Examples of Available Moneys in a sentence
If amounts on deposit in the Excise Tax Fund are insufficient to pay all Obligations and Parity Obligations due on any payment date and the City either elects not to use Other Available Moneys to cure the shortfall or does not have sufficient Other Available Moneys on hand to cure the shortfall, the City shall pay the Obligations and Parity Obligations then due on a pro rata basis according to the amounts then due.
So long as a Letter of Credit or a Confirming Letter of Credit is in effect, the Borrower shall not, directly or indirectly, purchase any Bonds with any funds that do not constitute Available Moneys, except as required by Section 8.01(b) of this Agreement.
If on any redemption date Available Moneys sufficient to pay in full the redemption price of the Bonds called for redemption have been paid, or while the Bonds are in the Weekly or Flexible Mode, deposited with the Trustee and available to be utilized to pay the redemption price of such Bonds, such Bonds shall no longer be secured by or be deemed to be Outstanding under the provisions of this Agreement.
The Lender acknowledges that it has no claim hereunder to have payments made from Other Available Moneys.
The use of Other Available Moneys to make payments hereunder and under the Note shall never constitute a pledge of such Other Available Moneys nor a claim on ad valorem taxes of the City.