Parity Bond Fund definition

Parity Bond Fund means the "Water Quality Revenue Bond Account"
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Parity Bond Fund means the Seattle Municipal Light Revenue Parity Bond Fund
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Parity Bond Fund means the Electric Utility Parity Bond Fund created pursuant to Section 6 of this ordinance to pay and secure the payment of the Bonds and any Future Parity Bonds, which is divided into a Debt Service Account and a Debt Service Reserve Account.
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Examples of Parity Bond Fund in a sentence

  • The obligation to make the required monthly deposits into the Bond Fund and the Parity Bond Fund shall rank on a parity of security.

  • Unregistered Sales of Equity Securities and Use of Proceeds(c) Stock Repurchases The following table presents the total number of shares purchased in the three months ended September 30, 2013, the average price paid per share and the approximate dollar value of shares that still could have been purchased at the end of the applicable fiscal period, pursuant to the 2012 Repurchase Program.

  • It also causes transient effects on circuit performance [84], [85], some good and some bad.

  • Interest earned on any such investments and/or any profits realized from the sale thereof shall be deposited in and become a part of the Parity Bond Fund.

  • The amounts pledged by this ordinance to be paid out of the Electric Fund into the Parity Bond Fund (and the Debt Service Account and Reserve Account therein) are hereby declared to be a prior lien and charge upon all the money in the Electric Fund superior to all other charges of any kind or nature except the charges required to pay the Operation and Maintenance Expense and equal in rank to the charges necessary to pay the principal of, premium, if any, and interest on any Future Parity Bonds.

  • If there are insufficient moneys in the Revenue Fund to make the monthly payments into the Bond Fund and the Parity Bond Fund and make monthly installments with respect to outstanding Parity Bonds and Other Parity Bonds (and any debt service reserves therefor), CWL shall make payments from the Revenue Fund with respect to the Bonds and outstanding Parity Bonds and Other Parity Bonds pro rata based upon the outstanding principal amount of the Bonds and outstanding Parity Bonds and Other Parity Bonds.

  • The City has agreed to pay into the Parity Bond Fund on or prior to the respective dates on which principal of and interest on Parity Bonds will be payable certain amounts from the Gross Revenues of the Light System sufficient to pay such principal and interest as the same become due.

  • Whenever there is a sufficient amount in the Parity Bond Fund, including all accounts therein, to pay the principal of, premium, if any, and interest on all Covered Parity Bonds then outstanding, the money in the Reserve Account may be used to pay the principal of, premium, if any, and interest on the Covered Parity Bonds, after all funds available for such purpose in the Debt Service Account have been so used.

  • The Parity Bond Fund shall be divided into a Debt Service Account and a Reserve Account, which are authorized to be created therein.

  • Simultaneously with making the deposit into the Bond Fund, there shall be transferred from the Revenue Fund into the bond fund for the Parity Bonds (the "Parity Bond Fund") an amount equal to the required monthly deposit into such fund.


More Definitions of Parity Bond Fund

Parity Bond Fund means the special fund of the City known as the Seattle Municipal
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Parity Bond Fund means the Electric Utility Parity Bond Fund created pursuant to the Municipal Bond Ordinance to pay and secure the payment of the Municipal Bond and any Future Parity Bonds, which is divided into a Debt Service Account and a Debt Service Reserve Account.
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Parity Bond Fund means the “Water Quality Revenue Bond Account” designated pursuant to Section 30 of Ordinance 12076 of the County for the purpose of paying and securing the payment of the Parity Bonds.
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Parity Bond Fund means the special fund of the City known as the Seattle Municipal Light Revenue Parity Bond Fund established within the Light Fund pursuant to Ordinance 92938 for the purpose set forth in Section 15(a).
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Parity Bond Fund means the “Water Quality Revenue Bond Account” designated for the purpose of paying and securing the payment of the Parity Bonds.
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Related to Parity Bond Fund

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.