Equity Earnings definition

Equity Earnings means all or any part of the Net Earnings derived from the investment or deposit of Allocated Equity related to the Prior Loans or Prior Local Governmental Obligations held in the Leveraged Bond Fund and the 2014 Debt Service Reserve Fund, and any other fund or account established under the Program Resolution or under the Bond Resolution, in each case to the extent provided in the Equity Allocation Certificate;
View Source
Equity Earnings means all or any part of the Net Earnings derived from the investment or deposit of Allocated Equity held in the applicable Account or Subaccount in the Leveraged Bond Fund and in the related Debt Service Reserve Fund, and any other fund, account or subaccount established hereunder or under a Bond Resolution, in each case to the extent provided in an Equity Allocation Certificate, including without limitation any amounts received by the Trust on account of the exercise of any right or remedy granted or available under law or any Investment Obligation upon the occurrence of a default by the Investment Obligor thereunder;
View Source

Examples of Equity Earnings in a sentence

  • Credit Provider shall have a perfected first lien security interest on the Equity Capital and all Equity Earnings.

  • For purposes hereof, Borrower does hereby grant to Credit Provider a first lien security interest in and to all Equity Capital and all Equity Earnings.

  • If Credit Provider consents to any extra work or materials or changes that increase the total cost of the Project, the cost of the extra work or materials will be withdrawn from the Equity Earnings or, if sufficient Equity Earnings are not available, Borrower shall immediately deposit the amount of the cost thereof with Credit Provider to be disbursed by Credit Provider upon completion of such extra work or materials or changes.

  • Borrower shall cause the financial institution(s) which holds the Equity Capital Account and Equity Earnings Account to enter into one or more control agreements with Credit Provider for the purpose of perfecting Credit Provider’s security interest in such funds and accounts.

Related to Equity Earnings

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;