Surplus Account definition

Surplus Account has the meaning assigned to it in Section 3.02(a).
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Surplus Account means the Account by that name created and established by Section 4.1 hereof.
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Surplus Account means the fund or account created or ratified in Section 401.
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Examples of Surplus Account in a sentence

  • The parties hereby acknowledge that there shall be no Residual Value Surplus Account or Payahead Account (as defined in the Titling Trust Agreement).

  • The Finance Director is hereby authorized, without further action of the Council, to call all or any portion of the principal of the Note for payment and redemption prior to maturity on such date as the Finance Director shall determine, and shall deposit sufficient funds in the Debt Service Account from the Surplus Account to pay the principal being redeemed plus the accrued interest thereon to the date fixed for redemption.

  • All moneys remaining in the Project Fund after the Completion Date (other than moneys relating to provisional payments) and after payment or provision for payment of all other Costs of the Project have been provided for shall be transferred to the Surplus Account in accordance with Section 3.3 of the Indenture and applied as provided therein.

  • The Borrower shall not make or permit to be made any investments of assets (other than the Letter of Credit) held in the Surplus Account and Reinsurance Trust Account other than in accordance in all material respects with the Investment Guidelines and in compliance in all material respects with applicable law, including ensuring that the Investment Guidelines comply in all material respects with applicable insurance laws and regulations.

  • No amounts held in the Surplus Account shall be commingled with the general assets of the Borrower or the assets held in the Regulatory Account.


More Definitions of Surplus Account

Surplus Account means the account by that name ratified and confirmed by Section 501
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Surplus Account means the account created in the Water System Fund pursuant to Section 7.08 of the Original Resolution.
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Surplus Account means the Account by that name established in the Special Tax Fund by Section 3.03 (A) hereof.
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Surplus Account means the sub-account of the Trust and Retention Account designated as the ‘Surplus Account’ under the Trust and Retention Account Agreement.
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Surplus Account means the account within the Fund established pursuant to Sections
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Surplus Account means the account in the Sanitary Sewerage System Fund pursuant to Section 7.08 of the Original Resolution.
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Surplus Account means the fund or account created or ratified and confirmed by Section 401.
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