Minimum Annual Appropriated Amount definition

Minimum Annual Appropriated Amount means an amount equal to the sum of (i) the Principal Payments coming due in such Fiscal Year as set forth in this Installment Sale Agreement;(ii) the Interest Payments coming due in such Fiscal Year as set forth in this Installment Sale Agreement; and (iii) any amounts owing or expected to come due during the Fiscal Year pursuant to Section 5.1(c) hereof.
Minimum Annual Appropriated Amount means an amount equal to the sum of (i) the Basic Payments coming due in such Fiscal Year as set forth in this Installment Sale Agreement;

Examples of Minimum Annual Appropriated Amount in a sentence

  • The City hereby appropriates available and uncommitted funds in its budget for the current fiscal year in the amount of the Minimum Annual Appropriated Amount (as defined in the Installment Sale Agreement).

  • The RESA further covenants to notify the Seller in writing immediately after such fifteenth (15th) day and promptly after the adoption of any preliminary or final budget, if the RESA has not, or there is any reason to believe that the RESA will not appropriate and have available the Minimum Annual Appropriated Amount.

  • The undersigned officers of City of Dallas, Georgia (the “City”) hereby certify that the Minimum Annual Appropriated Amount for the current fiscal year, that is, Installment Payments of $ , (as such terms are defined in the referenced Installment Sale Agreement), are within such City’s operating budget or budgets for the fiscal year ending June 30, 20 , and an appropriation of funds for such fiscal year has been made and is available therefor.

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  • In the event the governing body fails to appropriate the Minimum Annual Appropriated Amount by the day set forth in (i), above, the County will provide a Certificate of Non- Appropriation in the form of Exhibit C attached hereto, to the Seller by the fifteenth (15th) day before the end of the current Fiscal Year.

Related to Minimum Annual Appropriated Amount

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

  • Available Commitment means a Lender’s Commitment minus:

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.