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
The Executive Director is responsible for ensuring that the Operating Reserve Fund is maintained and used only as described in this Policy.
Emergency Reserve Fund (previously the Operating Reserve Fund) 1.
Restricted Cash and Investments Investments set aside in the Senior Lien Reserve Fund, Major Maintenance Reserve Fund, and Operating Reserve Fund are pursuant to the terms of the 2013 Indenture for the $124,415,000 Toll Road Revenue Refunding Bonds and their use is limited by applicable debt covenants.
The Operating Reserve Fund will be funded with surplus unrestricted operating funds.
The Operating Reserve Fund excludes amounts collected from the Municipality on Lease Fees and will not be used toward Lease Fees.
More Definitions of Operating Reserve Fund
Operating Reserve Fund means the reserve fund established in Section 4.3.
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 existing Operating Reserve Fund maintained for the Housing Development on the Closing Date.
Operating Reserve Fund means a reserve fund established to provide for the payment of Operating C&E if the moneys contained in the Operating Fund are insufficient to make such payments. The Operating Reserve Fund shall be maintained such that the amount of money in the fund shall equal the aggregate of two years of Operating C&E, as estimated by the WGFP Enterprise based on a five-year rolling average (except in the first five years of the Operating Reserve Fund’s existence, during which time the WGFP Enterprise will estimate based on available information) and taking into consideration the WGFP Enterprise’s reasonable expectations as to future Operating C&E.
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 Operating Reserve Fund established in Section 5.01.