Common use of Pledged Revenues Not Budgeted Clause in Contracts

Pledged Revenues Not Budgeted. The portion of the Pledged Revenues necessary to pay the Loan Payments, as and when due, is not needed or budgeted to pay current or anticipated Operation and Maintenance Expenses or other expenses of the Borrower/Grantee.

Appears in 5 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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Pledged Revenues Not Budgeted. The portion of the Pledged Revenues necessary to pay the Loan Agreement Payments, as and when due, is not needed or budgeted to pay current or anticipated Operation and Maintenance Expenses operational or other expenses of the Borrower/GranteeGovernmental Unit.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Pledged Revenues Not Budgeted. The portion of the Pledged Revenues necessary to pay the Loan Agreement Payments, as and when due, is are not needed or budgeted to pay current or anticipated Operation and Maintenance Expenses operational or other expenses of the Borrower/GranteeGovernmental Unit.

Appears in 1 contract

Samples: Loan Agreement

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Pledged Revenues Not Budgeted. The portion of the Pledged Revenues necessary to pay the Loan Payments, as and when due, is not needed or budgeted to pay current or anticipated Operation and Maintenance Expenses or other future Project-related expenses of the Borrower/Grantee.

Appears in 1 contract

Samples: Grant Agreement

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