Operation and Maintenance Fund definition

Operation and Maintenance Fund means the fund established by the provisions of Section 7.05 hereof and which is designed to provide for the payment of all Operation and Maintenance Expenses.
Operation and Maintenance Fund means the Operation and Maintenance Fund created pursuant to Section 15(b)(i).
Operation and Maintenance Fund means the fund designed to provide for the payment of all expenses (except those expenses to be paid by ad valorem taxes or local hospitality taxes) incurred in connection with the administration and operation of the System, including, without limiting the generality of the foregoing, such expenses as may be reasonably necessary to preserve the System in good repair and working order, the fees and charges of the Trustee and the Registrar or any Paying Agent, the costs of audits required hereunder, and the premiums for all insurance and fidelity bonds required by the Bond Ordinance, in accordance, as nearly as may be practicable, with the Annual Budget then in effect, as such Fund is established by the provisions of Section 7.05 hereof.

Examples of Operation and Maintenance Fund in a sentence

  • Pursuant to the Bond Document, the District has established the Operation and Maintenance Fund.

  • The District shall maintain the Operation and Maintenance Fund (including any accounts or subaccounts the District determines to establish therein) for the purpose of paying Operation and Maintenance Costs.


More Definitions of Operation and Maintenance Fund

Operation and Maintenance Fund means the Fund by that name created pursuant to Section 5.02.
Operation and Maintenance Fund means the fund created pursuant to Section 4.04(B) hereof.
Operation and Maintenance Fund means the Operation and Maintenance Fund established pursuant to Section 18(A) of this Bond Resolution.
Operation and Maintenance Fund means the Fund with that name created by the Bond Resolution.
Operation and Maintenance Fund means the Operation and Maintenance Fund established
Operation and Maintenance Fund means the Electric System Operation and Maintenance Fund authorized, established, designated, and provided for in Section 5.03(a)(1) of the Bond Resolution.
Operation and Maintenance Fund means the fund referred to in Section 10.4.