Debt Service Funds definition
Examples of Debt Service Funds in a sentence
At the conclusion of this contract, all vehicle files become the property of PVTA and shall be transferred to PVTA in their entirety.
Grievances not filed within the time limits stated at each step of the Procedure shall be deemed waived.
Upon the occurrence and during the continuance of an Event of Default, Lender, at its option, may withdraw all the Debt Service Funds and may apply the Debt Service Funds either to the payment of Debt Service and to payment of the Debt in such order, proportion and priority as Lender may determine in its sole discretion.
All financial assets of the District, including the General Fund, Recreation Fund, Capital Project Funds, Debt Service Funds, Special Recreation Funds, and other funds that may be created from time to time, shall be administered in accordance with the provisions of this Policy.
However, by managing Debt Service Funds to not exceed the debt service payment schedule the market risk of the overall portfolio will be minimized.
If at any time the amount of the Debt Service Funds shall exceed the amounts due for Debt Service on the Loan for the period beginning from such time through the Maturity Date, so long as no Event of Default shall then exist, Lender shall return any excess to Borrower.
Borrower shall be the owner of the Net Proceeds, if any, deposited with Lender after a Casualty or Condemnation, the Debt Service Funds, Tax Funds, the Insurance Premium Funds and the Income Tax Funds, amounts deposited by Borrower pursuant to Section 2.1.10 and the Net Sale Proceeds received by Lender pursuant to Section 4.1.40 (collectively, the “Funds”).
Application and Pledge of Moneys in Debt Service Funds 19 Section 506.
Upon redemption of the 2012 Bonds, Landlord shall pay to Tenant the balance of funds held in the City of Belle Isle Charter Debt Service Funds, retaining only the Security Deposit pursuant to Section 4.4 below.
Lender’s right to withdraw and apply the Debt Service Funds shall be in addition to all other rights and remedies provided to Lender under the Loan Documents.