Reserve and Contingency Fund definition

Reserve and Contingency Fund means the fund, if any, established pursuant to Section 20.
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Reserve and Contingency Fund means the Project Reserve and Contingency Fund created by Section 5.4.
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Reserve and Contingency Fund means the fund or funds created under the Project bond resolutions including the Rocky Reach Resolutions 1860 and 4198, and the Rock Island Resolutions 1137, 3443, 4950 and 97-10671, 97-10672 and any successor resolutions adopted. As long as bonds remain outstanding under such resolutions, deposit requirements into the appropriate Reserve and Contingency Fund may be made from the Capital Recovery Fund and/or the Debt Reduction Fund and from Purchaser’s payments made in respect of Financing Costs allocated to that purpose under Schedule A-1. Required and authorized uses of the Reserve and Contingency Funds shall be made in accordance with the appropriate Project bond resolution or, after the retirement of such bonds, for any other lawful Project purpose not inconsistent with the provisions of this Agreement.
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Examples of Reserve and Contingency Fund in a sentence

  • Amounts on deposit in the Reserve and Contingency Fund may be used to pay or provide reserves for unusual or extraordinary Operation and Maintenance Costs, renewals, repairs, replacements, additions or betterments of or to any items included in the Project, the cost of any Additional Facilities or the cost of or reserves for the retirement, decommissioning and termination of the Initial Facilities and any Additional Facilities that will not be paid from the Decommissioning Fund.

  • From time to time, as a part of and subject to the budget process set forth in Section 18.7.2, District may, if experience reasonably indicates, increase or decrease the Initial Amount and in the event of an increase in the Initial Amount, provide for necessary additional payments by City during the next ensuing Domestic Water Year so as to increase the balance in the Reserve and Contingency Fund.

  • Funds received monthly by District by payments from City pursuant to this Section 12.1.4 shall be applied first to interest and then to the replenishment of the Reserve and Contingency Fund.

  • In the event of a decrease in the Initial Amount, the excess balance in the Reserve and Contingency Fund shall be credited against payments due from City during the next Domestic Water Year.

  • The amount to be initially deposited to the Reserve and Contingency Fund pursuant to Section 12.1 and thereafter the amount currently required to be maintained in the Reserve and Contingency Fund pursuant to Section 12.1.3.

  • The amount of advances by District to the Reserve and Contingency Fund while outstanding shall bear interest at District Interest Rate.

  • District shall submit to the Technical Committee no less often than quarterly a report setting forth the current balance of the Reserve and Contingency Fund, income and expenditures from the Fund, and anticipated expenditures, if any during the remainder of the year.

  • District shall continue to maintain a Reserve and Contingency Fund.

  • Funds in the Reserve and Contingency Fund shall be invested by District and actual interest earned on the funds shall be credited to the Reserve and Contingency Fund.

  • If the balance in the Reserve and Contingency Fund shall fall below the Initial Amount as of the end of any Year, then the amount of the shortfall shall be added to the amount to be paid by City pursuant to Section 15 during the next ensuing Domestic Water Year.


More Definitions of Reserve and Contingency Fund

Reserve and Contingency Fund means the fund, if any, established pursuant to Section 708.
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Related to Reserve and Contingency Fund

  • 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.

  • Contingency reserve means the reserve established for the protection of policyholders against the effect of losses result- ing from adverse economic cycles.

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • 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.

  • Capital Reserve Fund means the reserve fund created and established by the Authority in