Examples of Delinquency Management Fund in a sentence
PRIVATE] Mrs Evans was seeking to obtain Codeine repeatedly by preparing the order form and removing the orders from the controlled drug order book in an attempt to conceal her actions.
On September 2 of each year, commencing September 2, 2015, the Fiscal Agent will transfer any amounts remaining in the Special Tax Fund following disbursement to the Interest Account and the Principal Account to the Delinquency Management Fund.
There is hereby established as a separate fund to be held by the Fiscal Agent, the “Delinquency Management Fund,” to the credit of which a deposit shall be made as required by Sections 3.2, 3.4 and this Section 3.9. Moneys in the Delinquency Management Fund shall be held in trust by the Fiscal Agent for the benefit of the Owners of the Bonds and Additional Bonds, and shall be disbursed as provided below.
Moneys in the Delinquency Management Fund shall be invested and deposited in accordance with Section 6.1. Interest earnings and profits resulting from said investment shall be retained in the Delinquency Management Fund to be used for the purposes of such fund.
Pledge of Special Tax RevenuesThe Senior Bonds are secured by a first pledge and the Subordinate Bonds are secured by a second and subordinate pledge of all of the Special Tax Revenue and Redemption Revenues and all moneys deposited in the Bond Fund and, until disbursed, as provided in the Fiscal Agent Agreement (the “Agreement”), in the Special Tax Fund, the Redemption Fund, and the Delinquency Management Fund.
On the Closing Date, there will not be any amounts deposited in or on deposit in the Delinquency Management Fund.
At any time the Fiscal Agent may transfer funds from the Delinquency Management Fund to the trustee under the Authority Indenture to fund a delinquency in the Reserve Account thereunder.
The company has paid-up share capital of 200 crore and has achieved in the previous financial year a turnover of 400 crore.
On September 2 of each year, commencing September 2, 2015, the Fiscal Agent shall transfer any amounts remaining in the Special Tax Fund following payment of each disbursement required pursuant to subsection (b) above, to the Delinquency Management Fund.
In no event shall any Bond proceeds be deposited in the Delinquency Management Fund.