Bond Reserve Fund definition

Bond Reserve Fund means the special fund that may be established by the board pursuant to this article, which must be in the custody of the State Treasurer or a corporate trust department of a financial institution selected by the State Treasurer and which is established primarily for the purpose of providing a reserve with which to meet the payment of the principal of and interest on bonds if payments otherwise required from the debt service fund are insufficient to meet the payment of the principal and interest as and when they are due and payable.

Bond Reserve Fund means each special fund to be established which shall be in the custody of the State Treasurer and which is primarily established for the purpose of providing a reserve with which to meet the payment of the principal of and interest on bonds issued for any college in the event that payments otherwise required for the debt service fund shall be insufficient to meet the payment of such principal and interest as and when they become due and payable. Moneys in the bond reserve fund may also be used to pay costs of plant improvements for such college in accordance with the provisions of Section 59‑53‑164 of this article.

Bond Reserve Fund means the fund by that name established pursuant to Section 5.05 of the Indenture.

Examples of Bond Reserve Fund in a sentence

• Investment earnings allocable to each Series Interest Reserve Account will be deposited into the corresponding Series General Receipts Subaccount upon receipt.Bond Reserve FundThe General Indenture creates a Bond Reserve Fund and directs the Trustee to establish a Series Bond Reserve Account therein for each Series of Bonds.

• In accordance with the original trust indenture, the Funds were held in a Bond Reserve Fund and an Escrow Fund.

• This information must be provided via TRON.tdi at the following address: https://tron.trade.ec.europa.eu/tron/tdi/form/0492f690-67d2- 954a-a833-52d656e76568 Furthermore, any submissions of factual information to value costs and prices pursuant to point (a) of Article 2(6a) of the basic Regulation must be filed within 65 days of the date of publication of this Notice.

• The Contingency Reserve Account was established in 2005 with proceeds that had been deposited in the Bond Reserve Fund, which was replaced with a surety bond.

• The bond resolutions require that if the Debt Service and Expense Funds or the Revenue Funds of a bond issue are not sufficient to provide for interest or principal and sinking fund requirements of that issue that funds be transferred from the Debt Service Reserve Fund or the Bond Reserve Fund to cover any deficiency.

More Definitions of Bond Reserve Fund

Bond Reserve Fund means the fund so designated that is herein established and created by the Authority pursuant to the terms of Section 501 hereof.

Bond Reserve Fund means the fund by that name established by the General Bond Resolution and applied as provided in the Trust Agreement.

Bond Reserve Fund means the Core City Program Bond Reserve Fund held by the Trustee under the Trust Indenture.

Bond Reserve Fund means that fund established pursuant to Section 6.1 and administered in Section 6.7 herein.

Bond Reserve Fund means the Bond Reserve Fund established under the Indenture. “City’s FES Account” means the account designated as the “COPs Improvement Account

Bond Reserve Fund means the Core City Program Bond Reserve Fund established pursuant to Sec- tion 7.

Bond Reserve Fund means the City of Sacramento McKinley Village Community Facilities District No. 2015-04 (Improvements) Special Tax Bonds Bond Reserve Fund established pursuant to Section 5.02 (to be maintained by the Trustee).