Repair and Replacement Account definition

Repair and Replacement Account means the Account created in the Sanitary Sewerage System Fund pursuant to Section 7.07 of the Original Resolution.
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Repair and Replacement Account means the account created by Section 7.07 of the Original Resolution.
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Repair and Replacement Account means the Repair and Replacement Account established by Section 5.09 hereof. "Reserve Account" means the Reserve Account established by Section 5.02 hereof.
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Examples of Repair and Replacement Account in a sentence

  • There shall be next credited to a Depreciation, Repair and Replacement Account and held, in cash and investments, such reasonable amount each month as the Corporate Authorities shall determine.

  • The Authority is required to deposit $75,000 on each November 15, December 15, and January 15 to the Repair and Replacement Account each year until 2012.

  • The Repair and Replacement Account is hereby established as a separate account within the Storm Sewer System Fund.

  • If for any reason insurance proceeds are insufficient for the repair, replacement and reconstruction of the insured property, the City shall supply the deficiency from revenues on hand in the Repair and Replacement Account and the Surplus Account.

  • Whenever an amount is withdrawn from such Account for the purpose stated in clause (3) of the preceding paragraph, the amount so transferred shall be added to the amount to be next and thereafter credited to said Depreciation, Repair and Replacement Account until full reimbursement to said Account has been made.

  • If any payment of principal or interest becomes due when money in the Debt Service Account is temporarily insufficient therefor, to the extent of such deficiency funds shall be advanced to the Debt Service Account out of any revenues theretofore segregated and then on hand in the Reserve Account, the Operating Account, the Repair and Replacement Account or the Surplus Account, in that order.

  • The Capital Repair and Replacement Account shall be maintained in a separate, segregated bank account into which only the Capital Repair and Replacement Funds are deposited.

  • In addition, Tenant may use any funds then on deposit in the Repair and Replacement Account to fund the repairs; provided, however, to the extent such funds are used to fund the repairs, such funds shall be reimbursed in full from the insurance proceeds upon receipt thereof.

  • The Mailroom recently completed another monthly drive-up mail 8/18/2020 P.

  • If the balance in the Reserve Account has not been restored to the Reserve Requirement from transfers of Net Revenues within six months after the balance falls below the Reserve Requirement, the City shall transfer to the Reserve Account from the Surplus Account and thenthe Repair and Replacement Account, an amount sufficient to restore the balance therein to the Reserve Account.


More Definitions of Repair and Replacement Account

Repair and Replacement Account means the separate reserve account established and funded by Tenant into which Tenant will deposit and maintain funds in accordance with Section 11.2 for the performance of Tenant Services with respect to the Project.
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Related to Repair and Replacement Account

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • 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.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Security Deposit Account has the meaning given in Section 5.1.

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

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

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

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

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

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

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

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

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Emergency Repairs means repairs to a utility facility located in or adjacent to a primary city street that must be performed immediately when the necessity arises to safeguard life or property or maintain continued operation of the facility.

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

  • Replacement Reserve As defined in Section 9.5.1.

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

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.