Examples of Interest Reserve Fund in a sentence

Interest Reserve FundThe General Indenture creates an Interest Reserve Fund and directs the Trustee to establish a Series Interest Reserve Account therein for each Series of Bonds.
Establishment and Application of Interest Reserve Fund 24 Section 3.04.
Interest Reserve Fund Requirements - Initial transfer and credit of $500,000 and thereafter such amounts as appropriated by the Board of Alderman of the City from the Contingency Account, the General Fund of the City, or other available funds of the City.
Defense Logistics Manual (DLM) 4000.25, Chapter 7, describes the format and procedures associated with the EDI 567C transaction and can be found at: http://www.dla.mil/Portals/104/Documents/DLMS/Manuals/DLM/V7/Volume7.pdf Defense Logistics Management System (DLMS) is the DoD’s Executive Agent for all Logistic Data Interchange and Procedures and develops and maintains standard business rules and information exchange standards for the Department.
The proceeds of the Loan may be used to fund all or any portion of the Interest Reserve Fund, to pay Loan Costs and other transaction expenses in connection with the Loan, to make periodic Distributions as permitted and in accordance with this Agreement, and otherwise for working capital support and other general corporate purposes for the Borrowers, as certified by Borrowers’ Representative in connection with Advance Requests.

More Definitions of Interest Reserve Fund

Interest Reserve Fund that portion of the Development Loan which is allocated within the Construction Budget for the monthly payment of interest accrued on the Development Loan.

Interest Reserve Fund shall have the meaning set forth in Section 10.04 hereof.

Interest Reserve Fund has the meaning assigned to such term in Section 4.4(1).

Interest Reserve Fund. The account or accounts opened and maintained by the Indenture Trustee on or before the date of execution of the Indenture which shall be entitled “Interest Reserve Fund, The Bank of New York Mellon, as Indenture Trustee, in trust for Holders of NYCTL 2021- A Trust Tax Lien Collateralized Bonds, Series 2021-A,” and which shall be an Eligible Account.

Interest Reserve Fund. The account or accounts created pursuant to Section 8.04 hereof, which shall be entitled “Interest Reserve Fund, The Bank of New York Mellon, as Indenture Trustee, in trust for Holders of NYCTL 2021-A Trust Tax Lien Collateralized Bonds, Series 2021-A,” and which shall be an Eligible Account.

Interest Reserve Fund shall have the meaning set forth in Section 3.03 hereof.

Interest Reserve Fund. The account established by the Indenture Trustee pursuant to Section 9 of the Loan Purchase Agreement. Amounts deposited in the Interest Reserve Fund will be withdrawn in accordance with Section 9 of the Loan Purchase Agreement by the Indenture Trustee and will be distributed by the Indenture Trustee in accordance with Section 3.05 of the Indenture. The Interest Reserve Fund will not be an asset of any REMIC. Ownership of the Interest Reserve Fund is evidenced by the Class SB Notes.