Examples of Airport Revenues in a sentence
Summary of Bonds Outstanding Security: General Airport Revenue Bonds ("GARBs") are secured by the pledge of Net Airport Revenues Lien: SeniorRatings: Moody's Aa3 (Stable) S&P AA- (Stable) Fitch AA- (Stable) * Approximately 2% of the GARB portfolio is additionally secured through bond insurance.** All of the Series 2009D, 2010D and 2011A are subject to a floating-to-fixed rate swap.*** $93.4 million of the Series 2010C is subject to a floating-to-fixed rate swap.
The policy implements several Grant Assurances, including Grant Assurance 5, Preserving Rights and Powers; Grant Assurance 22, Economic Nondiscrimination; Grant Assurance 24, Fee and Rental Structure; and Grant Assurance 25, Airport Revenues.
CARES grant recipients should follow the FAA’s Policy and Procedures Concerning the Use of Airport Revenues (“Revenue Use Policy”), 64 Federal Register 7696 (64 FR 7696), as amended by 78 Federal Register 55330 (78 FR 55330).
Summary of Bonds Outstanding Security: General Airport Revenue Bonds ("GARBs") are secured by the pledge of Net Airport Revenues Lien: SeniorRatings: Moody's Aa3 (Stable) S&P AA- (Stable) Fitch AA- (Stable) Series * Approximately 2% of the GARB portfolio is additionally secured through bond insurance.** All of the Series 2009D, 2010D and 2011A are subject to a floating-to-fixed rate swap.*** $89.8 million of the Series 2010C is subject to a floating-to-fixed rate swap.
Summary of Bonds Outstanding Security: General Airport Revenue Bonds ("GARBs") are secured by the pledge of Net Airport Revenues Lien: SeniorRatings: Moody's A1 (Positive) S&P AA- (Stable) Fitch AA- (Stable) * Approximately 12% of the GARB portfolio is additionally secured through bond insurance.** All of the Series 2009D, 2010D and 2011A are subject to a floating-to-fixed rate swap.*** $93.4 million of the Series 2010C is subject to a floating-to-fixed rate swap.
Summary of Bonds Outstanding Security: General Airport Revenue Bonds ("GARBs") are secured by the pledge of Net Airport Revenues Lien: SeniorRatings: Moody's Aa3 (Stable) S&P AA- (Stable) Fitch AA- (Stable) Series * Approximately 0.1 percent of the GARB portfolio is additionally secured through bond insurance.** All of the Series 2009D, 2010D and 2011A are subject to a floating-to-fixed rate swap.*** $89.8 million of the Series 2010C is subject to a floating-to-fixed rate swap.
All of the Bonds are equally secured by a pledge of, and charge and lien upon, all of the General Airport Revenues, and the General Airport Revenues constitute a trust fund for the security and payment of the interest on and principal of the Bonds; but nevertheless out of General Airport Revenues certain amounts may be applied for other purposes as provided in the Master Trust Agreement.
The Bonds are special obligations of the City and are payable, as to the principal thereof, interest thereon and any premiums upon the redemption of any thereof, from General Airport Revenues (which are more particularly defined in the Master Trust Agreement).
Reference is hereby made to the Master Trust Agreement and to the Law for a description of the terms on which the Bonds are issued, the provisions with regard to the nature and extent of the General Airport Revenues, as that term is defined in the Master Trust Agreement, the rights thereunder of the Owners of the Bonds, the rights, duties and immunities of the Trustee, and the rights and obligations of the City thereunder.
Additional series of Bonds payable from the General Airport Revenues have been issued and may be issued if the future on a parity with the Bonds of this series, but only subject to the conditions and limitations contained in the Master Trust Agreement.