Supplemental Fund definition
Examples of Supplemental Fund in a sentence
All income and gain realized from investment of funds deposited in the Adjustable Rate Supplemental Fund, which investment shall be made solely upon the written direction of the Depositor, shall be for the sole and exclusive benefit of the Depositor and shall be remitted by the Trustee to the Depositor within one Business Day after the termination of the Adjustable Rate Supplemental Fund.
At no time will the Adjustable Rate Supplemental Fund be an asset of any REMIC created hereunder.
For federal income tax purposes, the Depositor shall be the owner of the Adjustable Rate Supplemental Fund and shall report all items of income, deduction, gain or loss arising therefrom.
The Adjustable Rate Supplemental Fund shall be an Eligible Account or a sub-account of an Eligible Account.
The Depositor shall deposit in the Adjustable Rate Supplemental Fund the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss, without any right of reimbursement therefor.
On each future Distribution Date, all amounts on deposit in the Adjustable Rate Supplemental Fund as set forth in the preceding sentence will be distributed to the Depositor or its designee.
The Employer will contribute into the Employee Health Care Supplemental Fund as a single one time payment one hundred percent (100%) of the savings for the same group of employees for the fiscal period in which the Joint Union/Management Benefit Review Committee changes are implemented.
The Employer will contribute as a single time payment into the Employee Health Care Supplemental Fund one hundred percent (100%) of the savings calculated for the period September 1, 2005 to August 31, 2006 within thirty (30) days of the final savings calculation once we have received the required reports from our Health and Dental Carrier.
On the Distribution Date on which the aggregate of the amounts replenished to the Adjustable Rate Supplemental Fund equals $25,000 with respect to each Loan Group, all amounts then on deposit in the Adjustable Rate Supplemental Fund will be distributed to the Depositor or its designee (as set forth in the preceding sentence), and following such distributions the Adjustable Rate Supplemental Fund will be terminated.
These funds are the HUCTW Childcare Fellowship, HUCTW Education Fund, Joint Activity and Training Fund, Transportation Fund, Joint Work Security Committee funding, and a Supplemental Fund.