Administration Fund definition
Examples of Administration Fund in a sentence
No amount shall be charged against the Administration Fund except as expressly provided in this Article IV and Section 6.05 hereof.
On or before each Interest Payment Date, any Investment Income on amounts on deposit in the Administration Fund not needed to pay the foregoing amounts shall be credited by the Fiscal Agent to the Revenue Fund.
In the event that the amounts on deposit in the Administration Fund are not equal to the amounts payable from the Administration Fund as provided in the preceding paragraph on any date on which such amounts are due and payable, the Fiscal Agent shall give notice to the Borrower and the Servicer of such deficiency and of the amount of such deficiency and request payment within two (2) Business Days to the Fiscal Agent of the amount of such deficiency.
A representative of CLR so designated may inspect, upon appointment, the receipts and records of the Union related to the Contract Administration Fund.
In accordance with Article 10.200, the Employer and all Sub-Contractors to this Agreement shall pay ten ($0.10) cents per hour worked into the Administration Fund of the National Maintenance Council for Canada.