Expenditures Fund definition

Expenditures Fund means funds or accounts, regardless of their names, that are established to hold moneys that are available to acquire or construct Facilities and to fund Services.
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Examples of Expenditures Fund in a sentence

  • Such security shall be in an amount equal to the excess of the total unpaid amounts with respect to alterations to the Improvements on the applicable Individual Property, which will not be paid from amounts on deposit in the Capital Expenditures Fund or existing Excess Cash Flow designated and segregated as provided above, over the Threshold Amount and Lender may apply such security from time to time at the option of Lender to pay for such alterations.

  • Contemporaneously with furnishing the Financial Statements for each calendar month to Owner pursuant to Section 4.09, the Operators shall remit to Owner, subject to applicable Laws and the Related Contracts, from the Bank Accounts, an amount by which the total funds in the Bank Accounts exceed the sum of working capital and the current amount on deposit in the Capital Expenditures Fund.

  • The Authority shall pay the costs of Capital Expenses first from funds available in the Construction Fund for payment of such Capital Expenditures, next from the Project Budget Account of the Capital Expenditures Fund and then, to the extent amounts in such account are insufficient, from the Annual Operating Budget Account of the Capital Expenditures Fund.

  • The signatories to the Expenditures Fund shall be (i) the Chief Financial Officer of the Corporation, (ii) ▇▇▇▇▇▇▇ ▇'▇▇▇▇▇▇ and (iii) the two representatives (the "Investor Representatives") of the Investor to be appointed to the Board of Directors of the Corporation at or prior to the Closing of the transactions contemplated by the Purchase Agreement as contemplated in Section 4.1 of the Purchase Agreement, or such other representatives of the Investor as shall be named by the Investor.

  • The Expenditures Fund shall be used only to fund the technical expenditures contemplated in Schedule A hereto and shall only be disbursed in the manner set forth in Section 3.

  • Amounts drawn under the Toll Equity Loan Agreement for the foregoing purpose described in this Section shall be deposited by the Trustee directly to the Capital Expenditures Fund.

  • On the Closing of the transactions contemplated by the Purchase Agreement, the Corporation shall deposit into the Expenditures Account three million U.S. dollars (US$3,000,000) which shall constitute the principal amount of the Expenditures Fund contemplated hereby.

  • No disbursements shall be made of the Expenditures Fund from the Expenditures Account expect pursuant to the approval of the parties as evidenced by the signatures of (i) the Chief Financial Officer of the Corporation and (ii) one of ▇▇▇▇▇▇▇ ▇'▇▇▇▇▇▇ or an Investor Representative, on any instrument required to be executed and delivered in connection with a disbursement from the Expenditures Account.

  • Contemporaneously with furnishing the Financial Statements for each calendar month to Owner pursuant to Section 4.09, the Operator shall remit to Owner, subject to applicable Laws and the Related Contracts, from the Bank Accounts, an amount by which the total funds in the Bank Accounts exceed the sum of working capital and the current amount on deposit in the Capital Expenditures Fund.

  • This Agreement shall terminate upon the earlier of the disbursement of all of the Expenditures Fund from the Expenditures Account in accordance with the terms of this Agreement or 24 months from the Closing date of the transactions contemplated in the Purchase Agreement.