Revenue Trust Account definition

Revenue Trust Account means the account established by the Trustees at the Institution pursuant to the Trust Agreement;
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Revenue Trust Account has the meaning ascribed thereto in the model trust agreement annexed as Schedule 5;
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Revenue Trust Account. The portion of the Trust Property from time to time on deposit in the Revenue Trust Account, (which includes, for greater certainty, those funds invested in Investment Instruments purchased utilizing funds from the Revenue Trust Account and all accrued interest thereon), shall be utilized by the Trustees only for: (i) distribution of all or any portion thereof to the Band Account, subject to and in accordance with the provisions of subsection 6.01(b) hereof; (ii) payment of Authorized Expenses; and (iii) the purchase of Authorized Investments, subject to and in accordance with the provisions of Article 10 hereof.
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Examples of Revenue Trust Account in a sentence

  • The Budget for the 2017/18 (Year 3) Annual Monitoring Program consists of funding from the MWMT Revenue Trust Account, as well as in kind support from others.

  • A comprehensive list of these stakeholders was developed focusing on the three levels of the project stakeholders which are national, sectoral and with a particular focus on the local level stakeholders including municipalities with highest vulnerabilities and Syrian refugees.

  • The Budget for the 2019/20 (Year 5) Annual Monitoring Program consists of funding from the MWMT Revenue Trust Account and external agencies (Ministry of Environment).

  • The Budget for the 2018/19 (Year 4) Annual Monitoring Program consists of funding from the MWMT Revenue Trust Account.

  • The Corporation has been equally consistent in taking the position that the Trust Property held in the Trust Account and the Revenue Trust Account located at the PHT is held as a purpose trust, thereby making it a deposit to which the $100,000.00 limit of coverage applies.

  • Funding for the 2020 Annual Monitoring Program is provided by the MWMT Revenue Trust Account and external agencies (i.e., ENV) The budget provided below in Table 1 is based on high end projections for the field work and some programs may cost less.Table 1.

  • Notwithstanding the foregoing, to the extent any of the foregoing costs or expenditures have been paid by a Band from its Revenue Trust Account or with other monies not drawn on, or to be reimbursed from, its Trust Account, then such costs and expenditures shall be deemed, for the purposes of section 4.03 and the Trust Agreement, not to have been spent for the Purchase of Land, Minerals and Improvements.

  • Revenues generated as a result of the use of surface land, such as rental, are Indian monies to be credited to the First Nation Revenue Trust Account.

  • Secured Revenue Trust AccountUnder the terms of a Secured Revenue Trust Account Management Agreement with First Nations Finance Authority, a minimum debt service coverage ratio must be maintained with interest calculated monthly at 0.7%.

  • The resolution created two trust accounts within the Industrial Park Urban Renewal Area Tax Revenue Fund, identified as the Industrial Development Tax Increment Revenue Trust Account and the Riverfront Improvement Tax Increment Revenue Trust Account.


More Definitions of Revenue Trust Account

Revenue Trust Account. The Trustees are hereby authorized and empowered to carry out the trust in respect of the transfer of Trust Property from the Revenue Trust Account to the Band Account as set forth in subparagraph 3.01(b)(i) and the procedures to be followed by the Trustees for distribution of money shall be as follows: (i) at any time, monies on deposit in the Revenue Trust Account may be disbursed to the Band Account, upon receipt by the Trustees of a Band Council Resolution to such effect. The Trustees shall disburse monies on deposit in the Revenue Trust Account to the Band Account by means of a Revenue Trust Account Transfer Direction executed in the manner set forth in subsection 7.01(f). The Band agrees that all monies so disbursed to the Band Account shall be utilized by the Band for the benefit of the Members of the Band; and (ii) in this subsection 6.01(b) only, "benefit of the Members of the Band" means socio-economic benefits which are intended to accrue to Members of the Band and which are associated with any (or all) of the following: (A) Band Development; (B) agriculture; (C) recreation and culture; (D) education.
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Related to Revenue Trust Account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • 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.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Payahead Account means the account or accounts designated as such and established and maintained pursuant to Section 5.01.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Investment Account As defined in Section 3.12(a).

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.