Examples of Replacement Reserve Fund in a sentence
Operations, Capital and Financing FundsThe GTAA has established an Operating and Maintenance Reserve Fund and a Renewal and Replacement Reserve Fund pursuant to the Trust Indenture.
Investment earnings on the Replacement Reserve Fund shall be retained therein and applied to the purposes of such fund.
Earnings on investments held in the Bond Proceeds Subaccount of the Project Fund (if any), the Bond Fund, the Rebate Fund and the Replacement Reserve Fund shall be retained in the respective fund or account and applied to the respective purposes thereof.
Pursuant to Section 5.02, the Trustee shall deposit monthly into the Replacement Reserve Fund from money paid to the Trustee pursuant to the Loan Agreement and Section 5.02 hereof an amount equal to one-twelfth of the Replacement Reserve Fund Requirement.
Such Operating Budget shall set forth in reasonable detail the estimated Project Revenues, Operating Expenses, and Capital Expenditures from the Replacement Reserve Fund for the Project for such Fiscal Year and the estimated investment income and estimated amounts to be deposited in and withdrawn from (and the purposes for such withdrawals) the Escrow Fund, Replacement Reserve Fund and Administrative Expense Account under the Indenture.