Operating Fund. The Borrower shall have an operating cash balance for the Project equal to at least 15 days of annual budgeted Operation and Maintenance Costs as of the Closing Date and as of the last day of each fiscal year (such cash balance shall be exclusive of any amounts in the funds and accounts held by the Trustee or funds representing resident security deposits).
Operating Fund. Balance available 1 January 201_ Add: Remittances from United Nations Interest income Miscellaneous income (specify) Subtotal Less: Expenditure a/ Staff and other personnel costs Travel on official business Contractual services Operating expenses Acquisitions Fellowships, grants, other Total expenditure b/ Balance available 31 December 201_
Operating Fund. HRTAC will hold the Operating Fund as a separate Fund for the purposes of paying Operating Expenses. Neither the Operating Fund nor any amount therein is pledged to secure the Bonds or the Subordinate Obligations. HRTAC shall pay Operating Expenses from the Operating Fund as they become due and in accordance with the purposes and amounts provided in the Annual Budget. In determining the balance on deposit in the Operating Fund for any purpose of this Master Indenture, there shall be deducted the amount of any issued but unpaid checks drawn against the Operating Fund. Investment earnings on amounts in the Operating Fund, if any, shall be transferred to the General Fund and applied for purposes of Section 8.6 below.
Operating Fund. “Operating Fund” means a financial account specially designated to provide operating funds for the 800 MHz mixed mode radio systems.
Operating Fund. Amount (USD) Balance as of 1 January (Year) - Add: Remittances from United Nations in (Year) Interest Income a/ - Miscellaneous income a/ - Subtotal - Unliquidated Obligation Disbursements Less: Staff and other personnel expenses Travel on official business Contractual services Operating expenses Acquisitions Fellowships, grants and others Total expenditures - Programme support costs …% - Total expenditures and programme support costs - Balance as of 31 December (Year) - Notes:
Operating Fund. Carrying out of Additional Investments for water supply or wastewater treatment, and Expenditures for improvement of LVK’s commercial and financial management systems, training and public information and opinion survey activities. Part D: Institutional Strengthening Provision to LVK, under a contract with a MOIA, of management and operations improvement advisory services to: (a) strengthen LVK’s management, through the introduction of computerized management, control, financial and commercial systems, procurement assistance and training of LVK’s staff in the operation of the new systems; and (b) design and implement measures and programs to: (i) increase network and plant efficiency; (ii) reduce leakage; (iii) improve water demand management; and (iv) improve quality of services provided to consumers.
Operating Fund. The “Operating Fund” so designated and to be established by the Trustee pursuant to Section 6.07
Operating Fund. (a) HRTAC shall promptly deposit in the Operating Fund any amounts made available to HRTAC, from any source, for use in paying the Operating Expenses.
Operating Fund. The Company has certain funds on deposit in one or more accounts at banking or financial institutions. The parties acknowledge and agree that all such funds shall constitute an operating fund for the Company. Xxxxxxx may direct disbursements of funds from these accounts while performing his duties in managing the general corporate and operational affairs of the Company, provided said disbursements are limited to the operating budget approved by the Board of Directors or by the Managing Members.
Operating Fund. PLANT OPERATOR shall, to the extent possible, pay operating expenses out of available operating revenues. PLANT OPERATOR may keep on hand an operating fund in an amount equal to two (2) month's anticipated operating costs as set forth in an Approved Annual Budget By Month. When required in the reasonable judgement of PLANT OPERATOR, PLANT OWNERS will advance, for an operating fund, their respective shares of an amount not to exceed two (2) month's anticipated operating costs as set forth in an Approved Annual Budget By Month. After the establishment of the operating fund, PLANT OWNERS shall remit their share of actual costs and expenses in accordance with each Month's billing, thus maintaining the operating fund intact. Should it be determined by the PLANT OPERATOR that the Plant Account contains excess funds, a distribution will be made to PLANT OWNERS proportionate to their PLANT ownership percentage.
