DPSN Fund definition

DPSN Fund means a fund held by the County Council on behalf of the Participating Authorities for the purposes of ensuring that the DPSN Shared Resources remain scalable and sustainable for the County Council and the Participating Authorities, for off setting future procurement costs that my otherwise be incurred and for the payment of any costs reasonably incurred by the County Council pursuant to Clause 7.1 and fees of consultants, such other persons or bodies as shall be reasonably required to be engaged by the County Council for the purposes of management and supervision of the Framework Agreement, this Agreement and the Other Agreements and estimates of whose fees having been included in the budget or budgets from time to time approved by the Partnership Board.
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Related to DPSN Fund

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Buydown Fund A fund provided by the originator of a Mortgage Loan or another Person with respect to a Buydown Loan which provides an amount sufficient to subsidize regularly scheduled principal and interest payments due on such Buydown Loan for a period. Buydown Funds may be (i) funded at the par values of future payment subsidies, or (ii) funded in an amount less than the par values of future payment subsidies, and determined by discounting such par values in accordance with interest accruing on such amounts, in which event they will be deposited in an account bearing interest. Buydown Funds may be held in a separate Buydown Fund Account or may be held in a Custodial Account for P&I or a Custodial Account for Reserves and monitored by a Servicer.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.