Creation of Funds Sample Clauses

Creation of Funds. In the Resolution, the Authority has provided for the creation of the following funds and accounts which funds shall be held by the Authority separate and apart from all other funds and moneys of the Authority and the City:
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Creation of Funds. GBRA shall establish, as needed, a Capital Projects Fund, a Debt Service Fund, a Lake XxXxxxxxx Operating Fund, and a Lake XxXxxxxxx Capital Repair and Replacement Fund, pursuant to an approved Bond Resolution or this Contract. Such funds shall be accounted for separately and apart from all other funds of GBRA. GBRA reserves the right to create additional funds pursuant to the terms of any Bond Resolution. The WCID shall establish the CRR Fund and the Hydro Fund. Such funds shall be kept separate and apart from all other funds of the WCID. The WCID reserves the right to create additional funds. The GBRA funds and WCID funds referenced above are collectively referred to hereinafter as the “Funds.”
Creation of Funds. On or before the Closing Date, the Trustee shall establish on its records the following accounts and funds (collectively referred to as the "Funds") to be maintained by the Trustee for the benefit of the Holders:
Creation of Funds. There are hereby created and established the following Funds to be held by the Trustee and maintained in accordance with the provisions of this Indenture:
Creation of Funds. The Parties hereby create the following Funds:
Creation of Funds. (a) There is hereby created and established and shall be maintained by the District the following funds:
Creation of Funds. 15.1.2.1 Within thirty (30) days after Final Approval of this Agreement, Kmart shall transfer to an interest-bearing trust account (the “Account”) the sum of thirty-six thousand (36,000) dollars (the “Named Plaintiff Fund”), and the sum of eight million (8,000,000) dollars (the “Cash Fund”) representing the cash portion of the Damages Sub-Class Fund. All interest earned on the Account between the time the Funds are deposited and the time the Funds are distributed to the Named Plaintiffs, Damages Settlement Sub- Class Named Plaintiffs, and Damages Settlement Sub-Class, less taxes owed on such interest, shall be used to pay the Named Plaintiffs, Damages Settlement Sub-Class Named Plaintiffs, and Damages Settlement Sub-Class in accordance with the provisions of this Agreement. In addition, in accordance with generally accepted accounting principles, Kmart shall establish and maintain a segregated account on its books, in the amount of five million (5,000,000) dollars (the “Gift Card Fund”) representing the Gift Card portion of the Damages Sub-Class Fund. Together, the Cash Fund and the Gift Card Fund (collectively, the “Funds”) shall be used to satisfy and settle claims of and make payments to and/or provide Gift Cards to members of the Damages Sub-Class who are determined to be “Eligible Claimants” (as that term is defined in Paragraph 15.3 herein).
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Creation of Funds. There are hereby created and established with the Escrow Agent the following special and irrevocable trust funds to be held in the custody of the Escrow Agent and designated as follows:
Creation of Funds. The Funds and accounts described in this Section are established or referred to in the General Bond Resolution and are designated as indicated. Each Fund is to be maintained in the custody of the Authority or the Trustee, as indicated, as a separate account (except when invested in Eligible Investments). The Funds and accounts are: • CFC Construction FundCFC Revenue Fund, in which there shall be the CFC Supplemental Reserve Account maintained therein before Substantial Completion • CFC Debt Service Fund, in which there shall be the CFC Interest Payment Account, the CFC Principal Payment Account and the CFC Redemption Account • CFC Debt Service Reserve Fund • CFC Debt Service Coverage Fund • CFC Administrative Costs Fund, in which there shall be the CFC Administration Account, the CFC Insurance Account and the CFC Rebate Account • CFC Renewal and Replacement Fund • CFC Common Use Busing Fund • CFC Surplus Fund, in which there shall be the CFC Supplemental Reserve Account maintained therein after Substantial Completion, and the Subordinated Obligations Debt Service Account The CFC Construction Fund shall be maintained in the custody of the Authority as a trust fund separate and distinct from all other funds of the Authority. The Authority may establish separate accounts in the CFC Construction Fund for accounting purposes. Money in the CFC Construction Fund shall be disbursed for the purposes and in accordance with the provisions of Section 5.02. If the unexpended proceeds of a prior issue of Bonds remain in the CFC Construction Fund upon the issuance of any subsequent issue of Additional Bonds, the Authority shall establish a separate account within the CFC Construction Fund, for accounting purposes, for the deposit of the proceeds of the subsequent issue of Additional Bonds in accordance with this Section. The CFC Revenue Fund shall be maintained in the custody of the Authority as a trust fund separate and distinct from all other funds of the Authority, and shall be comprised of such account or accounts (including the separate account therein to be known as the CFC Supplemental Reserve Account and maintained therein before Substantial Completion) as the Authority may establish on its books of record and account to account for the deposit of Pledged Revenues required to be deposited in the CFC Revenue Fund and the disbursement of Pledged Revenues under this CFC Master Trust Agreement. So long as any of the Bonds remain outstanding, all Pledged Revenues, ...
Creation of Funds. Notwithstanding anything contained herein to the contrary, the Trustee need not create any of the funds or accounts referenced in this Article V until such funds or accounts shall be utilized as provided in a Supplemental Indenture authorizing a Series of Bonds. By Supplemental Indenture the Authority may authorize the creation of additional funds and accounts within any funds.
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