Revenue Fund definition
Examples of Revenue Fund in a sentence
The Base Rentals Fund, the Project Fund, the Extraordinary Revenue Fund, and any other fund or account created hereunder shall be held by the Trustee, for the benefit of the Owners as specified in this Indenture; provided that the moneys held in the Rebate Fund pursuant to the provisions of Section 5.3 hereof shall be held and applied solely for the purposes and in the manner described in Section 5.3 hereof.
Moneys on deposit in the PPRTA Tax Revenue Fund (including any interest earnings thereon) shall be used solely to pay principal, interest and redemption principal on the Loan and shall be applied by the Lender in accordance with Section 3.02(a) hereof after the application of the Capitalized Interest Account to the payment of interest on the Loan, and prior to the application of any other Pledged Revenue to the payment of the Loan.
The PPRTA Tax Revenue Fund shall be held and maintained by the Lender in accordance with the provisions hereof; provided that, notwithstanding anything herein to the contrary, the Lender may in its discretion choose to have any moneys to be held by the Lender in the PPRTA Tax Revenue Fund held, invested, disbursed, and otherwise administered on behalf of the Lender by Community Banks of Colorado.
A special fund is hereby created and established with the Trustee to be designated the "Extraordinary Revenue Fund," into which shall be deposited all Extraordinary Revenues.
The District shall deposit or cause to be deposited all PPRTA Tax Revenue into the PPRTA Tax Revenue Fund promptly upon receipt thereof.