Revenue Bond Account definition

Revenue Bond Account means the account within the Fund established pursuant to Sections 11.1 and 11.4.

Revenue Bond Account means the account of that name in the Revenue Fund established pursuant to Section 5.02 hereof.

Revenue Bond Account means the Revenue Bond Account created by the First Lien Bond Ordinance.

Examples of Revenue Bond Account in a sentence

• The Finance Officer shall ascertain monthly the amount on deposit in the Revenue Bond Account.

• Funds will be transferred from the Reserve Revenue Bond Reserve Account to the Reserve Revenue Bond Account at any time the balance on hand in the Reserve Revenue Bond Account is insufficient to meet current requirements for payment of principal and interest on the Bonds payable therefrom.

• If the amount on deposit therein ever exceeds by more than $100,000 the aggregate amount of principal and interest due and payable from the Revenue Bond Account within 13 months thereafter, such excess shall either (1) not be invested except at a yield equal to or less than the yield borne by the Bond, or (2) be used to prepay and redeem principal installments of the Bond.

• To the Reserve Revenue Bond Account shall be credited all proceeds of reserve revenue bonds issued for the purpose of paying any temporary obligations issued and made payable therefrom, except such amounts as may be required to be placed in the Reserve Revenue Bond Reserve Account.

• Money from time to time held in the Revenue Bond Account shall be disbursed only to meet payments of principal of, premium, if any, and interest on the Bonds payable therefrom as such payments become due.

More Definitions of Revenue Bond Account

Revenue Bond Account means the account created in the Storm Water System Fund pursuant to Sections 11.1 and 11.4 of the Original Resolution.

Revenue Bond Account means the account created in the Water Service Fund pursuant to Section 5.3 of this Amended and Restated Resolution.

Revenue Bond Account means the Revenue Bond Account described in Section 5.2.

Revenue Bond Account means the account created in the Sewer System Fund established pursuant to Sections 6.1 and 6.4 of the Original Resolution.

Revenue Bond Account means the account created in the Sewer System Fund pursuant to Section 3.04 of the Ordinance.

Revenue Bond Account means the account created in the Water System Fund pursuant to Section 5.3 of the Amended and Restated Resolution.

Revenue Bond Account means the account created in the Water System Fund pursuant to Section 6.03 of the Resolution.