Operating Reserve Fund definition

Operating Reserve Fund means the fund to be established pursuant to the terms of the 2020 Bond Documents and held by the bond trustee for the Series 2020 Bonds.

Operating Reserve Fund means the monies collected and accumulated to pay for any shortfall due to unplanned or unforeseen circumstances. Monies for this fund are collected within the event fee;

Operating Reserve Fund means the Operating Reserve Fund established by the Trustee pursuant to the Supplemental Indenture.

Examples of Operating Reserve Fund in a sentence

• All amounts held in the Operating Reserve Fund shall be invested solely in a money market mutual fund described in paragraph (4) of the definition of Permitted Investments.

• All moneys required to be deposited with or paid to the Trustee for account of the Bond Fund, the Construction Fund, the Capitalized Interest Account, the Costs of Issuance Account, the Operating Reserve Fund or the Debt Service Reserve Fund under any provision of this Indenture shall be held by the Trustee in trust for the purposes herein specified.

• Any such written request shall be accompanied by copies of bills, invoices or statements for the operating expenses of the Company or the Corporation, as applicable, to be paid, and by a certification of the Authorized Company Representative that payment of such operating expenses with moneys from the Operating Reserve Fund is necessary for the continued operations of the Project.

• Upon the written request of the Company, the Trustee shall confirm in writing any investment made with moneys in the Bond Fund, the Construction Fund, the Capitalized Interest Account, the Costs of Issuance Account, the Operating Reserve Fund and the Debt Service Reserve Fund.

• In accordance with Paragraph Seventh of Section 5.04, the Trustee shall make disbursements into the Operating Reserve Fund until the balance therein equals at least $600,000.

More Definitions of Operating Reserve Fund

Operating Reserve Fund means the reserve fund established in Section 5.3.

Operating Reserve Fund means – the funds collected within the Event Fee structure and accumulated to pay for any shortfall resulting from the association monthly gaming Expenses being greater than the Event Fees collected from the bingo licensees due to unplanned or unforeseen circumstances.

Operating Reserve Fund means the fund of that name established pursuant to Section 5.01 of this Indenture.

Operating Reserve Fund means the Operating Reserve Fund established in Section 5.01.

Operating Reserve Fund means the Convention Center Hotel Revenue Bond Operating Reserve Fund established by Section 5.02 of the Indenture.

Operating Reserve Fund means the fund of that name created pursuant to Section 4.1(a) hereof.

Operating Reserve Fund means the fund so designated and established by the Metropolitan Government pursuant to Section 5.3 hereof.