Surplus Account definition

Surplus Account has the meaning assigned to it in Section 3.02(a).

Surplus Account means the Account by that name created and established by Section 4.1 hereof.

Surplus Account means the account by that name ratified and confirmed by Section 501

Examples of Surplus Account in a sentence

• From the amount then remaining on deposit in the Special Tax Fund (including the amount on deposit in the Surplus Account), the Fiscal Agent shall, as soon as such amount is sufficient, deposit in the Reserve Fund the amount, in addition to the amount transferred to the Bond Fund described above, necessary to replenish any draw on the Reserve Fund.

• The Bond is a special obligation of the City and the District and is payable solely from and secured solely by the Special Tax Revenues and the amounts in the Bond Fund, the Reserve Fund and the Special Tax Fund, including the Surplus Account.

• On or before May 30 of each year, commencing on May 30, 2020, the Fiscal Agent shall notify the City of the amount which is then on deposit in the Surplus Account and the Reserve Fund, and of the aggregate amount of the principal of and interest on the Bond which will become due and payable on March 1 and September 1 of the following calendar year.

• On or within five (5) Business Days of June 15 of each year, the Fiscal Agent shall provide the City with a notice stating the amount then on deposit in the Special Tax Fund (including the Surplus Account therein), the Bond Fund and the Reserve Fund.

• Annually, not later than the last day of each Fiscal Year, the Fiscal Agent shall withdraw any amount then remaining in the Administrative Expense Fund that has not been allocated by an Officer’s Certificate received by the Fiscal Agent from the City to pay Administrative Expenses which are expected to be incurred in the succeeding Fiscal Year prior to the receipt by the City of Special Tax Revenues for such succeeding Fiscal Year and transfer such amount to the Surplus Account.

More Definitions of Surplus Account

Surplus Account means the fund or account created or ratified in Section 401.

Surplus Account means the account created in the Water System Fund pursuant to Section 7.08 of the Original Resolution.

Surplus Account means the account within the Fund established pursuant to Sections

Surplus Account means the sub-account of the Trust and Retention Account designated as the ‘Surplus Account’ under the Trust and Retention Account Agreement.

Surplus Account means the account in the Sanitary Sewerage System Fund pursuant to Section 7.08 of the Original Resolution.

Surplus Account means the fund or account created or ratified and confirmed by Section 401.

Surplus Account means the Account by that name established in the Special Tax Fund by Section 3.03 (A) hereof.