Replacement Fund means a mutual fund managed or sponsored by the Fund Investment Manager, as further described under “Description of the Deposit Notes – Extraordinary Events”.
Replacement Fund means a mutual fund managed or sponsored by the Investment Manager or any affiliate, as further described under “Description of the Deposit Notes – Extraordinary Events”;
Replacement Fund means expenditures for obtaining and installing equipment, accessories, and appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.
Examples of Replacement Fund in a sentence
OS&E items are referred to in ATTACHMENT C of this Lease and are not eligible to be purchased through the Maintenance, Repair, and Replacement Fund.
Establishment and Handling of Maintenance, Repair and Replacement Fund (“MR&R Fund).
More Definitions of Replacement Fund
Replacement Fund means a fund determined and selected by the Calculation Agent to replace the Fund following a Substitution Event in accordance with Condition 14(C), which fund, in the reasonable opinion of the Calculation Agent, has a similar profile to the Fund;
Replacement Fund means the Replacement and Improvement Fund established pursuant to Section 14(f) of this Resolution.
Replacement Fund means, with respect to the Iberica Fund, a fund, investment vehicle, partnership, joint venture or similar arrangement (or any combination of the foregoing) (collectively, an “Investment Vehicle”) with the following characteristics: (i) the Investment Vehicle has a term of not less than five (5) years from the Rebate Date, and (ii) the limited partners (or other investors) in the Investment Vehicle held fifty percent (50%) or more of the limited partners’ (or other investors’) commitments or interests in the Iberica Fund and (iii) the product of (x) the time-weighted average annualized net contractual management fee revenues of such Replacement Fund at the time of the Successful Extension (calculated based on the applicable fee basis (i.e. the net asset value or the gross asset value, as applicable), as of the then most recent fiscal quarter end, but, in the case of a Replacement Fund that includes assets that are not originating from the Iberica Fund, disregarding any part of the net asset value existing or contributed other than from the Iberica Fund) and (y) 1 minus the percentage (expressed as a decimal) of aggregate equity commitments of such Replacement Fund that is subject to outstanding commitments for guaranteed redemptions, to the extent the same are not offset by binding new capital commitments, equals at least 67% of the aggregate Reference Annualized Management Fees payable under the Iberica Fund;”
Replacement Fund means a mutual fund managed or sponsored by the Investment Manager or an affiliate, as further described under “Note Program - Extraordinary Events”;
Replacement Fund means, in relation to a Fund, the fund selected by the Issuer or the Calculation Agent on its behalf to replace that Fund in accordance with clause 4(h)(ii). Such Replacement Fund will have a similar risk profile as the Fund replaced, as determined by the Issuer or the Calculation Agent on its behalf;
Replacement Fund means a distinct and segregated account maintained by the Authority, from which any extraordinary costs of repairs or replacements to the System shall be paid by the Authority.]
Replacement Fund means a fund to which moneys are deposited which are collected for the purpose of replacement as defined in Section 42 above. The moneys deposited in this fund and any interest earned thereon shall be used solely for the purpose of replacement.