Funds and Accounts definition

Funds and Accounts means funds and accounts created pursuant to or referred to in Section 501

Funds and Accounts means funds and accounts created by or referred to in Section 501 hereof.

Funds and Accounts means funds and accounts created by or referred to in the Bond Resolution.

Examples of Funds and Accounts in a sentence

• Except for the pledge of the Pledged Revenues and Pledged Funds and Accounts in the Trust Estate to the payment of the Improvement Area #3 Bonds, the Pledged Revenues and Pledged Funds and Accounts in the Trust Estate shall not be pledged or encumbered to or for the payment of any other obligation or liability of the City.

• In such event, the Trustee shall execute and deliver to the City copies of all such documents as it may have evidencing that principal of and interest on all of the Improvement Area #3 Bonds has been paid so that the City may determine if the Master Indenture is satisfied; if so, the Trustee shall pay over or deliver all moneys held by it in the Funds and Accounts held hereunder to the Person entitled to receive such amounts, or, if no Person is entitled to receive such amounts, then to the City.

• The grants, assignments, lien, pledge and security interest of the Trustee created herein on and against the Pledged Revenues and Pledged Funds and Accounts, shall become effective immediately upon and from the time of payment for and delivery of each series of Improvement Area #3 Bonds and the same shall be continuously effective for so long as any Improvement Area #3 Bonds are Outstanding or Annual Collection Costs are unpaid.

• Any obligations purchased as an investment of moneys in any Fund shall be deemed to be part of such Fund or Account, subject, however, to the requirements of this Master Indenture for transfer of interest earnings and profits resulting from investment of amounts in Funds and Accounts.

• The Improvement Area #3 Bonds are special and limited obligations of the City, payable solely from and secured solely by the Trust Estate, including the Pledged Revenues and the Pledged Funds and Accounts; and the Improvement Area #3 Bonds and any other obligations incurred by the City under the terms of this Master Indenture or a Supplemental Indenture shall never be payable out of funds raised or to be raised by taxation or from any other revenues, properties or income of the City.

More Definitions of Funds and Accounts

Funds and Accounts means the funds and accounts established by the General Trust Indenture or a Series Trust Indenture.

Funds and Accounts means funds and accounts created pursuant to or referred to in the Bond Resolution.

Funds and Accounts means the funds and accounts established in Article IV of this Indenture.

Funds and Accounts means funds and accounts created or referred to in Section

Funds and Accounts means funds and accounts created pursuant to or referred to in the Bond Resolutions.

Funds and Accounts collectively means the Construction Fund, the Revenue Fund, the Debt Service Fund and the Reserve Fund.

Funds and Accounts means all funds of a county derived from property taxes and all funds and accounts derived from sources other than property taxes, including the receipts and expenditures of the fee earnings of each county fee officer;