Residual Fund definition

Residual Fund means the fund so designated, created and established pursuant to Section 5.02 hereof.

Residual Fund means all moneys or Shares directed to be held as part of the Residual Fund or for which no specific provision is made (other than under Clause 14) and the income (if any) arising therefrom all of which shall be held in accordance with Clause 14.

Residual Fund means the account so designated and established pursuant to Section 5.02 of the Indenture.

Examples of Residual Fund in a sentence

• Money in the Subordinated Indebtedness Fund that on the last day of each Fiscal Year is in excess of the amount then required by Section 5.06 hereof to be therein may at the direction of the Corporation either be retained therein or transferred to any other fund or account established pursuant hereto; provided, however, that if no direction has been given by the Corporation, the excess on the last day of each Fiscal Year shall be transferred by the Trustee to the Residual Fund.

• Notwithstanding anything to the contrary contained herein, NVTC may invest the amounts credited to the Residual Fund to the same extent as provided in subsection A of § 33.2-1525 of the Virginia Code for excess funds in the Transportation Trust Fund.

• In accordance with the provisions of Article V of the Indenture, amounts in the Residual Fund (“Residual Revenues”) will be paid to the holder of the Residual Certificate promptly upon the application of the Sales Tax Revenues in each month pursuant to Section 5.05 of the Indenture.

• Any value remaining in the Residual Fund shall increase eligible Settlement Class members’ relief on a pro rata basis until the Residual Fund is exhausted, unless the Parties mutually agree that a supplemental distribution is economically unfeasible.

• Any eligible crop insurance contract not specifically designated by the Company to the Residual Fund will automatically be assigned to the Commercial Fund by State.

More Definitions of Residual Fund

Residual Fund means all moneys or Ordinary Shares directed to be held as part of the Residual Fund or for

Residual Fund means the Residual Fund established by Section 7.1.

Residual Fund the meaning given to that expression by Clause 1(a)(iv) of the Trust Deed;

Residual Fund means the value of funds remaining in the Settlement Fund, less all Claimants’ Initial Claim Amounts; less Class Notice and administration costs; and less all Attorneys’ Fees and Expenses and Incentive Awards pursuant to Court Order or otherwise specified in this Agreement.

Residual Fund means the fund or account so designated, created and established pursuant to the Indenture into which the Residual Receipts are deposited.

Residual Fund means the fund so designated, created and established pursuant to the section of the Indenture described herein under the heading “Establishment of Funds and Accounts”.

Residual Fund means the fund of that name established under, and held by the Fiscal Agent pursuant to, the terms of the Fiscal Agent Agreement.