Net Pledged Revenues means the Gross Pledged Revenues remaining after the payment of the Operation and Maintenance Expenses of the System.

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.

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.

Examples of Net Pledged Revenues in a sentence

Transactions in currencies other than Sterling are recorded at the rates of exchange prevailing on the dates of the transactions.
The lien of the Bank on the Net Pledged Revenues hereunder shall be subject to no other liens except those liens granted on the Net Pledged Revenues to any Senior Debt heretofore or hereafter issued in accordance with the terms hereof and the Subordinate Debt.
As special, limited obligations of the District, principal and interest on the bonds are payable solely from Net Pledged Revenues, as defined in the bond documents.Such net revenue includes income from the operation and use of the wastewater treatment facilities and other legally available revenue after the payment of operation and maintenance expenses of the system.
The Net Pledged Revenues for any 12 consecutive months out of the 18 months preceding the month in which such proposed Parity Bonds are to be issued are at least equal to the sum of 125% of the Combined Maximum Annual Debt Service Requirements of the Outstanding Bonds, all Outstanding Parity Bonds and such additional Parity Bonds proposed to be issued.
Upon the execution and delivery of this Agreement, except for the Financing Documents and the 2018A Bonds and 2018B Bonds, the Enterprise will have no other Debt outstanding payable from or secured by the Net Pledged Revenues or any portion thereof.

More Definitions of Net Pledged Revenues

Net Pledged Revenues has the meaning set forth in Article I of the Subordinate Trust Agreement.

Net Pledged Revenues means the Gross Pledged Revenues, after the deduction of the Administration Expenses and Direct Distributions.The term "newspaper" means a newspaper printed in the English language, published at least once each calendar week.

Net Pledged Revenues means, when used with respect to any Bond Year, the total amount of the Pledged Revenues for such Bond Year, less the amount of Operating Expenses.

Net Pledged Revenues means the Pledged Revenues less Operating Expenses.

Net Pledged Revenues means Pledged Revenues less all reasonable and necessary costs and expenses of operating and maintaining the Issuer, which expenses shall not include depreciation and amortization expenses.

Net Pledged Revenues means, for any given period, Pledged Revenues for such period, less, for such period, LAX Maintenance and Operation Expenses.