Issuance Expense Fund definition

Issuance Expense Fund means the North Royalton City School District Issuance Expense Fund – 2011, to be established in the custody of the Trustee under the Trust Agreement for the deposit, investment and application of that portion of the Certificates, if any, specified in the Purchase Agreement, and used to pay costs of issuing the Certificates.
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Issuance Expense Fund means the Issuance Expense Fund created in Section 3.02 of the Indenture.
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Issuance Expense Fund means the Account so designated which is established by the Indenture.
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Examples of Issuance Expense Fund in a sentence

  • Each payment out of the Issuance Expense Fund shall be made only upon receipt by the Trustee of a requisition signed by an Authorized Representative of the Borrower.

  • The County does not make any warranty either express or implied that the money in the Issuance Expense Fund available for payment of the foregoing costs will be sufficient to pay such costs in full, and the Borrower agrees to pay that portion of such costs in excess of the amount in the Issuance Expense Fund from any money legally available for such purpose.

  • The Treasurer is authorized and directed, to the extent they are not paid by the Original Purchaser in accordance with the Purchase Agreement or from the proceeds of the Series 2022 Certificate in the Issuance Expense Fund, to make appropriate certification as to the availability of funds for those fees and any reimbursement and to issue an appropriate order for their timely payment as written statements are submitted by that firm.

  • Issuance Expense Fund The Indenture creates a special fund designated the "Issuance Expense Fund".

  • In the event that moneys on deposit in the Issuance Expense Fund are not disbursed to pay issuance costs within 180 days following the date of delivery of the Bonds, all amounts remaining on deposit in the Issuance Expense Fund are required to be transferred to the Interest Account of the Debt Service Fund and shall not thereafter be used to pay expenses of issuing the Bonds.

  • In the event of prepayment by the Borrower of the Loan in whole, the amounts then contained in the Bond Principal Fund, the Bond Interest Fund and the Issuance Expense Fund shall be credited against the Borrower’s prepayment obligation.

  • Moneys on deposit in the Issuance Expense Fund are required to be applied for payment of expenses of issuing the Bonds.

  • The proceeds received from the sale of the Certificates shall be paid into the Project Fund or, if applicable, the Issuance Expense Fund, as provided in the Purchase Agreement, and those proceeds shall be used to pay for Project Costs.

  • Upon receipt of a certificate signed by an Authorized Representative of the Borrower stating that all such fees and expenses have been paid, the Trustee shall transfer any money remaining in the Issuance Expense Fund to the Bond Interest Fund or the Bond Principal Fund, as directed by the Borrower.

  • The County may, at any time and from time to time, invest any or all moneys in the Issuance Expense Fund in Eligible Investments or in such other investments as shall at the time be permitted under the laws of the State of Alabama for county funds.


More Definitions of Issuance Expense Fund

Issuance Expense Fund means the fund or account created pursuant to Section 7.1 hereof.
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Issuance Expense Fund means the “City of Boulder, Colorado Water and Sewer Revenue Bonds, Series 2016 Issuance Expense Fund” created in Section 4.01(d) hereof.
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Issuance Expense Fund means, as to the Series 2021 Certificates, the Series 2021 Account within the Issuance Expense Fund to be established in the custody of the Trustee under the Trust Agreement for the deposit, investment and application of that portion of proceeds of the Series 2021 Certificates, if any, specified in the Purchase Agreement, used to pay costs of issuing the Series 2021 Certificates.
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Issuance Expense Fund means the Issuance Expense Fund created in Section 3.4 of the Loan Agreement.
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Issuance Expense Fund means the fund created in this Bond Resolution for the deposit of a portion of the proceeds of the 2021 Bonds to pay Expenses associated with the issuance of the 2021 Bonds.
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Related to Issuance Expense Fund

  • Expense Fund has the meaning set forth in Section 9.14(f).

  • Expense Amount As defined in Section 11.01(b) hereof.

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Issuance Costs means all fees, costs, charges, and expenses paid or incurred in connection with the authorization, preparation, printing, issuance, sale, and delivery of the Bonds and the making of the Loan, including, but not limited to, underwriting, legal, accounting, rating agency, and all other fees, costs, charges, and expenses incurred in connection with the development and implementation of the Financing Documents, the Closing Documents, and those other documents necessary or appropriate in connection with the authorization, preparation, printing, issuance, sale, marketing, and delivery of the Bonds and the making of the Loan contemplated thereby, together with financing fees, costs, and expenses, including program fees and administrative fees charged by the District, fees paid to financial institutions and insurance companies, initial letter of credit fees (if any), compensation to financial advisors and other persons (other than full-time employees of the District) and entities performing services on behalf of or as agents for the District.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • REIT Expenses means (i) costs and expenses relating to the formation and continuity of existence and operation of the General Partner and any Subsidiaries thereof (which Subsidiaries shall, for purposes hereof, be included within the definition of General Partner), including taxes, fees and assessments associated therewith, any and all costs, expenses or fees payable to any director, officer, or employee of the General Partner, (ii) costs and expenses relating to any public offering and registration of securities by the General Partner and all statements, reports, fees and expenses incidental thereto, including, without limitation, underwriting discounts and selling commissions applicable to any such offering of securities, and any costs and expenses associated with any claims made by any holders of such securities or any underwriters or placement agents thereof, (iii) costs and expenses associated with any repurchase of any securities by the General Partner, (iv) costs and expenses associated with the preparation and filing of any periodic or other reports and communications by the General Partner under federal, state or local laws or regulations, including filings with the Commission, (v) costs and expenses associated with compliance by the General Partner with laws, rules and regulations promulgated by any regulatory body, including the Commission and any securities exchange, (vi) costs and expenses associated with any 401(k) plan, incentive plan, bonus plan or other plan providing for compensation for the employees of the General Partner, (vii) costs and expenses incurred by the General Partner relating to any issuing or redemption of Partnership Interests, and (viii) all other operating or administrative costs of the General Partner incurred in the ordinary course of its business on behalf of or in connection with the Partnership.

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Distribution Expenses means, with respect to all rights granted to LGF hereunder, one hundred percent (100%) of the aggregate of all actual, direct, out-of-pocket, third xxxxx costs expended or incurred by LGF in direct connection with the distribution and exploitation of the Picture throughout the Territory in all media, including, without limitation, all DLT Creation Costs, and all conversion, manufacturing, duplication, shipping, marketing, advertising, promotion and publicity costs, and all costs to complete Delivery of the Picture (to the extent (i) LGF elects to cure any failure of Grantor to complete Delivery of the Picture in accordance with the Delivery Schedule and/or (ii) LGF is required to take "access" to any Delivery Materials pursuant to the Delivery Schedule; and/or fiii) Grantor is not required to deliver such elements under the Delivery Schedule).

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Class Expenses means the expenses of registering a Class in any jurisdiction or with any stock exchange, regulated market or settlement system, and all other expenses arising from such registration and such further expenses howsoever arising as may be disclosed in the Prospectus. The cost of converting currency and the costs and gains/losses of the hedging transactions are borne solely by the relevant Class.

  • Indemnity Escrow Amount means $3,000,000.

  • Financing Costs Adjustment Date means each of the following days:

  • Adjustment Escrow Amount means $1,000,000.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Cash Expenses means, for any period, the Operating Expenses for the operation of the Property as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred by Borrower minus any payments into the Tax and Insurance Escrow Fund.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Working Capital Escrow Amount means $2,000,000.