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

  • The balance of monies deposited into the CRR Fund in excess of $750,000 may be used by the WCID for the payment of the Budgeted CRR Cost Requirement or any lawful purpose.

  • 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.

  • Similarly, except as otherwise agreed by the WCID, in no event shall the WCID be obligated to fund any Non-Budgeted CRR Costs in excess of funds available in the CRR Fund.

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

  • Any amount of the Non-Budgeted CCR Requirement and Repayment Requirement for which there are insufficient funds in the CRR Fund and Hydro Fund respectively to pay, shall be carried over to the next fiscal year’s WCID Budget with interest.

  • 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.

  • From time to time the Parties may also agree to issue Bonds to fund Budgeted or Non- Budgeted CRR Costs when such costs exceed annual funds budgeted therefor, or if such costs exceed the available balance in the CRR Fund or the Hydro Fund.

  • To the extent the CRR Fund is not sufficient to cover the Non-Budgeted CRR Costs, GBRA may elect to cover the balance with the proceeds of Bonds (upon approval by the WCID) or with other monies available to GBRA not funded by the WCID (the “GBRA CRR Payment”).

  • In the event of any GBRA CRR Payment, the WCID shall repay the GBRA CRR Payment, together with interest calculated from the respective dates of payment to the date of repayment at an annual interest rate equal to the net effective interest rate on the Bonds but not less than 1%, with available monies in the CRR Fund.

  • Accordingly, if sufficient funds are not available in the CRR Fund to pay a Non- Budgeted CRR Cost and the Parties do not otherwise reach agreement concerning the payment of such costs, then GBRA shall be under no obligation to perform such repair or replacement.

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.

  • Harbor Fund Van Xxxxxx Xxxrican Capital High Income Corporate Bond Fund ("High Income Corporate Bond Fund")

  • 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.

  • 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 a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • 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 created under Section 53B-8a-107,

  • 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 all Capital Contributions made by a Class A Member less any returned capital.

  • Expense Fund has the meaning set forth in Section 9.14(f).