Major Maintenance Account definition

Major Maintenance Account has the meaning assigned to such term in the Collateral Agency Agreement.
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Major Maintenance Account has the meaning specified in the Intercreditor Agreement.
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Major Maintenance Account has the meaning given in Section 7.4(a).
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Examples of Major Maintenance Account in a sentence

  • To the extent the stated amount of the Major Maintenance Letter of Credit plus amounts on deposit in the Major Maintenance Account exceed the Major Maintenance Reserve Requirement, Administrative Agent shall release cash in the Major Maintenance Account to the Revenue Account.

  • If no agreement for a renewal or replacement of the Major Maintenance Letter of Credit has been made 30 days prior to the expiration of the Major Maintenance Letter or Credit, Administrative Agent may draw on the Major Maintenance Letter of Credit and deposit such drawing in the Major Maintenance Account or Sponsor shall deposit cash in the Major Maintenance Account in the amount of the Major Maintenance Letter of Credit.

  • In the event that Maintenance & Operations receives the anticipated 3% increase in the 2015-2016 year in the Ongoing & Major Maintenance Account (RMA: Education Code Section 17070.5), effective July 1, 2015, the amount for vehicles hauling in excess of 200 pounds shall increase to $14.00 per day for District authorized materials, tools, supplies and equipment.

  • The Minimum Major Maintenance Reserve Payment shall be an amount equal to (i) (A) the amount budgeted to complete the Major Maintenance Plan on the next scheduled Major Maintenance, less (B) the balance in the Major Maintenance Account, divided by (ii) the number of Payment Dates from and including the current Payment Date until the date of the commencement of the next scheduled Major Maintenance.

  • On or prior to September 7, 2007, the Sponsor shall provide funds to the Appropriate Collateral Agent in an amount equal to the £2,659,576 to be deposited into, or credited to, in immediately available funds, the Major Maintenance Account for further application in accordance with the terms of the Intercreditor Agreement and the other Financing Documents.

  • The Collateral Agent shall, upon receipt of such Accounts Withdrawal Certificate, instruct the Depositary Bank to withdraw funds from the Major Maintenance Account and apply such funds to the payment of Major Maintenance Expenses as directed in each such Accounts Withdrawal Certificate.

  • Motion by Commissioner Rea, support from Commissioner Heise that the Board of Commissioners (1) award contract 710-19-192 Genoa Contracting LLC in the amount of $ 36,932.50; and (2) authorize the transfer from the Unallocated Major Maintenance accounts of Huron Meadows, Lake Erie and Stony Creek to the Indian Springs Unallocated Major Maintenance Account as recommended by Chief of Engineering Services Mike Henkel and staff.Motion carried unanimously.

  • The Permit Supervisor may negotiate with the Permittee to establish the fees in a Major Maintenance Account.

  • Any surplus funds in any year not required to satisfy Port Expenses for that year shall be deposited into the Major Maintenance Account to be used for future specific identified projects in the Infrastructure Improvement and Major Maintenance Plan and to accrue during the term of the Agreement.

  • You will need to contact your cellular provider to get the APN and SMTP settings for their network.


More Definitions of Major Maintenance Account

Major Maintenance Account has the meaning set forth in Section 5.01 of this Agreement.
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Major Maintenance Account has the meaning assigned to such term in Section 2.02(a)(ix).
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Major Maintenance Account has the meaning specified in the Depositary Agreement.
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Major Maintenance Account has the meaning ascribed thereto in the OMM Agreement.
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Related to Major Maintenance Account

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Major maintenance means the adjustment, repair or replacement of a component or module that could affect the accuracy of a measurement.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

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

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Furniture maintenance product means a wax, polish, conditioner or any other product designed for the purpose of polishing, protecting or enhancing finished wood surfaces other than floors but does not include dusting aids, wood cleaners, products designed solely for the purpose of cleaning and products designed to leave a permanent finish such as stains, sanding sealers and lacquers.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.