Project Fund Custodian definition

Project Fund Custodian means initially U.S. Bank National Association, its successors and assigns, or any successor project fund custodian hereafter appointed by the Authority and approved by the City; provided, however, the Project Fund Custodian shall at all times be a commercial bank or trust company.
Sample 1
Project Fund Custodian means the commercial bank appointed by the Authority to maintain the Project Fund in accordance with the terms of this Resolution.
Sample 1
Project Fund Custodian means initially Fidelity Bank and its successor and assign, and any commercial bank appointed by the Agency to maintain the Project Fund in accordance with the terms of this Resolution.
Sample 1

Examples of Project Fund Custodian in a sentence

  • This Contract shall be in full force and effect from the date of delivery hereof until such time as the Series 2023 Bond and any Parity Bonds shall have been paid or provision for such payment shall have been made in accordance with the Bond Resolution and all payments due or to become due to the Bond Registrar, Paying Agent, Debt Service Fund Custodian and Project Fund Custodian have been made; provided that in no event shall this Contract extend beyond fifty years from its date.

  • It is agreed by the parties hereto that any amounts remaining in any Fund under the Bond Resolution after payment in full of the principal and interest on the Series 2023 Bond, the fees, charges and expenses of the Bond Registrar, Paying Agent, Debt Service Fund Custodian and Project Fund Custodian and all other amounts required to be paid, shall be paid to the City.

  • This Contract shall be in full force and effect from the date of delivery hereof until such time as the Series 2023B Bond and any Parity Bonds shall have been paid or provision for such payment shall have been made in accordance with the Bond Resolution and all payments due or to become due to the Bond Registrar, Paying Agent, Debt Service Fund Custodian and Project Fund Custodian have been made; provided that in no event shall this Contract extend beyond fifty years from its date.

  • Obligation of the Parties to Cooperate in Furnishing Documents; Reliance of the Project Fund Custodian .

  • The City hereby agrees to pay the Authenticating Agent, Paying Agent, the BondRegistrar, the Sinking Fund Custodian, the Project Fund Custodian, the Note Retirement Account Depository and the Bonds Project Fund Custodian for their services under the Resolution.

  • All moneys received by the Agency under the terms hereof shall, subject to the giving of security as hereinafter provided, be deposited with the Project Fund Custodian, the Note Retirement Account Depository, the Bonds Project Fund Custodian or the Sinking Fund Custodian in the name of the Agency.

  • To avoid being considered misbranded, the Act requires that most textile products have a label attached listing:• the generic names and percentages by weight of the constituent fibers in the product;• the name under which the manufacturer or other responsible company does business or, in lieu thereof, the registered identification number (“RN number”) of such company; and• the name of the country where the product was processed or manufactured.

  • The senior-most Human Resources executive at a leading business and marketing communications provider said, “Employee retention needs to be managed by every single manager in the field.

  • Subject to Sections 4.02 and 4.09 of the Bond Resolution, any moneys held as a part of the Bond Fund, the Project Fund, or any other special trust account shall be invested or reinvested by the Bond Fund Custodian or the Project Fund Custodian, as the case may be, at the written direction of the Authorized Augusta Representative in such Permitted Investments as may be designated by Augusta.

  • Prior to disbursement from the Project Fund there shall be filed with the Project Fund Custodian a Requisition for such payment approved by the Seller.


More Definitions of Project Fund Custodian

Project Fund Custodian means the Finance Director of the City or any successor project fund custodian hereafter appointed by the Agency to maintain the Project Fund in accordance with the terms of this Resolution.
Sample 1
Project Fund Custodian means the Project Fund Custodian acting under the Indenture.
Sample 1
Project Fund Custodian means the commercial bank appointed by the Authority to maintain the Project Fund.
Sample 1
Project Fund Custodian means the entity or person at the time serving as the project fund custodian pursuant to Sections 4.02 and 6.01 of this Bond Resolution.
Sample 1
Project Fund Custodian means the financial institution at the time serving as project fund custodian pursuant to Section 703 of this Resolution.
Sample 1

Related to Project Fund Custodian

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Fund Custody Account means any of the accounts in the name of the Trust, which is provided for in Section 3.2 below.

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