Other Funds and Accounts Sample Clauses

Other Funds and Accounts. 63 Section 5.15 Disposition of Balances in Funds after Payment of Indebtedness 63 ARTICLE VI INVESTMENT OF FUNDS 63 Section 6.01 Investment of Funds. 63 ARTICLE VII PARTICULAR COVENANTS 66 Section 7.01 Rate Covenant 66 Section 7.02 Annual Budget and Disbursement Schedule 67 Section 7.03 Payment of Principal, Interest and Premium; Pledge of Authority Revenues. 69 Section 7.04 Construction of Improvements. 69 Section 7.05 Maintenance of the Systems. 69 Section 7.06 Payment of Lawful Charges. 70 Section 7.07 Retention of Consulting Engineer and Other Consultants. 70 Section 7.08 Insurance 71 Section 7.09 Insurance Policies. 72 Section 7.10 Protection of Security; No Impairment 73 Section 7.11 Accounts and Records. 73 Section 7.12 No Sale, Lease, or Encumbrances; Exceptions. 74
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Other Funds and Accounts. In each Supplemental Agreement the Authority may establish such other funds and Accounts within funds as the Authority may determine.
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Other Funds and Accounts. The Extraordinary Expense Fund is expected to be used to pay fees and expenses incurred by the City in complying with tax and securities laws related to the Bonds, and therefore, amounts held therein are not pledged or committed in a manner that provides a reasonable assurance that such funds would be available for payment of the principal of or interest on the Bonds if the City encounters financial difficulty.
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Other Funds and Accounts. The Trustee will establish the following special funds and accounts, will keep the same separate and apart from all other funds and moneys held by it, and will hold and administer the same as provided herein:
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Other Funds and Accounts. Money in the Revenue Fund will be entirely distributed to other funds, and money in the Operation and Maintenance Account, the Depreciation and Replacement Account and the Surplus Account will be used to operate and maintain the City’s combined waterworks and sewerage system (the “System”), to replace and repair depreciated or obsolete System facilities and to otherwise improve the System. Therefore, amounts held in these funds and accounts are not pledged or committed in a manner that provides a reasonable assurance that such funds would be available for payment of the principal of or interest on the Bonds if the City encounters financial difficulty.
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Other Funds and Accounts. Money other than sale proceeds or Investment proceeds of the Bonds on deposit in the Revenue Fund, Operation and Maintenance Account, Depreciation and Replacement Account and Surplus Account may be invested without Yield restriction.
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Related to Other Funds and Accounts

  • Funds and Accounts Section 7.1. Authorization to Create Funds and Accounts 20 Section 7.2. Investment of Funds 20 Section 7.3. Establishment of Funds 21 Section 7.4. Funding Loan Payment Fund 21 Section 7.5. Expense Fund 22 Section 7.6. Closing Costs 22 Section 7.7. Project Fund 22 Section 7.8. Rebate Fund 24

  • Books and Accounts (a) The General Partner shall cause the Partnership to keep and maintain at its principal executive office full and complete books and records which shall include each of the following:

  • Loan Account and Accounting Agent shall maintain a loan account (the "Loan Account") on its books to record: all Advances, all payments made by Borrower, and all other debits and credits as provided in this Agreement with respect to the Loans or any other Obligations. All entries in the Loan Account shall be made in accordance with Agent's customary accounting practices as in effect from time to time. The balance in the Loan Account, as recorded on Agent's most recent printout or other written statement, shall, absent manifest error, be presumptive evidence of the amounts due and owing to Agent and Lenders by Borrower; provided, that any failure to so record or any error in so recording shall not limit or otherwise affect Borrower's duty to pay the Obligations. Agent shall render to Borrower a monthly accounting of transactions with respect to the Loans setting forth the balance of the Loan Account for the immediately preceding month. Unless Borrower notifies Agent in writing of any objection to any such accounting (specifically describing the basis for such objection), within 30 days after the date thereof, each and every such accounting shall (absent manifest error) be deemed final, binding and conclusive on Borrower in all respects as to all matters reflected therein. Only those items expressly objected to in such notice shall be deemed to be disputed by Borrower. Notwithstanding any provision herein contained to the contrary, any Lender may elect (which election may be revoked) to dispense with the issuance of Notes to that Lender and may rely on the Loan Account as evidence of the amount of Obligations from time to time owing to it.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Records and Accounts The Trustee shall maintain accurate and detailed records and accounts of all transactions of the Trust, which shall be available at all reasonable times for inspection by any legally entitled person or entity to the extent required by applicable law, or any other person determined by the Committee.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

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