Depreciation Fund definition

Depreciation Fund means the fund herein so designated and designed to provide for the replacement of depreciated or obsolete parts of the System and for improvements, betterments and extensions of the System, as established by the provisions of Section 7.06 hereof.
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Depreciation Fund means the fund by such name established pursuant to the Indenture. "Enabling Law" means Chapter 28, Title 11 (Section 11-28-1 et seq.) of the Code of Alabama
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Depreciation Fund means the Electric System Depreciation Fund authorized, established, designated, and provided for in Section 5.03(a)(3) of the Bond Resolution.
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Examples of Depreciation Fund in a sentence

  • No money shall at any time be withdrawn from such deposit accounts except for the purposes of the Funds and Accounts as authorized in this Resolution; except that moneys from time to time on hand in the Funds and Accounts may at any time, in the discretion of the City’s governing body, be invested in securities permitted by the provisions of SDCL 4-5-6; provided, however, that the Depreciation Fund may be invested in such securities maturing not later than ten years from the date of the investment.

  • The District is funding the Depreciation Fund monthly as required, depositing$2,061 per month.

  • The remaining series require the Depreciation Fund be funded until the balance reaches certain amounts with the maximum amount being $79,800.

  • All income from the investment of amounts in the Depreciation Fund must be deposited in the Depreciation Fund.

  • If necessary to prevent a default in the payment of principal of or interest on the Bonds, moneys in the Depreciation Fund may be transferred to the Special Redemption Fund; in the event of any such transfer, the deposit requirement into the Depreciation Fund shall be increased so as to replenish the amount of the transfer over the next succeeding 12-month period by 12 equal monthly deposits.


More Definitions of Depreciation Fund

Depreciation Fund means the fund so designated pursuant to the Existing
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Depreciation Fund means the fund designed to provide a reserve for depreciation of the Utility, as established by the provisions of Section 5.01(e) hereof.
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Depreciation Fund means the Depreciation Fund established by the Prior Resolutions and continued hereby.
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Depreciation Fund means the Depreciation Fund created by the Prior Ordinances and continued hereby.
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Depreciation Fund means the “Water Depreciation Fund” previously established by the District and continued in accordance with Section 14(d) for the benefit of the holders of the Parity Bonds.
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Depreciation Fund means any fund which a local authority is
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Depreciation Fund means the fund established in accordance with Section 4 of this Exhibit G. "Depreciation Reserve Requirement" means an amount as shall be determined by the Consulting Engineers and set forth in a certificate filed with the Lessee to be necessary as a reserve for major repairs or replacements of the System.
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