized in order to invest with, or retain the investment management services of, other external managers.

  • 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.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Program fund means the program fund established under section 12D.4.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • 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.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • 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.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Unreturned Capital Contributions means, as to each Member, the aggregate Capital Contributions made to the Company by such Member minus the aggregate distributions of such Capital Contributions made to such Member from the Company pursuant to Sections 3.2(b) and 6.2(a)(ii) hereof.

  • Expense Fund has the meaning set forth in Section 10.20(d).