OPEB Trust definition

OPEB Trust means the trust fund or funds, including any sub-funds or sub-
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OPEB Trust the trust established by the Philadelphia Gas Works OPEB Trust Agreement dated July 13, 2010, as amended.
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Examples of OPEB Trust in a sentence

  • PEBA is considered a division of the primary government of the state of South Carolina and therefore, OPEB Trust fund financial information is also included in the comprehensive annual financial report of the state.

  • The assets of the OPEB Trust Fund cannot be used to support the Town’s operations.

  • Contributions to the OPEB Trust, or to the interest bearing account holding funds to be transferred to the OPEB Trust upon its creation, are irrevocable and will not be used towards the payment of OPEB benefits before January 1, 2019.

  • Cash and investments held in the OPEB Trust Fund are excluded from the concentration of credit risk calculation.

  • As part of a long-range plan to fund this obligation, the Town established an OPEB Trust Fund, which allows for long-term asset investment at higher rates of return than those realized by general operating funds.

  • PEBA, Insurance Benefits issues audited financial statements and required supplementary information for the OPEB Trust Funds.

  • PEBA – Insurance Benefits issues audited financial statements and required supplementary information for the OPEB Trust Funds.

  • The Virginia Pooled OPEB Trust Fund is established as an investment vehicle for participating employers to accumulate assets to fund OPEB.

  • It is also funded through investment income.The allocation percentage of the OPEB amounts are calculated differently for each OPEB Trust.

  • Net OPEB Liability The Net OPEB Liability (NOL) is calculated separately for each OPEB Trust Fund and represents that particular Trust’s Total OPEB Liability (TOL) determined in accordance with GASB No. 74 less that Trust’s fiduciary net position.

Related to OPEB Trust

  • Sub-Trust has the meaning set forth in Section 3.01(b) of the Titling Trust Agreement.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Class B Trust Class B Trustee", "Class C Certificate", "Class C Certificateholder", "Class C Trust", "Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Class A Trust Has the meaning specified in the Intercreditor Agreement.

  • Grantor Trust means a Trust other than a RIC.

  • Owner Trust means the trust created by this Agreement.

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Class B Trust Agreement “Class B Trustee”, “Closing Date”, “Continental”, “Continental Bankruptcy Event”, “Controlling Party”, “Corporate Trust Office”, “Delivery Period Expiry Date”, “Downgraded Facility”, “Downgrade Event”, “Equipment Notes”, “Fee Letter”, “Final Legal Distribution Date”, “Financing Agreement”, “Investment Earnings”, “Liquidity Facility”, “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Plan Trust means the trust governed by the Plan.

  • Class A Trust Agreement Has the meaning specified in the Intercreditor Agreement.

  • Real Estate Investment Trust means that term as defined under section 856 of the internal revenue code.

  • Class B Trustee Class C Certificate", "Class C Certificateholder", "Class C Trust", "Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • foreign trust or "foreign estate" as those terms are defined in Section 1445 of the Internal Revenue Code.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;