Renewal and Replacement Fund. The Wholesale Delivery Charge shall be paid by each Municipal Customer for each unit of water delivered to it by the District. The amount of the Wholesale Delivery Charge shall be determined by the District based upon the considerations set forth in Section 8.3.2, and shall be adjusted from time to time so that the revenues received from the Wholesale Delivery Charge, together with Other District Revenues, will ensure that the District will have sufficient moneys at all times to pay the Operation and Maintenance Costs (including the maintenance of any necessary reserves). The Wholesale Delivery Charge may have separate components for Treated Water and for Raw Water.
Renewal and Replacement Fund. If the creation of a Renewal and Replacement Fund is referenced in the SLP, School shall make the deposits into an FDIC insured bank account on a monthly basis. The monies in the Renewal and Replacement Fund shall be used by School to pay maintenance repair and replacement expenses referenced in Section 9.01(a). The amount to be paid into the Renewal and Replacement Fund shall be reviewed and adjusted annually or as deemed appropriate by School.581
Renewal and Replacement Fund. Corporation shall use commercially reasonable efforts to cause Trustee (subject to and in accordance with the provisions in the Indenture) to set aside (or Corporation, after the Bonds are no longer Outstanding, shall set aside) from Gross Operating Revenues on a monthly basis (in arrears) the Renewal and Replacement Set Aside Amount into the Renewal and Replacement Fund. Corporation shall use commercially reasonable efforts to cause Trustee to maintain as required by Section 5.02 of the Indenture (or Corporation, after the Bonds are no longer Outstanding, shall maintain) the Renewal and Replacement Fund and to invest the balance thereof in accordance with Section
Renewal and Replacement Fund. Notwithstanding the provision of Section 1.06 of the First Supplemental Indenture, as modified by Section 2.02 of the Second Supplemental Indenture, that the covenants contained therein shall continue only so long as any of the First Mortgage Bonds, 3-1/4% Series due 1975 (hereinafter sometimes called the "Bonds of the 1975 Series") shall remain outstanding, the Company hereby covenants that the covenants made by the Company in said Section 1.06, as so modified, shall also continue so long as any of the Bonds of the 2031 Series shall remain outstanding.
Renewal and Replacement Fund. Pursuant to Section 1001(9) of the Master Indenture, Section 606(C) of the Master Indenture is hereby amended in its entirety as follows:
Renewal and Replacement Fund. 5.01 Notwithstanding anything to the contrary contained elsewhere in the Indenture, cash deposited with the Trustee pursuant to 9.06 of the Original Indenture (a) shall not be used to redeem Bonds of Series AA prior to maturity, and (b) shall be retained by the Trustee and, unless withdrawn pursuant to the provisions of 9.06 of the Original Indenture, shall be applied by the Trustee to the payment of principal and accrued interest on the Bonds of Series AA at maturity.
Renewal and Replacement Fund. (a) The amounts in the Renewal and Replacement Fund shall, from time to time, be applied by the City to the payment of extraordinary Operation and Maintenance Costs, and contingencies, including the prevention or correction of any unusual loss or damage to the System to the extent not covered by the proceeds of insurance or other moneys recoverable as a result thereof.
Renewal and Replacement Fund. The Lessor shall establish or cause to be established by the Trus tee and held in trust under the Indenture a separate fund designated as the “Renewal and Replacement Fund” (the “Renewal and Replacement Fund”). As a component of Additional Rent due under this Lease Agreement, the Lessee agrees to pay to the Lessor or the Trustee, as directed by the Lessor prior to the Lease Commencement Date, an amount equal to $0.05 per Rentable Square Foot of Office Space per month as shown on Exhibit E for deposit into the Renewal and Replacement Fund. Amounts payable hereunder for deposit into the Renewal and Replacement Fund shall be due and payable at the same time and in the same manner as Base Rent. All interest earnings and income on amounts on deposit in the Renewal and Replacement Fund shall be retained therein. Amounts on deposit in the Renewal and Replacement Fund shall be applied by the Lessor to fund the repair, refurbishment or replacement of the Premises not otherwise funded from any other sources pursuant to this Lease Agreement. The Lessor shall notify the Lessee in writing of any proposed disbursement or application of amounts on deposit in the Renewal and Replacement Fund and obtain the Lessee’s written consent to such disbursement or application, which consent shall not be unreasonably delayed, conditioned or withheld by the Lessee. If the Lessee fails to deliver a written disapproval of such proposed disbursement or application of funds in the Renewal and Replacement Fund within thirty (30) days of the Lessor’s delivery of notice to the Lessee outlining the Lessee’s basis for such disapproval, then the disbursement or application of such funds shall be deemed to be approved by the Lessee. In addition to the above uses of the amounts on deposit in the Renewal and Replacement Fund, the Lessor and the Lessee hereby agree that such amounts may be applied to pay any deficiency in amounts available to pay Property Taxes, Utility Costs and Insurance Premiums, as provided in Section 5(c)(i) to the extent sufficient amounts are on deposit in the Renewal and Replacement Fund. No additional amounts may be withdrawn from the Renewal and Replacement Fund for Property Taxes, Utility Costs and Insurance Premiums until all previous withdrawals have been replenished as provided for in Section 5(c)(i). The Lessor and the Lessee further agree that the Lessor may apply amounts on deposit in the Renewal and Replacement Fund to the payment of any insurance deductible requ...
Renewal and Replacement Fund. The Renewal and Replacement Fund represents the annual funds budgeted by the Village in a separate and segregated account for the purpose of accruing funds for the Renewal and Replacement of major Equipment and components of the Wastewater Facilities. The detailed annual Renewal and Replacement Schedule attached to this Agreement as Appendix 11 identifies the replacement cost and year for each major Equipment and component of the Wastewater Facilities, including Equipment, systems, and structures during the Term of the Agreement. The Renewal and Replacement Fund is intended to accrue reserves dedicated to fund the Renewal and Replacement Schedule included as Appendix 11.
Renewal and Replacement Fund. The Association shall provide for a Renewal and Replacement Fund, which shall be used to reimburse Highway Maintenance Costs of the Southern Connector as and to the extent provided in the License Agreement and the Master Trust Indenture. The Association shall fund the Renewal and Replacement Fund as set forth in the Master Trust Indenture.
