Operation and Maintenance Reserve Account definition

Operation and Maintenance Reserve Account means the special and separate account heretofore created, continued herein and designated as the “Reno-Tahoe Airport Authority, Nevada Airport System Operation and Maintenance Reserve Account.”
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Operation and Maintenance Reserve Account means the Albany Water Board Operation and Maintenance Reserve Account established by, and held in the custody of, the Board pursuant to Section 4.2(A)(3) of the Financing Agreement.
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Operation and Maintenance Reserve Account the special account designated by that name established by the Security Agent pursuant to subsection 2.2 of the Security Deposit Agreement.
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Examples of Operation and Maintenance Reserve Account in a sentence

  • On the twentieth day of each month, the City shall, from the remaining money in the Revenue Fund, credit or transfer to the Operation and Maintenance Reserve Account, an amount equal to one-thirty sixth (1/36) of the Operation and Maintenance Reserve Requirement.

  • Once the aggregate amount credited or transferred to the Operation and Maintenance Reserve Account equals the Operation and Maintenance Reserve Requirement, no credit or transfer need be made if the amount of money contained therein is at least equal to the Operation and Maintenance Reserve Requirement.

  • If on any April 1 and any October 1, the amounts on deposit in the Emergency Operation and Maintenance Reserve Account are in excess of $1 million, the Airports Authority will transfer an amount equal to such excess to the Revenue Fund.

  • Amounts in the Operation and Maintenance Reserve Account in the Operation and Maintenance Fund shall be used by the Airports Authority to pay Operation and Maintenance Expenses in the event that amounts on deposit in the Operation and Maintenance Account are insufficient to pay all Operation and Maintenance Expenses when due.

  • Amounts in the Emergency Operation and Maintenance Reserve Account in the Operation and Maintenance Fund may be used by the Airports Authority to pay the costs of emergency repairs and replacements to the Dulles Toll Road.

  • The amount deposited in the Operation and Maintenance Reserve Account shall equal one-sixth (1/6th) of the Operation and Maintenance Expenses for the Dulles Corridor Enterprise Fund set forth in the Airports Authority’s current Fiscal Year budget.

  • Belmont No. 17 BE 0042, 2018-Ohio-3733, 109 N.E.3d 1265, ¶41; Taylor v.

  • The Operation and Maintenance Reserve Account Monthly Requirement shall be one-sixth the Operation and Maintenance Reserve Account Requirement until the credit balance of the account reaches such requirement.

  • Operation and Maintenance Reserve Account: An amount estimated to meet the needs of routine operation and maintenance of the water and wastewater systems and routine replacement of parts.

  • Investment Earnings in the Interest Account, Principal Account, Operation and Maintenance Reserve Account and Depreciation Account shall first be credited to the Rebate Fund to the extent required and next be transferred to the Water Fund.


More Definitions of Operation and Maintenance Reserve Account

Operation and Maintenance Reserve Account means the Operation and Maintenance Reserve Account in the Operation and Maintenance Fund created pursuant to Section 4.01(d)(i) of the Permit and Operating Agreement and Section 401 of this Indenture.
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Operation and Maintenance Reserve Account means the account of the same name created by the Board.
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Related to Operation and Maintenance Reserve 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.

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

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

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

  • Operation and Maintenance Costs means the costs of:

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

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

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

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

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

  • 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 [*];

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

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

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

  • 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.

  • Interest Reserve Account As defined in Section 3.4(d).

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

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • 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.

  • 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.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.