Road Maintenance Account definition

Road Maintenance Account means the Project Implementing Entity’s account, established and operated pursuant to the Project Implementing Entity’s Legislation, serving to finance road maintenance.
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Road Maintenance Account means the account referred to in Section 3.05 of this Agreement and to be opened in accordance with Section 6.01 (c) of this Agreement; and
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Road Maintenance Account means the account reflected in CUD’s budget for the maintenance of the Urban Roads Network (as defined hereinafter), referred to in Section 4.02 of this Agreement;
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Examples of Road Maintenance Account in a sentence

  • The Bid Security shall be at the option of the bidder can be in the form of Bank Draft OR Pay Order in favour of NHA Road Maintenance Account 1230-1 maintained with UBL RDF G-9/1 Islamabad, or a Bank Guarantee issued by a scheduled Bank in Pakistan in favor of the “Road Maintenance Account, National Highway Authority, Islamabad ”valid for a period of twenty eight (28) days beyond the bid validity period of 182 days after the date of bid opening.

  • NHA Designated Bank Account is “National Highway Authority Road Maintenance Account 1230-1 is maintained with UBL RDF G-9/1 Islamabad” 6.2 Currencies of Payment All deposits/payment due under the contract shall be made in Pakistani rupees.

  • The Bid Security shall be, at the option of the bidder, in the form of Bank Draft or a Pay Order issued by a Scheduled Bank in Pakistan acceptable to the Employer in favor of the “National Highway Authority, Road Maintenance Account, Islamabad” valid for a period twenty-eight (28) days beyond the bid validity date.

  • The Rental Security should be in form of Pay order/Demand Draft in favor of the “National Highway Authority, Road Maintenance Account, Islamabad”.

  • The Operator shall deposit applicable taxes, over and above the net guaranteed rentals, in advance in the form of Pay order/Demand Draft in favor of the “National Highway Authority, Road Maintenance Account, Islamabad.

  • The Employer has arranged funds from its own sources i.e. RMA (Road Maintenance Account).

  • The Employer is funding the project through funds available under Road Maintenance Account (RMA) of National Highway Authority.

  • The Bid Security shall be at the option of the bidder can be in the form of Bank Draft, Pay Order in favour of NHA Road Maintenance Account 1230-1 maintained with UBL RDF G-9/1 Islamabad, or a Bank Guarantee issued by a scheduled Bank in Pakistan in favor of the “Road Maintenance Account, National Highway Authority, Islamabad” valid for a period of twenty eight (28) days beyond the bid validity period after the date of bid opening.

  • As security for monthly revenue deposits, the OMC shall furnish to NHA, within a period of fourteen (14) days after the receipt of letter of acceptance, a cash security in the shape of Cash/Pay Order or Demand Draft in favour of NHA Road Maintenance Account 1230-1 UBL RDF Centre G-9/1 Islamabad in an amount as stated in Bid Data Sheet to indemnify NHA against any loss resulting from OMC’s failure to fulfill the requirements of providing precise and prompt net guaranteed revenue deposits.

  • The Rental Security should be in form of Pay order in favor of the “National Highway Authority, Road Maintenance Account, Islamabad”.

Related to Road Maintenance Account

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

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

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

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

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

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

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

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

  • Compliance account means a NOx allowance tracking system account, established by the U.S. EPA for a NOx budget unit under section 10 of this rule, in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for an ozone control period for the purpose of meeting the unit’s NOx budget emissions limitation.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

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

  • 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 [*];

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Yield Maintenance Agreement The yield maintenance agreement between the Trustee, on behalf of the Trust, and the Counterparty, which will be primarily for the benefit of the Class 1-A-2 Certificates, substantially in the form attached hereto as Exhibit Q. The Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.

  • 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.