Project reserve fund definition

Project reserve fund means an amount equal to 10% of the net proceeds tax paid by each mine plus all accrued interest.
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Examples of Project reserve fund in a sentence

  • Since the compilation of the updated note on 26 May 2003, India had notified its new rules on semiconductor integrated circuits layout-designs, trademarks, and on geographical indications.

  • In this, the following reserve funds are proposed: Operational reserve fund Patient treatment and counselling reserve fund Professional conduct reserve fund Project reserve fund Fair Registration Audit reserve fund The amounts available for these funds is up for discussion, pending the audit results.

  • Amendment 11 allows the District to create a Project reserve fund for contract ad valorem taxes held by the District.

  • Mr. Clayton moved, seconded by Mr. Hamel, the Board of Directors approve opening an independent Wells Fargo account for the investment of the Fry-Ark Project reserve fund as aligned in Amendment 11 of the Fry-Ark Contract.

  • PFM discussed investment options for the Windy Point Project reserve fund.

  • The Village’s Capital Project reserve fund no longer existed and therefore reverted back to the General Fund.

Related to Project reserve fund

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

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

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

  • 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.

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

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.