Repair fund definition

Repair fund means the grade crossing surface repair fund established in Iowa Code section 327G.29 and administered by the department.
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Repair fund and the account in which such amounts are held shall hereinafter be referred to as Borrower's "Required Repair Account".
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Repair fund. L/C" - 4.2.3 "Replacement Budget" - 6.9.5 "Replacement Reserve Fund" - 4.4.1 "Required Repair Fund" - 4.2.1 "Required Repairs" - 4.2.1 "Responsible Officer" - 11.2.1 "Restoration" - 8.4.1 "Rollover Reserve Fund" - 4.5.1 "Securities" - 10.1.1 "Securities Act" - 10.1.2 "Secondary Market Transaction" - 10.1.1 "Special Purpose Bankruptcy Remote Entity" - 6.15 "Subaccounts" - 4.1 "Tax and Insurance Escrow Fund": - 4.3 "Undelivered Documents" - 5.1.36 "Underwriter Group" - 10.1.3 "Underwriters" - 9.1.3 "Unpaid Balance" - 8.4.2
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Examples of Repair fund in a sentence

  • Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any).

  • It shall be an Event of Default under this Agreement if Borrower does not either (i) does not deposit with Lender the Required Repair Fund as set forth above, or (ii) complete the Required Repairs at the Property within nine (9) months from the Closing Date.

  • Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to an Individual Property or for costs which are to be reimbursed from the Required Repair Fund.

  • Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund or Rollover Reserve Fund.

  • Amounts so deposited with Lender (the "Required Repair Fund") shall be held by Lender in an account (the "Required Repair Account") in Lender's name at a financial institution selected by Lender in its sole discretion and shall be invested in Permitted Investments.

  • Borrower hereby pledges, assigns and grants a security interest to Lender, as security for payment of all sums due in respect of the Loan and the performance of all other terms, conditions and covenants of the Loan Documents and this Agreement on Borrower's part to be paid and performed, all of Borrower's right, title and interest in and to the Required Repair Fund and the Required Repair Account.

  • Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property, replacements of inventory or for costs which are to be reimbursed from the Required Repair Fund.

  • Borrower shall not, without obtaining the prior written consent of Lender, further pledge, assign or grant any security interest in the Required Repair Fund or the Required Repair Account or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-l Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

  • Amounts so deposited shall hereinafter be referred to as Borrower's "Required Repair Fund" and the account in which such amounts are held shall hereinafter be referred to as Borrower's "Required Repair Account".

  • It shall be an Event of Default under this Agreement if Borrower does not either (i) deposit with Lender the Required Repair Fund as set forth above, or (ii) complete the Required Repairs at the Property within nine (9) months from the Closing Date.


More Definitions of Repair fund

Repair fund means the $200,000 from the proceeds of the sale of the Debtor’s ground lease and related sub-leases that was reserved for payment of repair costs pursuant to a global stipulation between the Trustee, New York Community Bank and East Forty-Fourth Street L.L.C. which stipulation was approved by Order of the Bankruptcy Court dated August 9, 2007.
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Related to Repair fund

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

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

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

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

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

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

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

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

  • Contingency Fund means a monetary amount that continues month to month, if approved by a case manager, that is set aside in the Independent Choices Program service budget to purchase identified items that substitute for personal assistance.

  • 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.

  • 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.

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

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

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

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

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

  • Replacement Reserve As defined in Section 9.5.1.

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

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

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

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Expense Fund has the meaning set forth in Section 10.20(d).

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

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.