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

• The Replacement Reserve Fund, the Operating Reserve Fund and the Tax and Insurance Fund shall be funded, and moneys therein shall be disbursed, in accordance with the provisions of the Indenture and this Section 5.22.

• In the event that Xxxxxxx fails to fully and timely pay its pro-rata share of Operating C&E under Section 6.3.1, the WGFP Enterprise may draw upon Xxxxxxx’x portion of the Operating Reserve Fund or such other reserves as the Enterprise Board may establish and maintain in relation to Operating C&E pursuant to Section 6.1.2 to make up any deficiency as a result of the failure of Greeley to make a payment required under Section 6.3.

• In the event Sports Center Gross Revenues received by the Operator in any Operating Year together with amounts on deposit and available in the R&R Fund and the Operating Reserve Fund are less than Sport Center Expenses, capital expenditures and funding of the deposits to the R&R Fund and the Operating Reserve Fund the Operator shall be obligated to advance such funds and be reimbursed at such time as Sports Center Gross Revenues are sufficient as provided in this Agreement.

More Definitions of Operating Reserve Fund

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 reserve fund established in Section 4.3.

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

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

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.