Restricted Account of the Repair and Replacement Fund definition

Restricted Account of the Repair and Replacement Fund means the Restricted Account established within the Repair and Replacement Fund hereunder. On the Closing Date, $ of the proceeds of the Bonds shall be deposited into the Restricted Account of the Repair and Replacement Fund.
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Restricted Account of the Repair and Replacement Fund means the Restricted Account established within the Repair and Replacement Fund hereunder.
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Restricted Account of the Repair and Replacement Fund means the Restricted Account established within the Repair and Replacement Fund hereunder. On the Closing Date, $0 of the proceeds of the Bonds shall be deposited into the Restricted Account of the Repair and Replacement Fund.
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Examples of Restricted Account of the Repair and Replacement Fund in a sentence

  • The Trustee shall deposit $ of the proceeds of the Bonds on the Closing Date into the Restricted Account of the Repair and Replacement Fund.

  • Disbursements from the Restricted Account of the Repair and Replacement Fund shall be made upon the written request of the Borrower and approved in writing by the Oversight Agent solely for the purpose of funding capital improvements to the Project, including certain of the items set forth in Exhibit C to the Loan Agreement and capital improvements to the Project identified in the annual budget filed by the Borrower pursuant to the Loan Agreement, or to redeem Bonds.

  • Disbursements from the Restricted Account of the Repair and Replacement Fund shall be made upon the written request of the Borrower and approved in writing by the Oversight Agent solely for the purpose of funding capital improvements to the Project, including certain of the items set forth in Exhibit C to the Loan Agreement and capital improvements to the Project identified in the annual budget filed by the Borrower pursuant to the Loan Agreement, or to redeem Series A Bonds.

  • The fact of the matter is during the 1990s the provincial income tax was reduced from 54 percent to 47 percent of the federal tax.

  • She also requested a copy of the firm’s trial balances for the periods ending January 31, 2006, and February 28, 2006.

  • Disbursements from the Restricted Account of the Repair and Replacement Fund shall be made upon the written request of the Borrower and approved in writing by the Oversight Agent solely for the purpose of funding the design, approval, development, repair and construction of capital improvements to the Project, including certain of the items set forth in Exhibit C to the Loan Agreement and in the annual budget filed by the Borrower pursuant to the Loan Agreement, or to redeem Bonds.

  • The Trustee shall deposit $ of the proceeds of the Series A Bonds and $ of the proceeds of the Series B Bonds on the Closing Date into the Restricted Account of the Repair and Replacement Fund.

  • The Trustee shall deposit $ of the proceeds of the Series A Bonds on the Closing Date in to the Restricted Account of the Repair and Replacement Fund.

  • The Trustee shall deposit $__________ of the proceeds of the Bonds on the Closing Date into the Restricted Account of the Repair and Replacement Fund.

  • The Trustee shall deposit $0 of the proceeds of the Bonds on the Closing Date into the Restricted Account of the Repair and Replacement Fund.

Related to Restricted Account of the Repair and Replacement Fund

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

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

  • 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.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Security Deposit Account has the meaning given in Section 5.1.

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

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

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

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • 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.

  • Emergency Repairs means repairs to a utility facility located in or adjacent to a primary city street that must be performed immediately when the necessity arises to safeguard life or property or maintain continued operation of the facility.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

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

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

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Emergency repair means work necessary to prevent destruction or dilapidation to real property or structural appurtenances thereto immediately threatened or damaged by fire, flood, earthquake or other disaster.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.