Examples of PFC Fund in a sentence
We must receive at least five business days’ notice to set up a pre-authorized purchase plan.You may also purchase Series A Shares, Series B Shares or Series F Shares of a PFC Fund by regular or periodic payment.
All PFC Revenues will be accounted for through and held in trust in the PFC Fund, and the City shall only have such beneficial right or interest in such money as provided herein.
The Passenger Facility Charge (PFC) Fund is required by federal legislation to be in an interest-bearing instrument.
Any PFC Revenues not so transferred may be transferred, at the election of the City, to the PFC Project Account or to such other Account within the PFC Fund as the City may determine in conformity with federal statutes and regulations governing the use of the PFC Revenues.
Interest (net of that which represents a return of accrued interest paid in connection with the purchase of any investment) and other investment earnings on any moneys of investments in the Debt Service Fund, the Subordinated Debt Service Fund, the Note Payment Fund and the PFC Fund shall be retained in the Fund in which such earnings accrued.
The City agrees and covenants that all PFC Revenues, when and as received, will be received and held in trust by the City hereunder and will be credited or deposited as and when received in the PFC Fund, which fund shall be known as the "PFC Fund," and which fund the City hereby agrees and covenants to continue to maintain so long as any PFC Bonds are outstanding hereunder.
The City shall deposit into the PFC Revenues Account of the PFC Fund, promptly upon their receipt by the City, all PFC Revenues, including without limitation all investment earrings on the PFC Revenues Account and all other Accounts established within the PFC Fund.
PFC Revenues shall continue to be deposited directly to the PFC Fund so long as any PFC Bonds remain Outstanding.
In addition, funds on deposit in the PFC Project Account and any additional Accounts established within the PFC Fund may be transferred or applied as the City shall determine in conformity with applicable law.Section 516A.
The Port reimburses PFC disbursements by transferring cash to the Port Revenue Fund from the Restricted PFC Fund.