Program Expense Account definition

Program Expense Account means the Program Expense Account created within the Program Fund.
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Program Expense Account means the account within the Revenue Fund so defined in
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Examples of Program Expense Account in a sentence

  • In addition to the monthly interest expense on the Bonds allocable to the Loan, Fixed Program Expenses shall be added to the interest expense on such Loan and the Borrower shall deposit or cause to be deposited in the Program Expense Account established under the Indenture such amounts as are needed to pay Fixed Program Expenses for disbursement upon direction of the Program Administrator.

  • Widner THAT Report No. 44-18 EECC Interim Board Shuffleboard Mat Replacement be received for information; AND THAT the replacement purchase of two shuffleboard mats be authorized, at an estimated cost of $3,000.00; it being noted that such purchase will be finance from the 2018 Program Expense Account (G-00-731-63590); AND THAT the EECC Interim Board authorizes the Municipal Staff to make grant applications for additional equipment needed as potential funding sources become available.

  • To take such action as the meeting may determine, upon the request of the Police Chief, to approve an appropriation in the amount of $37,805.61 to the Railroad Parking Program Expense Account for excess snow removal, clean up and repair expenses.

Related to Program Expense Account

  • Expense Account The account established pursuant to Section 10.3(c).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.