Supplemental Reserve Fund definition

Supplemental Reserve Fund means the fund by that name established by the provisions of Section 4.01 hereof to be administered by the Lender in the manner and for the purposes set forth in Section 4.05 hereof.

Supplemental Reserve Fund means the Supplemental Reserve Fund, if any, established in the Indenture.

Supplemental Reserve Fund means the Fund established pursuant to Section 6.01 and described in Section 6.06.

Examples of Supplemental Reserve Fund in a sentence

• To the extent required by the underwriter of the District Bonds based on market conditions, the District Bond Documents may establish a supplemental reserve fund (the “ Supplemental Reserve Fund”) and provide that any excess Pledged Revenue shall be deposited into the Supplemental Reserve Fund to be maintained in an amount that is not more than 10% of the original aggregate principal amount of the District Bonds.

• The District Bond Trustee shall keep a record of the sources of the Pledged Revenue that are used to fund and maintain the Supplemental Reserve Fund, if any.

• Moneys shall be transferred to the Loan Payment Fund first, from the Supplemental Reserve Fund, prior to any transfers thereto from the Reserve Fund.

• Upon termination of the Supplemental Reserve Fund, the moneys on deposit in the Supplemental Reserve Fund shall be remitted by the District Bond Trustee based on the source of Pledged Revenues used to fund and maintain the Supplemental Reserve Fund in accordance with the provisions set forth in subparagraph (b)(ii) above.

• As of September 30, 2005 there was $1,989,680 in a Supplemental Reserve Fund Solely for the payment of principal of and interest on the Junior Bonds.

• In Fiscal Year 2006, these funds were transferred to the Debt Service Fund for the Junior Bonds leaving no balance in the Supplemental Reserve Fund.

• Restricted Investments Investments set aside in the Reserve Fund, Supplemental Reserve Fund, Major Maintenance Reserve Fund, and Operating Reserve Fund are pursuant to terms of the 2003 Indenture for the $195,265,000 Toll Road Revenue Refunding Bonds and their use is limited by applicable debt covenants.

• In the event that Add-On PIF Revenues are used to fund or maintain the Supplemental Reserve Fund and are released after full payment of the District Bonds, excess Add-On PIF Revenues shall be remitted to the District for deposit in the Foothills Mall Fund.

• Borrower covenants that it shall not present a request to the Lender pursuant to this Section 4.05(c)(ii) for a transfer of moneys from the Supplemental Reserve Fund to the Subordinate Obligations Fund unless it has Permitted Subordinate Debt outstanding at the time of such request.

• In the event that moneys in the Supplemental Reserve Fund, together with moneys then on deposit in the Loan Payment Fund, are insufficient for such purpose, the Lender is to nonetheless transfer all moneys in the Supplemental Reserve Fund to the Loan Payment Fund for the purpose of making partial payments in the order of priority provided in Section 4.03(d) hereof.

More Definitions of Supplemental Reserve Fund

Supplemental Reserve Fund means that certain fund created

Supplemental Reserve Fund means that certain fund created to provide

Supplemental Reserve Fund means the special fund designated as the “City and County of Broomfield, Colorado, Water Activity Enterprise Water Revenue Bonds, Series 2021, Supplemental Reserve Fund” created pursuant to Section 507 hereof, if such an account is required as specified in the Sale Certificate. Any Supplemental Reserve Fund shall secure only the principal and interest on the Bonds.

Supplemental Reserve Fund means the fund of that name created pursuant to Section 5.01 hereof

Supplemental Reserve Fund means the fund created and so designated by Section 4.13.