Funds Utilized For Debt Service Sample Clauses

Funds Utilized For Debt Service. In the event that the School Board issues bonds or similar debt instruments payable from educational impact fees in order to provide advance funding for the construction of new or expanded public educational facilities and equipment that substantially benefit the residents of new residential development in a benefit district, the School Board may expend educational facilities impact fees from each of the substantially benefited Benefit District Accounts for the payment of debt service on such bonds or similar debt instruments provided that the impact fees withdrawn from a Benefit District Account are proportionate to the costs of providing the new educational facilities and equipment necessary to substantially benefit the residents of new development in the Benefit District from which the educational impact fee funds were collected.
Sample 1Sample 2
AutoNDA by SimpleDocs
Funds Utilized For Debt Service. In the event that the School Board issues bonds or similar debt instruments for thepayable from educational impact fees in order to provide advance provisionfunding for the construction of new or expanded public educational facilities and equipment that are available to and substantially benefit the residents of new residential development in a benefit district, the School Board may expend educational facilities impact fees from each of the respectivesubstantially benefited Benefit District Accounts for the payment of debt service on such bonds or similar debt instruments provided that the debt funded facilities are located within or reasonably available to the residents of the Benefit District and that the impact fees withdrawn from eacha Benefit District Account are proportionalproportionate to the costs of providing thosethe new educational facilities thatand equipment necessary to substantially benefit the residents of each Benefit Districtnew development in the Benefit District from which the educational impact fee funds were collected, subject to applicable law.
Sample 1
Funds Utilized For Debt Service. In the event that the School Board issues bonds or similar debt instruments for the advance provision of new or expanded public educational facilities and equipment that are available to and substantially benefit the residents of new residential development, the School Board may expend educational facilities impact fees from each of the respective Benefit District Accounts for the payment of debt service on such bonds or similar debt instruments provided that the debt funded facilities are located within or reasonably available to the residents of the Benefit District and that the impact fees withdrawn from each Benefit District Account are proportional to the costs of providing those facilities that substantially benefit the residents of each Benefit District.
Sample 1

Related to Funds Utilized For Debt Service

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Debt Service - Interest on Short-Term Debt Tax Anticipation Warrants Tax Anticipation Notes Corporate Personal Prop Repl Tax Anticipation Notes State Aid Anticipation Certificates Other Interest on Short-Term Debt (Describe & Itemize) Total Debt Service - Interest On Short-Term Debt Debt Service - Interest on Long-Term Debt Debt Service - Payments of Principal on Long-Term Debt 15 (Lease/Purchase Principal Retired) Debt Service Other (Describe & Itemize) Total Debt Service 4000 4100 4110 4120 4190 4000 5000 5100 5110 5120 5130 5140 5150 5100 5200 5300 5400 5000 0 0 0 0 0 70,000 70,000 0 70,000 70,000 100,000 100,000 0 0 0 170,000 170,000 A B C D E F G H I J K 1 (100) (200) (300) (400) (500) (600) (700) (800) (900) 177 Description: Enter Whole Numbers Only PROVISION FOR CONTINGENCIES (DS) Funct # 6000 Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Total 178 179 180 Total Direct Disbursements/Expenditures Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures 0 170,000 170,000 (9,000) 181 40 - TRANSPORTATION FUND (TR) 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 SUPPORT SERVICES (TR) Support Services - Pupils Other Support Services - Pupils (Describe & Itemize) Support Services - Business Pupil Transportation Services Other Support Services (Describe & Itemize) Total Support Services COMMUNITY SERVICES (TR) PAYMENTS TO OTHER DIST & GOVT UNITS (TR) Payments to Other Dist & Govt Units (In-State) Payments for Regular Program Payments for Special Education Programs Payments for Adult/Continuing Education Programs Payments for CTE Programs Payments for Community College Programs Other Payments to In-State Govt Units (Describe & Itemize) Total Payments to Other Dist & Govt Units (In-State) Payments to Other Dist & Govt Units (Out-of-State) (Describe & Itemize) Total Payments to Other Dist & Govt Units DEBT SERVICE (TR)

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Commitment Charge; Credit (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Carried to Collection R Section 1 Bill No. 1 Preliminaries Contract instructions (Clause 17). 17 F: ……….… V: ….……… T: ….……... Item Setting out of the works (Clause 18). The contractor shall notify the principal agent if any encroachments of adjoining foundations, buildings, structures, pavements, boundaries, etc., exist in order that the necessary arrangements may be made for the rectification of any such encroachments. 18 F: ……….… V: ….……… T: ….……... Item Assignment (Clause 19). 19 F: ……….… V: ….……… T: ….……... Item Nominated subcontractors (Clause 20). 20 F: ……….… V: ….……… T: ….……... Item Selected subcontractors (Clause 21). 21 F: ……….… V: ….……… T: ….……... Item Employer's Direct contractors (Clause 22). 22 F: ……….… V: ….……… T: ….……... Item Contractor's Domestic subcontractors (Clause 23). 23 F: ……….… V: ….……… T: ….……... Item COMPLETION Practical completion (Clause 24). 24 F: ……….… V: ….……… T: ….……... Item Works completion (Clause 25). 25 F: ……….… V: ….……… T: ….……... Item Final completion (Clause 26). Carried to Collection R

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Selection Under a Fixed Budget Services for assignments which the Association agrees meet the requirements of paragraph 3.5 of the Consultant Guidelines may be procured under contracts awarded on the basis of a Fixed Budget in accordance with the provisions of paragraphs 3.1 and 3.5 of the Consultant Guidelines.

  • Carried Forward R Section No. 1 PRELIMINARIES AND GENERAL Bill No. 1 PRELIMINARIES BVI CONSULTING ENGINEERS Brought Forward R 32 Adjustment to the contract value (clause 32) F:........................ V:........................ T:........................ Where prices are submitted by the contractor or nominated/selected subcontractors during the progress of the works in respect of contract instructions or in regard to a claim under the terms of the contract and notwithstanding the fact that such prices may be used in an interim payment certificate, there is to be no presumption of acceptance. Should the principal agent wish to accept any such prices prior to the issue of the final certificate, it will be in writing Item 33 Recovery of expense and loss (clause 33) F:........................ V:........................ T:........................ Item 34 Final account and final payment (clause 34) F:........................ V:........................ T:........................ The employer shall not pay any interest on amounts payable to the contractor for one hundred and forty two (142) days after the date of issue of the certificate of practical completion The employer shall, however, pay interest to the contractor at the rate stipulated in clause 34.11 on any amounts payable to the contractor more than one hundred and forty two (142) days after the date of issue of the certificate of practical completion but only for such period as the settlement of the final account is delayed by the non-performance of the principal agent or the employer or his agents. In evaluating non-performance for purposes of this clause a reasonable time shall be allowed to the employer or his agents to respond to any matter brought to his/their attention and which may affect the settlement of the final account Item Carried Forward R Section No. 1 PRELIMINARIES AND GENERAL Bill No. 1 PRELIMINARIES

Time is Money Join Law Insider Premium to draft better contracts faster.