Additional Revenues definition
Additional Revenues means, with respect to the issuance of any Parity Obligations, any or all of the following amounts:
Additional Revenues means, with respect to the issuance of any Parity Obligations, an allowance for Net Revenues (a) arising from any increase in the charges made for service from the Enterprise adopted prior to the incurring of such Parity Obligations, in an amount equal to the total amount by which the Net Revenues would have been increased if such increase in charges had been in effect during the whole of the most recent completed Fiscal Year or during any more recent 12-month period selected by the District; and (b) arising from any increase in service connections to the Enterprise prior to the incurring of such Parity Obligations, in an amount equal to the total amount by which the Net Revenues would have been increased if such connections had been in existence during the whole of the most recent completed Fiscal Year or during any more recent 12-month period selected by the District, all as shown by the certificate of the District.
Additional Revenues means, with respect to the issuance of any Parity Debt, an allowance for Net Revenues (i) arising from any increase in the charges made for service from the Water System, adopted prior to the incurring of such Parity Debt and effective within eighteen (18) months following the date of incurring such Parity Debt, in an amount equal to the total amount by which the Net Revenues for the Water System would have been increased if such increase in charges had been in effect during the whole of the most recent completed Fiscal Year or during any more recent twelve (12) month period selected by the District, and (ii) arising from any increase in service connections to the Water System, prior to the incurring of such Parity Debt, in an amount equal to the total amount by which the Net Revenues for the Water System would have been increased if such connections had been in existence during the whole of the most recent complete Fiscal Year or during any more recent twelve (12) month period selected by the District, all as shown by the certificate or opinion of an Independent Financial Consultant.
Examples of Additional Revenues in a sentence
The amount of the fee is decided in the Act no.88/1991 on Additional Revenues of the National Treasury.If the service fee is not paid the application will not be processed.
If any audit of the Project as permitted under this Agreement demonstrates that the Developer has underpaid the annual Additional Revenue, the Developer shall, within ten (10) days of receiving the results of the audit, make payment to the City of any shortfall in the Additional Revenues, together with interest thereon from the date each portion of the shortfall should have been paid until it is in fact paid, at the annual rate of seven percent (7%).
The amount of the fee is decided in the Act no.88/1991 on Additional Revenues of the National Treasury.If the processing fee is not paid, the application will not be processed.
The amount of the fee is decided in the Act no.88/1991 on Additional Revenues of the National Treasury.If the processing fee is not paid the application will not be processed.
The combination of Transaction Revenues, Advertising Revenues and Additional Revenues.
More Definitions of Additional Revenues
Additional Revenues means, with respect to the issuance of additional parity or subordinate debt in accordance with requirements set forth in Section B.4, an allowance for Net Revenues, arising from any increase in rates, fees, and charges for the services of the System which has become effective in the most recent Fiscal Year and is expected to continue for the duration of such proposed additional parity or subordinate debt, and which the Recipient has begun to collect, in an amount equal to the total amount by which the Net Revenues would have been increased if such increase in rates, fees, and charges had been in effect during the whole of such Fiscal Year, minus the actual amount by which the Net Revenues have been increased since such increase in rates, fees, and charges in the most recent Fiscal Year became effective.
Additional Revenues means, for any period of calculation, all interest, profits and other income received from the investment of any moneys of Metropolitan and any other revenues (other than Operating Revenues) of Metropolitan, in each case to the extent available to pay principal and Accreted Value of and interest on the Bonds during such period.
Additional Revenues means, with respect to the issuance of any Bonds or Contracts, an allowance for Net Revenues: (i) arising from any increase in the
Additional Revenues means, in any Contract Year, the aggregate amount of Revenues received during each Contract Year less the Base Revenue Amount for such Contract Year.
Additional Revenues means, with respect to the issuance of any Parity Obligations, an allowance for Net Revenues arising from any increase in the charges made for service from the Enterprise which has become effective prior to the incurring of such Parity Obligations but which, during all or any part of the latest Fiscal Year or more recent period of 12 consecutive months, was not in effect, in an amount equal to the total amount by which the Net Revenues would have been increased if such increase in charges had been in effect during the whole of such Fiscal Year or such 12-month period, all as shown by the certificate or opinion of an independent certified public accountant selected by the City.
Additional Revenues means all legally available taxes, income, revenue, cash receipts, and other moneys of the City attributable to the City’s Fiscal Year ending June 30, 2016 and chargeable to the City’s general fund and excluding moneys which, when received by the City, will be encumbered for a special purpose.
Additional Revenues shall only include such revenues that are generated in the ordinary course of the business with the existing customers consistent with past practice but including any revenues generated as a result of the approximate $55,000 average monthly price increase recently implemented or to be implemented by the Company prior to the Closing (which amount is inclusive of an approximate $8,000 per month consumer price index increase under municipal contracts implemented in October 2012) (collectively, the “New Price Increase”). Additional Revenues shall also include any (x) price increases after the Closing under existing contracts (other than municipal contracts) that occur automatically pursuant to the current terms of such contracts without any action taken by the Company or its Subsidiaries and (y) price increases after the Closing under existing contracts, including municipal contracts, that Purchaser implements on behalf of the Company or its Subsidiaries in its discretion; it being understood and agreed that Purchaser shall have no obligation whatsoever to implement any price increase under any contract even if such contract would allow the Company or its Subsidiaries to unilaterally impose such price increase. For the avoidance of doubt, Additional Revenues shall not include revenues derived from an automatic consumer price index increase after the Closing under any municipal contract that was not part of the New Price Increase implemented before Closing as a result of the provisions in clause (x) above, even if the Purchaser voluntarily implements a price increase under such municipal contract that would be considered Additional Revenues under clause (y) above. In addition, Additional Revenues shall not include any revenues generated as a result of non-recurring events, contracts entered into after the Closing with new customers or acts of God. For the purposes hereof, (A) “Additional Revenue Shortfall” shall mean the amount by which the Additional Revenues during the Revenue Period are less than Fifty Five Thousand Dollars ($55,000), (B) “Annualized Additional Revenue Shortfall” shall mean the Additional Revenue Shortfall multiplied by twelve (12) and (C) “Revenue Period” means the three month period commencing December 1, 2012, to and including February 28, 2013. In no event shall the Contingent Consideration exceed $1,750,000, nor shall any downward adjustment reduce the Contingent Consideration below zero. By way of illustration only, if existing custome...