Net Operating Revenues definition

Net Operating Revenues means Operating Revenues, less the Operation and Maintenance Costs during such fiscal year or period.

Net Operating Revenues shall have the meaning attributable to such term in the Loan Agreement.

Net Operating Revenues means the Operating Revenues of the System after deduction the Expenses of Operating and Maintaining the System.

Examples of Net Operating Revenues in a sentence

• Notwithstanding the foregoing, so long as the Borrower has Net Operating Revenues that are at least equal to said month’s portion of items (a) through (e) of Section 5.7 of the Indenture, then the Borrower may retain from Net Operating Revenues for such month the Borrower Administration Fee for such month.

• All Net Operating Revenues received by the Trustee shall be deposited for credit to the Revenue Fund to be held by the Trustee.

• The Borrower shall, at all times while any of the Bonds remain outstanding, fix, prescribe and collect rents, fees and charges in connection with the Project, so as to yield Net Operating Revenues, including any earnings on the Debt Service Reserve Fund, for the immediately preceding 12 month period that will result in a Coverage Ratio at least equal to 1.30 (rounded up to the nearest hundredth) with respect to the Bonds debt service.

• Notwithstanding the foregoing, so long as the Borrower has Net Operating Revenues that are at least equal to said month’s portion of items (a) through (g) of Section 5.7 of the Indenture, then the Borrower may retain from Net Operating Revenues for such month the Borrower Administration Fee for such month.

• The Trustee shall notify the Authority and the Oversight Agent in the event that Net Operating Revenues have not been deposited by the thirteenth (13th) day of each month.

More Definitions of Net Operating Revenues

Net Operating Revenues means Operating Revenues less Operation and Maintenance Expenditures paid from Operating Revenues.

Net Operating Revenues means the Gross Revenues less the Operating Expenses for the Facility.

Net Operating Revenues means, for any period, Operating Revenues, after provision for the payment of the Expenses of Maintenance and Operation for such period.

Net Operating Revenues means the total revenues of the EUPCC Network. Revenues may be generated from multiple sources, including charges for services, grants, and fees associated with permitting other Internet Service Providers (ISP) access to the Network.

Net Operating Revenues means Gross Operating Revenues net of Promotional Allowances.

Net Operating Revenues means a provider's gross charges less any deductions for bad debts, charity care, contractual allowances, and other payer discounts.

Net Operating Revenues means the difference, calculated on a ---------------------- calendar month accrual basis, between (i) the Operating Revenues and (ii) the total of the Operating Costs and the Capital Costs.