Net Pledged Revenues definition

Net Pledged Revenues means the Gross Pledged Revenues remaining after the payment of the Operation and Maintenance Expenses of the System.
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Net Pledged Revenues or "Net Revenues" means now all the Pledged Revenues and is synonymous with Gross Revenues and Gross Pledged Revenues; but in the case of any future extension of the pledge and lien herein provided to secure the payment of the Bonds and any other securities payable from Pledged Revenues, to any revenue (other than the Student Fees, UNLV Facilities Revenues, UNR Facilities Revenues and other than any grants from the federal government, the State, or other donor for the payment of Bond Requirements) from any other income-producing Facilities of the Issuer or the Board or other available source, the term "Net Pledged Revenues" or "Net Revenues" may then include the gross revenues of such facilities remaining after provision is made for the payment of the operation and maintenance expenses of such Facilities from the income of such other income-producing Facilities.
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Net Pledged Revenues means the Gross Pledged Revenues, after the deduction of the Administration Expenses and Direct Distributions, including without limitation in the case of the taxes levied by the State in NRS 365.180 and 365.190, the deductions from such taxes by the State of amounts for the remittances and deposits required by the provisions of NRS 365.535 and 365.565.
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Examples of Net Pledged Revenues in a sentence

  • The Enterprise may issue Debt with a lien on the Net Pledged Revenues that is on a parity with or subordinate to the lien of this Agreement, without the Bank’s prior written consent.

  • The payment of the amounts due under this Agreement or the 2022 Note is not secured by an encumbrance, mortgage or other pledge of property of the City or the Enterprise, except for the Net Pledged Revenues.

  • The Enterprise may issue Debt with a lien on the Net Pledged Revenues that is senior to the lien of this Agreement, without the Bank’s prior written consent, if such Debt is issued pursuant to the provisions of the 2018 Bond Ordinance and the 2023 Bond Ordinance.

  • None of the covenants, agreements, representations and warranties contained herein or in the 2022 Note shall ever impose or shall be construed as imposing any liability, obligation or charge against the Enterprise or the City (except the Net Pledged Revenues and the special funds pledged therefor), or against its general credit, or as payable out of its general fund or out of any funds derived from taxation or out of any other revenue source (other than those pledged therefor).

  • All amounts due under this Agreement or the 2022 Note shall be payable and collectible solely out of the Net Pledged Revenues, which revenues are hereby so pledged which pledge is in all respects subordinate to the pledge and lien thereon of the Senior Debt at any time outstanding.


More Definitions of Net Pledged Revenues

Net Pledged Revenues means the Gross Pledged Revenues after the deduction of the Operation and Maintenance Expenses.
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Net Pledged Revenues means all Income remaining after the deduction of Operation and Maintenance Expenses.
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Net Pledged Revenues has the meaning set forth in Article I of the Subordinate Trust Agreement.
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Net Pledged Revenues means the Pledged Revenues less Operating Expenses.
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Net Pledged Revenues means, for any given period, Pledged Revenues for such period, less, for such period, LAX Maintenance and Operation Expenses.
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Net Pledged Revenues or "Net Revenues" means now all the Pledged Revenues and is synonymous with Gross Revenues and Gross Pledged Revenues; but in the case of any
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Net Pledged Revenues means the Gross Pledged Revenues, after the deduction of the Administration Expenses and Direct Distributions.
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