Operation and Maintenance Reserve Fund definition

Operation and Maintenance Reserve Fund means the fund so designated and created by Section 502;
Sample 1Sample 2Sample 3
Operation and Maintenance Reserve Fund means the Operation and Maintenance Reserve Fund established pursuant to Section 502(b).
Sample 1Sample 2Sample 3
Operation and Maintenance Reserve Fund means the fund of such name as established pursuant to Ordinance 319.
Sample 1Sample 2Sample 3

Examples of Operation and Maintenance Reserve Fund in a sentence

  • In each Fiscal Year, any amounts remaining in the Local Water Fund, after making the required payments under the Agreement, shall be deposited in the General Account in the Operation and Maintenance Reserve Fund and shall be available either as a source of funding for System expenditures or upon certification of the City for deposit to the Authority’s Construction Fund to pay for the costs of System capital projects.

  • In addition to the information contained in the Budget Documents the Board shall also make provision in the Annual Budget for Board Expenses for the ensuing Fiscal Year, for the amount, if any, required to be deposited in the Operation and Maintenance Reserve Fund in accordance with Section 4.4 of the Agreement, and for the application of the amounts in the General Account therein.

  • The Operation and Maintenance Reserve Fund, the Revenue Account, the General Fund, the Renewal and Replacement Fund and the Cash Reserve Account are invested in Qualified Investments and are under the control of the Company or 407 ETR but are subject to the terms of the Indenture and a security interest in favour of the Trustee on behalf of the Bondholders.

  • Deposits to the Operation and Maintenance Reserve Fund from the Local Water Fund shall be subject to the priorities established in Section 4.2 of the Agreement.

  • Subject to subsection (a) of this Section, if at any time the amount on deposit in the Operating Fund is insufficient to pay all Operation and Maintenance Expenses then payable, the Trustee, upon receipt of a certificate of an Authorized Officer to that effect, shall withdraw from the Operation and Maintenance Reserve Fund and pay to the City for deposit in the Operating Fund the amount specified in such certificate.Section 511.


More Definitions of Operation and Maintenance Reserve Fund

Operation and Maintenance Reserve Fund means the fund by that name created in the Indenture. The Operation and Maintenance Reserve Fund shall consist of the following accounts: Bainbridge College Account, Columbus State Account, Southern Polytechnic Account; and General Account.
Sample 1
Operation and Maintenance Reserve Fund means the fund by that name established by, and held in the custody of the Board pursuant to the Agreement.
Sample 1
Operation and Maintenance Reserve Fund means the Operation and Maintenance Reserve Fund established by Section 4.12 hereof.
Sample 1
Operation and Maintenance Reserve Fund means the fund which shall be maintained and held separate and apart from other funds to pay for Operation and Maintenance Expenses as they become due and payable during a Fiscal Year to the extent the timing or amount of Operating Revenues for such Fiscal Year are insufficient to provide for such payments.
Sample 1
Operation and Maintenance Reserve Fund means the special fund created pursuant to Section 4.1 hereof. “Operation and Maintenance Reserve Requirement” means at any time in each Fiscal Year an amount at leastequal to one-sixth (1/6) (or such greater fraction as shall be determined by the Authority) of the aggregate amount of the Operation and Maintenance Expenses of the System for the Fiscal Year as fixed by the then current budget for that year, which amount shall be deposited, accumulated or reaccumulated, and maintained in the Operation and Maintenance Reserve Fund pursuant to Section 4.6 hereof.
Sample 1
Operation and Maintenance Reserve Fund means the fund by that name created in the Indenture. The Operation and Maintenance Reserve Fund will consist of the following accounts: Coastal College Campus Center Account, Coastal College Student Housing Account, East Georgia Account, Georgia College Account, Savannah State Account, West Georgia Account; and General Account.
Sample 1
Operation and Maintenance Reserve Fund means the Fund by that name created pursuant to Section 5.02.
Sample 1