Covenant Regarding Gross Revenues. The Borrower shall fix, prescribe, revise and collect rates, fees and charges for services furnished by the Borrower during each fiscal year which (together with existing unencumbered cash and cash-equivalent balances which are lawfully available to the Borrower for payment of any of the following amounts during such fiscal year) are at least sufficient, after making allowances for contingencies and error in the estimates to pay the following amounts in the following order:
Covenant Regarding Gross Revenues. The City shall, to the extent permitted by law, fix, prescribe, revise and collect rates, fees and charges for the services and improvements furnished by the Enterprise during each Fiscal Year, which are at least sufficient, after making allowances for contingencies and error in the estimates, to yield Gross Revenues which are sufficient to pay the following amounts in the following order of priority:
Covenant Regarding Gross Revenues. The District shall, to the extent permitted by law, fix, prescribe, revise and collect rates, fees and charges for the services and commodities furnished by the Water Enterprise during each Fiscal Year, which are at least sufficient, after making allowances for contingencies and error in the estimates, to yield Gross Revenues which are sufficient to pay the following amounts in the following order of priority:
Covenant Regarding Gross Revenues. The District shall fix, prescribe, revise and collect rates, fees and charges for the services and facilities furnished by the Enterprise that are at least sufficient, after making allowances for contingencies and error in the estimates, to yield Gross Revenues sufficient to pay the following amounts in the following order of priority:
Covenant Regarding Gross Revenues. The Agency shall fix, prescribe, revise and collect rates, fees and charges for services furnished by the Agency during each fiscal year which (together with existing unencumbered cash and cash-equivalent balances which are lawfully available to the Agency for payment of any of the following amounts during such fiscal year) are at least sufficient, after making allowances for contingencies and error in the estimates to pay the following amounts in the following order:
Covenant Regarding Gross Revenues. The District shall fix, prescribe, revise and collect rates, fees and charges for the services and facilities furnished by the System during each Fiscal Year which (together with existing unencumbered cash and cash-equivalent balances which are lawfully available to the District for payment of any of the following amounts during such Fiscal Year) are at least sufficient, after making allowances for contingencies and error in the estimates, to pay the following amounts in the following order: (i) All Operation and Maintenance Expense estimated by the District to become due and payable with respect to such Fiscal Year; (ii) all Installment Payments and all principal of and interest and premium (if any) on any Parity Obligations as they become due and payable with respect to such Fiscal Year, without preference or priority; (iii) all payments coming due and payable with respect to such Fiscal Year and required for compliance with this Installment Sale Agreement and the instruments authorizing any Parity Obligations and all other System Obligations; and (iv) all payments required to meet any other obligations of the District which are charges, liens, encumbrances upon or payable from the Gross Revenues with respect to such Fiscal Year.
