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.


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 Reserve means a reserve established for the protection of policyholders covered by policies insuring munici- pal bonds against the effect of excessive losses occurring during adverse economic cycles.

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

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

  • 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.

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