Examples of Net Revenues in a sentence
There are no obligations of the City payable from or secured by Net Revenues on a basis senior to the Commercial Paper Notes, the Bank Note or the obligations of the City under this Agreement other than the Subordinate Xxxx Xxxxx and Separate Lien Obligations.
C-1-3446 EXHIBIT C SENIOR NON-EMERGENCY MEDICAL TRANSPORTATION PROGRAM RENEWED MEASURE M MAINTENANCE OF EFFORT According to Orange County Local Transportation Authority Ordinance No. 3, Renewed Measure M (M2) indicates that the County shall be allocated one percent (1%) of the Net Revenues to augment existing Senior Non-Emergency Medical Transportation (SNEMT) services funded with Tobacco Settlement Revenue (TSR) funds.
The City shall at all times maintain the ability to issue bonded indebtedness payable from Net Revenues in an amount at least equal to the sum of (i) the aggregate principal amount of the Commercial Paper Notes plus (ii) the aggregate amount of accrued interest to maturity on all Commercial Paper Notes, plus (iii) any Obligations payable to the Bank hereunder, including without limitation, under the Bank Note.
One percent (1%) of the Net Revenues shall be allocated 4 to the County to augment existing senior non-emergency medical transportation services 5 funded with Tobacco Settlement funds as of the effective date of the Ordinance.