Funding Reserve Fund definition

Funding Reserve Fund means the reserve fund established in the name of Funding on the Initial Closing Date in an amount up to the Funding Reserve Required Amount, which prior to enforcement may be (a) allocated among Issuers and between Groups to help meet any deficit in Funding Available Revenue Receipts and thereby any deficit recorded on the Issuer Principal Deficiency Ledgers and/or (b) utilised to fund initial reserves and other expenses in connection with the issuance of Notes by New Issuers;

Funding Reserve Fund. The Cash Manager, on behalf of Funding, may utilise the Funding Reserve Fund to fund initial reserves and other expenses in connection with the issuance of any New Notes by any New Issuer, to the extent that such initial reserves and expenses are to be established, or paid for, by Funding and are not funded pursuant to the terms of the Issuer Start Up Loan Agreement applicable to that New Issuer.

Examples of Funding Reserve Fund in a sentence

• The Cash Manager, on behalf of Funding, may utilise the Funding Reserve Fund to fund initial reserves and other expenses in connection with the issuance of any New Notes by any New Issuer, to the extent that such initial reserves and expenses are to be established, or paid for, by Funding and are not funded pursuant to the terms of the Issuer Start Up Loan Agreement applicable to that New Issuer.

• This report recommends that a reserve fund entitled the "SmartTrack Funding Reserve Fund" be established to accumulate the incremental property tax revenues associated with the SmartTrack Stations Program starting in 2019.

• Funds in the amount of $16.5 million be transferred from the Tax Stabilization Reserve (XQ0703) in Schedule 3 of Chapter 227 to the new Culture Funding Reserve Fund (created by Recommendation 2 above).

• Paterson-Brown1877 That By-law No. 6824, to create the Gas Tax Funding Reserve Fund, be read a first time.

• The Cash Manager, on behalf of Funding, may utilise the Funding Reserve Fund to fund initial reserves and other expenses in connection with the issuance of any Notes by any Funding Issuer, to the extent that such initial reserves and expenses are to be established, or paid for, by Funding and are not funded pursuant to the terms of the Issuer Start Up Loan Agreement applicable to that Funding Issuer.

• Upon completion of the survey, respondents were offered an addition $50 incentive if they would provide their completed Schedule C from their federal tax return to us.

• Balance Brought Forward £35,000,000 0.34% Drawings this Period £0 0.00% Excess Spread this Period £1,345,433 0.01% Funding Reserve Fund Top-up this Period* -£1,345,433 -0.01% Current Balance £35,000,000 0.34% Funding Reserve Balance brought forward £111,138,365 1.07% Excess spread this period £9,558,211 0.09% Repayment of start up loan interest -£11,996,593 -0.12% Funding reserve Balance carried forward £108,699,983 1.05% Funding Reserve % 1.0% NA *Top-ups only occur at the end of each quarter.

• Allocate $935,000, equivalent to 15 percent of all incremental municipal tax revenue arising from commercial and residential assessment growth in the Tax Increment Financing Zones for 2019, net of any Imagination, Manufacturing, Innovation and Technology Grants attributable to this assessment growth, to the SmartTrack Funding Reserve Fund XR1731, in accordance with Council adopted Recommendation 19 (e) of Executive Committee Report EX33.1 (April 24, 2018).

• It is further anticipated that the debt charges arising from this debenture ($53.1 M annualized) will be funded entirely from an allocation of the incremental tax revenue accumulated in the SmartTrack Funding Reserve Fund, development charges, and from a portion of the ongoing annual revenue collected through the City Building Fund.