Arena Revenues; Arena Revenue Fund Sample Clauses

Arena Revenues; Arena Revenue Fund. The Authority has established the Arena Revenue Fund pursuant to the Bond Indenture as a separate trust account held by the Bond Trustee for the benefit of the Series 2017 Bonds. The Corporation shall deposit Category A Arena Revenues into the Arena Revenue Fund as received from time to time, but in no event later than five Business Days after their receipt. The Corporation shall deposit Category B Arena Revenues into the Arena Revenue Fund (a) on or before each May 15th and November 15th, beginning on (and including) May 15, 2018, in the amounts required pursuant to Section 5.05(b) hereof; or (b) immediately upon the Corporation’s receipt of a written demand from the Bond Trustee for such deposit in accordance with Section 5.05 hereof. The Authority hereby assigns all such Arena Revenues to the Bond Trustee and hereby directs the Bond Trustee to apply all such Arena Revenues in accordance with the Bond Indenture. Any Category A Arena Revenues that constitute Advance Payments shall be so designated by the Corporation in Written Instructions to the Bond Trustee and shall be deposited by the Bond Trustee in the Advance Payments Account of the Arena Revenue Fund and allocated and applied by the Bond Trustee among Fiscal Years of the Corporation pursuant to such Written Instructions of the Corporation. The Corporation may use and withdraw moneys held in the Arena Revenue Fund for the purposes and according to the terms of Section 4.05(d) of the Bond Indenture by Written Instruction directed to the Bond Trustee.
Sample 1
AutoNDA by SimpleDocs

Related to Arena Revenues; Arena Revenue Fund

  • Gross Revenue 16.1.1 For the purposes of this PPP Agreement and its Schedules, Gross Revenue shall be defined as:

  • Current Revenues Under Texas law, a contract with a governmental entity that contains a claim against future revenues is void; therefore, each party paying for the performance of governmental functions or services must make those payments from current revenues available to the paying party.

  • Current Revenue The funds distributed hereunder shall be paid solely from lawfully available funds of the SEDC. Under no circumstances shall the obligations hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision. None of the obligations under this Agreement shall be pledged or otherwise encumbered in favor of any commercial lender and/or similar financial institution.

  • Revenue Metering The Connecting Transmission Owner’s revenue metering will be located on the generator side of the 115kV breaker at the Xxxxx Solar Collector Substation and will consist of: • three (3) combination current/voltage transformer (“CT/VT”) units (manufacturer and model ABB/Xxxxxxx KXM-550, GE Grid Solutions KOTEF 000.XX, or other equivalent specified by Connecting Transmission Owner); and • one (1) revenue meter. The ratios of the CTs and VTs will be provided by Connecting Transmission Owner upon its review of the Interconnection Customer’s design documents. (Note: Connecting Transmission Owner’s revenue metering CTs and VTs cannot be used to feed the Interconnection Customer’s check meter.) SERVICE AGREEMENT NO. 2556

  • Closing Your PayPal Account You can close your account at any time. See the PayPal Help Center for how to do this. We may close your account at our convenience by providing you with two months’ prior notice. We may also close your account at any time if:

  • XXXXX CASH 21 CONTRACTOR is authorized to establish a xxxxx cash fund in an amount not 22 to exceed two hundred and fifty dollars ($250.00).

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • CALCULATING THE AMOUNT OF LOSS OF REVENUES BY THE DISTRICT Subject to the provisions of Section 6.5, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Approval Date and ending on the Final Termination Date (as set out in Exhibit 5), the “M&O Amount” shall be determined in compliance with Applicable School Finance Law in effect for such year and according to the following formula:

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

  • Capital Projects 25.1 All capital projects, whether already underway or beginning during this period, are subject to the Department’s investment appraisal processes. Any capital expenditure that exceeds the BFI’s delegated capital limit must be referred to the DCMS Finance Committee for approval at three stages of development, as set out in guidance issued by the Department. The figure used in calculating whether the costs exceed the delegated limit is the lifetime cost of the capital project, including non- exchequer funding and any increased running costs ensuing from it.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!