Capital Reserve Fund definition

Capital Reserve Fund means the reserve fund created and established by the Authority in

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Capital Reserve Fund means the reserve fund created and established by the Authority in accordance with § 62.1-215.

Capital Reserve Fund shall have the meaning set forth in Section 7.4.1.

Examples of Capital Reserve Fund in a sentence

The Capital Reserve Fund shall not constitute a trust fund and may be commingled with other monies held by Lender.
Sums in the Capital Reserve Fund shall be held by Lender in an account in Lender's name at a financial institution selected by Lender in its sole discretion and shall be invested in Permitted Investments.
Earnings or interest, if any, thereon shall be retained as part of such funds and applied in accordance with this Section 7.4. Lender shall not be liable for any loss sustained on the investment of any funds constituting the Capital Reserve Fund.
Borrower shall not, without obtaining the prior written consent of Lender, further pledge, assign or grant any security interest in the Capital Reserve Fund, or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.
Funds held in the Capital Reserve Fund may be used for Approved Capital Expenses.

More Definitions of Capital Reserve Fund

Capital Reserve Fund means any reserve fund created and established by the authority pursuant to this chapter.

Capital Reserve Fund means the reserve fund established in accordance with Section 4.13.6 to pay Capital Expenses.

Capital Reserve Fund means the monies set aside for the repair and major maintenance costs of capital infrastructure and for large approved capital expenditures, such as the renovation of a community centre or road reconstruction.

Capital Reserve Fund means the fund by that name established by Section 506. “Capital Reserve Fund Facility” shall mean a surety agreement or bond, insurance policy

Capital Reserve Fund or “Sinking Fund” has the meaning given to it in Section 2.6.C. “Code of Virginia” means the Code of Virginia, 1950, as amended, or successor provisions of law.

Capital Reserve Fund means the Capital Reserve Fund as defined in the City Lease.

Capital Reserve Fund. 3.3.1 "Capital Reserve Subaccount" - Deposit Account Agreement "Cash Collateral Subaccount" - 3.6 "Cash Management Period" - 3.1 "Casualty" - 7.2.1 "Casualty/Condemnation Prepayment" - 2.