Examples of Revenue Bond Account in a sentence
Enter into a shorter or time limited Agreement.Probation and the use of these identified measures are considered serious by the Region and should not be a regular occurrence.
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.
The Remuneration Committee (“RC”) is headed by the Chairman, who is an Independent Non-Executive Director.
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.
The investment of the moneys on deposit in the Revenue Bond Account is further restricted by the provisions of Section 6.01 hereof.