Debt Retirement Account definition

Debt Retirement Account means the account within the Debt Retirement Fund established pursuant to the Development Agreements and Section 7.
Sample 1Sample 2Sample 3
Debt Retirement Account. - means the account created by the City for the retirement of the City's outstanding indebtedness related to the City's Water System. "Debt Retirement Payment" - means the payment made by the Contract Partner to the City to be paid into the Debt Retirement Account as created by the City. "DEP" or "Department" - means the New Jersey Department of Environmental Protection or any successor agency. "Division" - means the Local Finance Board of the Division of Local Government Services of the New Jersey Department of Community Affairs. "EPA" - means the United States Environmental Protection Agency or any successor agency. "Guarantor" - means E'Town Corporation, a New Jersey Corporation doing business at 000 Xxxxx Xxxxxx, Xxxxxxxxx, Xxx Xxxxxx. "Guarantor Agreement" - means the guarantor agreement between the Guarantor and the City included in Schedule 2.
Sample 1

Examples of Debt Retirement Account in a sentence

  • Funds received by the Sewer Service Fund shall be transferred to the "Operation and Maintenance Account", the "Equipment Replacement Account", and the "Debt Retirement Account" in accordance with State and Federal regulations and the provisions of this Section.

  • Amounts in the General Obligation Bond Payment Account shall be withdrawn as necessary to pay the principal of and interest and premium on the general obligation bonds issued by the City as the same become due; the moneys withdrawn for payment of the general obligation bonds issued by the City shall be deposited in the Debt Retirement Account created for the general obligation bonds, if established.

  • The document – signed by then-Finance Minister Doug Horner – states that: The new Fiscal Management Act replaced the Fiscal Responsibility Act on April 1, 2013, and removed the reference and definition of “accumulated debt” and the Debt Retirement Account (DRA)2.By the end of this fiscal year (2016-17), Alberta will hold a debt of $30.2 billion.

  • Code start projectsCheckboxTable.addSelectionChangedListener(new ISelectionChangedListener() {@Overridepublic void selectionChanged(SelectionChangedEvent event) { setProjectName(projectsCheckboxTable.getSelection().toString()); updateFileCheckboxTable();}}); Code end The purpose of updateFileCheckboxTable() method is to provide source files for packaging according to the selected project in projects selection field.

  • Funds received by the Sewer Service Fund shall be transferred to the Operation and Maintenance Account, the Equipment Replacement Account, and the Debt Retirement Account in accordance with state and federal regulations and the provisions of this subchapter.

  • The amount of the annual deposit into the Debt Retirement Account from the MTF may be reduced from year to year to the extent that other lawfully available moneys are on deposit in the Debt Retirement Account to pay the principal of and interest on the Bonds next maturing.

  • Vote Ron Moore, yea Rick Shriver, yea Dean Cain, yea Motion Carried 06-457 Motion by Mr. Dean Cain and seconded by Mr. Ron Moore to approve the following transfer: $6300.00 out of Debt Retirement Account 004-0004-306.00 and $3500.00 out of Other Expenses Account (k-10) 004-0004-309.01 to Contract Services Account (k-15) 004-0004-305.01.As submitted by Mr. Stevan Hook, Morgan County Engineer.

  • The City has heretofore created and ordered maintained as a separate fund, in the custody and control of the Fiscal Officer, the Debt Retirement Fund, and the Debt Retirement Account and Tax Proceeds Account within that Fund.

  • There shall be deposited into the Debt Retirement Account, as and when received (i) any premium or accrued interest received from the sale of the Bonds, (ii) the Urban Renewal Service Payments to be made pursuant to the Development Agreements and (iii) any other money received by the City, constituting “revenues” within the meaning of the Act, that the City determines to make available for the payment of debt charges on the Bonds.

  • Following the Notice to Proceed, the City may withdraw moneys from said Debt Retirement Account for the Retirement of the System indebtedness.

Related to Debt Retirement Account

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Note Account As defined in the Indenture.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Debt Service Reserve Account as defined in the Depositary Agreement.

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

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.