Net Pledged Revenue definition

Net Pledged Revenue means the moneys described in clauses (a), (b), (c) and (e) of the definition of Pledged Revenue set forth in this Article I.
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Net Pledged Revenue means the Gross Revenue after deducting the Operation and Maintenance Expenses.
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Net Pledged Revenue means the components of Pledged Revenue set forth in clauses (a) and (c) of the definition thereof set forth in this Section 1.01.
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Examples of Net Pledged Revenue in a sentence

  • The Borrower’s payment of the Developer Debt from Net Pledged Revenue shall be limited to that portion thereof which constitutes the Shoenberg Center Obligation.

  • The most significant condition to be met is that the Net Pledged Revenues of the Additional Facilities to be constructed or financed with the proceeds of the Additional Bonds, when added to the estimated annual Net Pledged Revenue of the then existing Student Housing System Facilities then under construction, shall equal at least 1.20 times the combined Average Annual Debt Service Requirements for all Parity Bonds the outstanding and the Additional Bonds proposed to be issued.

  • The Port has also covenanted in the Amended and Restated Master Trust Indenture that Net Pledged Revenue (Revenues less the Operation and Maintenance Expenses) will be equal to at least 125% of actual debt service for the Senior Lien Bonds (Senior Lien Debt Coverage Ratio).

  • The Net Pledged Revenue is hereby pledged to the payment of the Bond and the amounts due under the Loan Agreement.

  • The Bonds shall constitute an irrevocable and first lien upon the Net Pledged Revenue, but not necessarily an exclusive such lien.

  • Other than the Series 2005 Bonds, the District has no outstanding debt, bonds, loans or other multiple fiscal year obligations which are secured by the Net Pledged Revenue.

  • There shall be credited to the Loan Payment Fund in each Fiscal Year an amount of Net Pledged Revenue which, when combined with other legally available moneys in the Loan Payment Fund, equals the Loan Requirements for such Fiscal Year.

  • In the event the Net Pledged Revenue is insufficient or is anticipated to be insufficient to pay the principal of, and the premium, if any, and interest on the Bonds when due, the Authority shall use its best efforts to refinance, refund, or otherwise restructure the Bonds so as to avoid such insufficiency.

  • The Trustee shall credit all Net Pledged Revenue to the Revenue Fund promptly upon the receipt thereof.

  • One Project 667BDR Kalmar (Delta III) SSBN is believed to be operational with the Pacific Fleet after completing a lengthy overhaul in 2017.24To replace the older SSBNs, Russia is building a fleet of new Borei class SSBNs (Project 955/A).

Related to Net Pledged Revenue

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.