Examples of Service Account in a sentence
Maintenance of the Nonprofit School Food Service Account – Revenues and expenses are in accordance with Federal regulation, expenses are necessary, reasonable, and allocable and used only for the operation and improvement of the school food service.
Moneys held for the credit of a Series Reserve Account shall be used for the purpose of paying interest or principal or Amortization Installment or Maturity Amount on the Bonds of the related Series whenever amounts on deposit in the Series Debt Service Account shall be insufficient for such purpose.
Levy and Collection of Annual Tax; Transfer to Debt Service Account.
A "Full Service Account" is an account maintained by FTIS for a Fund shareholder of record.
If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency shall be promptly paid out of any other funds of the City which are available for such purpose, and such other funds may be reimbursed with or without interest from the Debt Service Account when a sufficient balance is available therein.