Operation and Maintenance Fund means the fund designed to provide for the payment of all expenses (except those expenses to be paid by ad valorem taxes or local hospitality taxes) incurred in connection with the administration and operation of the System, including, without limiting the generality of the foregoing, such expenses as may be reasonably necessary to preserve the System in good repair and working order, the fees and charges of the Trustee and the Registrar or any Paying Agent, the costs of audits required hereunder, and the premiums for all insurance and fidelity bonds required by the Bond Ordinance, in accordance, as nearly as may be practicable, with the Annual Budget then in effect, as such Fund is established by the provisions of Section 7.05 hereof.

Operation and Maintenance Fund means the fund established by the provisions of Section 7.05 hereof and which is designed to provide for the payment of all Operation and Maintenance Expenses.

Operation and Maintenance Fund means the Operation and Maintenance Fund created pursuant to Section 16(b)(i).

Examples of Operation and Maintenance Fund in a sentence

Operation and Maintenance Fund, which shall be used for the payment of Current Expenses.
A specified amount shall be paid to the 'Township Stormwater Control and BMP Operation and Maintenance Fund'.
Persons installing stormwater controls or BMPs shall be required to pay a specified amount to the Municipal Stormwater Control and BMP Operation and Maintenance Fund to help defray costs of periodic inspections and maintenance expenses.
There shall be deposited in the Operation and Maintenance Fund each month an amount sufficient to meet the current expenses of the month plus an amount equal to 1/12th of expenses payable on an annual basis such as insurance.
Transfers from the Revenue Fund to the Operation and Maintenance Fund, the Debt Service Fund and the Surplus Fund shall be made monthly not later than the tenth day of each month, and such transfer shall be applicable to monies on deposit in the Revenue Fund as of the last day of the month preceding.

More Definitions of Operation and Maintenance Fund

Operation and Maintenance Fund means the Fund by that name created pursuant to Section 5.02.

Operation and Maintenance Fund means the fund created pursuant to Section 4.04(B) hereof.

Operation and Maintenance Fund means the Operation and Maintenance Fund established pursuant to Section 18(A) of this Bond Resolution.

Operation and Maintenance Fund means the Fund with that name created by the Bond Resolution.

Operation and Maintenance Fund means the Operation and Maintenance Fund established

Operation and Maintenance Fund means the Electric System Operation and Maintenance Fund authorized, established, designated, and provided for in Section 5.03(a)(1) of the Bond Resolution.

Operation and Maintenance Fund means the fund created pursuant to Section 4.05(B) hereof.