Available Revenues definition
Examples of Available Revenues in a sentence
The City is obligated only to pay periodic payments under this Lease as may lawfully be made from Available Revenues.
Notwithstanding any other provision hereof, the Trustee and the City understand and intend that the obligation of the City to pay Rent hereunder be limited to payment from Available Revenues and will constitute a current expense of the City.
After the Owners of the required percentage of the principal amount of the Outstanding IFA Appropriation Bonds, the Outstanding IFA RDA Member Bonds, the Outstanding IFA Available Revenues Bonds and the Outstanding ▇▇▇▇, to the extent applicable, shall have filed their consents to the execution of a supplemental agreement pursuant to this Section, the Bond Trustee shall mail a notice of the proposed execution of such supplemental agreement, postage prepaid, to each Owner of the IFA Bonds.
The City and the Developer agree that Available Revenues may, if recommended by Bond Counsel, be bifurcated so that portions of the Available Revenues are used to pay separate series of TIF Obligations (for example, Bond Counsel may recommend a series of TIF Obligations payable only from District Revenues).
The Initial Transit and Corridor Investment Payment is not subject to Available Revenues and is payable in full on June 30, 2025.